Browsing: Politics & Economy
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 [...]