Browsing: Politics & Economy

Mozambique's Northern Insurgency
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Mozambique has joined the United States’ main counter-terrorism funding framework for East Africa, following the appearance of a terrorist group in late 2017 in the province of Cabo Delgado where US oil companies Anadarko and ExxonMobil are developing [...]

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Economy Bank of Mozambique governor Rogerio Zandamela. Photo: Bank of Mozambique
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The Bank of Mozambique (BM) this week took another step toward ‘normalising’ monetary policy in the country, cutting its policy interest rate for the first time this year to bring it down to the top end of a range that IMF economists say would be [...]

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Politics Renamo soldiers pose in Gorongosa during the party's Congress in January 2019. Photo © Tom Bowker / Zitamar News
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Renamo’s participation in this year’s Presidential elections is in doubt after a senior officer in the party’s military wing said the party’s leader, Ossufo Momade, would be killed if he does not stand aside before the deadline to submit candidates for October’s Presidential election. A [...]

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Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
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Mozambique has reached a new restructure agreement with the holders of the majority its sovereign bond — bringing forward the amortisation date by two years and paying higher interest rates than the two sides agreed last November, but eliminating a [...]

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Hidden Debts dossier Former Finance Minster Manuel Chang addressing a Frelimo party meeting on 27 February 2017. Photo © Alexandre Nhampossa / Zitamar News
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Former finance minister Manuel Chang will be returned to Mozambique rather than extradited to the United States, the South African justice minister said yesterday, in a ruling which has no reasonable chance of being overturned, according to a South African [...]

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Politics Renamo negotiators (l-r) José Manteigas, Eduardo Namburete, and Andre Magibire. Photo © Timothy Haccius / Zitamar News
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Andre Magibire was today confirmed as Renamo's new Secretary General - effectively the Number 2 in the party - after being nominated by party leader Ossufo Momade at the party's National Congress in the city of Nampula today. Magibire heads up Renamo's negotiating team for military affairs [...]

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Economy Finance minister Adriano Maleiane presenting the 2018 budget to parliament, 11 December 2017.
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The Mozambican government is working to find a solution to pay civil servants’ salaries for April, which were due last week, after failing to borrow MZN 3 billion from the domestic banking system. The Ministry of [...]

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