Browsing: BVM

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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Business The Agua Vumba plant in Manica province.
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A Portuguese investment company has finalised the acquisition of a stake in Mozambican mineral water company Água Vumba from controversial businessman Jamú Sulemane Hassan. Strongeagle, run by two former executives [...]

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Economy Maputo's downtown financial district. Photo © Tom Bowker / Zitamar News
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The Mozambique government raised more than MZN 900 million (roughly $15.5m) at a Treasury bond auction on Tuesday, exceeding its MZN 700m target after it cancelled the last auction in June due to a lack of demand. NOTE: The Mozambique stock exchange, the BVM, having initially said that [...]

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Economy Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
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Mozambican banks are increasingly unwilling to lend money to the state to help cover its budget deficit, which could lead to a renewed public spending crisis in the runup to elections and threatens the Bank of Mozambique’s efforts to combat inflation and [...]

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Electricity Cahora Bassa dam. Photo © Tom Bowker / Zitamar News
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Hidroelectrica de Cahora Bassa (HCB), the 2 gigawatt Mozambican hydropower dam in Tete province, is hiring legal and financial advisers ahead of a planned listing on Mozambique’s stock exchange, the Bolsa de Valores de Moçambique (BVM).

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