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 [...]
The Mozambique government has handed the Cahora Bassa hydroelectric company (HCB) a 15-year extension to its concession to run the hydroelectric dam - extending the contract to 2048. A government spokesperson said [...]
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 [...]
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 [...]
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 [...]
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).
Mozambique’s Hidroelectrica de Cahora Bassa (HCB) could raise around $52.5 million from listing a 7.5% stake in the company on the Mozambican stock exchange, according to one estimate. Portuguese electricity [...]
Mozambique’s stock market, the Bolsa de Valores de Moçambique (BVM), has added a sixth company to its roster as the exchange looks to bring more small and medium-sized enterprises [...]