Browsing: Rand Merchant Bank

Economy The Bank of Mozambique seen behind a dilapidated building in Maputo's downtown. © Nuno Rosario via Flickr
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Mozambique has slipped further into arrears on its $2 billion in ‘hidden’ debt  after missing the second payment on a government-guaranteed $535 million loan taken out by Mozambique Asset Management (MAM) today. However, the de facto policy of non-payment [...]

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Economy Food prices have risen by 40% in Mozambique over the last year. Photo © Tom Bowker / Zitamar News
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Consumer price inflation in Mozambique hit a record high of 24.90% over the last 12 months, according to national statistics agency INE, and looks set to increase further as regulated prices rise  and the value of the currency continues to fall. [...]

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