Browsing: Politics & Economy
The IMF has not instructed the Bank of Mozambique to continue tightening monetary policy in early 2016 following the startling 150 basis point [...]
Mozambique opposition movement Renamo has called on the government to invite Jacob Zuma, president of neighbouring South Africa, to mediate talks between it and ruling party Frelimo following a series of violent clashes in the centre of the country from September [...]
As the IMF meets to deliberate a $286m loan for Mozambique, analysts are concerned that EMATUM bond repayments could yet jeopardise the country’s revised budget, passed in parliament this week
Afonso Dhlakama, leader of the opposition party Renamo, plans to take power in six provinces in the north and centre of Mozambique in March 2016, without firing a single shot, he told journalists in Maputo on 16 December.
The former deputy minister of land, environment and rural development, Ana Isabel Senda Coanai, has been made head of the Mozambique government agency that manages state-owned companies. Coanai replaces Apolinário Panguene, who has headed up the
Central bank shocks observers with 'radical and unprecedented' monetary tightening, aimed at consolidating recent gains made by the metical and curbing inflation
- Bank of Mozambique raises lending rate 150bp to 9.75%, deposit rate 100bp to 3.75%
- Commercial banks [...]
A new permanent secretary has been sworn in at Mozambique’s Ministry of Economy and Finance (MEF), going some way to alleviating a shortage of senior officials at one of the Mozambican government’s largest and most under-pressure departments.
A prominent supporter of Mozambique’s main opposition party Renamo, and former head of the national airline LAM, was shot today in the Mozambican capital, Maputo, and is now receiving hospital treatment at Maputo Private Hospital. According to
Mozambique currently has a $2 billion wish-list with the Chinese, who have already lent more than $1 billion for the Katembe bridge and Maputo ring road alone China has agreed to let Mozambique off any outstanding [...]
The Bank of Mozambique has denied it has any intention to forcibly convert dollar-denominated accounts at Mozambican banks into meticais, insisting everything it is doing to stabilise the currency is in line with existing foreign exchange [...]