The Governor of the Bank of Mozambique, Rogério Zandamela, met with ambassadors of the countries of origin of capital invested in the banking sector in Mozambique to share information on financial developments as well as on the economic prospects of the country. Read more.
The Mozambique Purchasing Managers’ Index (PMI) signaled a renewed improvement in business conditions in September, after falling back into decline over August, thanks to Sadc security intervention that brought stability in the country. Read more.
1.3 million people connected to decentralized power; Across 9 countries in Sub-Saharan Africa; Impacting 6.5 million lives. Read more.
The Africa Resilience Forum is a flagship African Development Bank event which brings together key stakeholders across government, civil society, the private sector, and international partners. Read more.
Mozambique has been mentioned in a new report among 8 out of 18 High Impact Countries (HICs) with new coal-fired power plants that are under active development in 2021 notwithstanding that sources of finance for new plants is tightening as more countries announce their exits from coal. Read more.
Despite having only served as governor since 2019, Tauabo has demonstrated a commitment to both the community and the regions energy sector enhancement. Read more.
Mozambique Ministry of Industry and Commerce has repudiated on the acts some companies which are demanding a readjustment in the sale price of cement in the south of the country are not even in the cement industry.
Mozambique Ministry of Economy and Finance (MEF) expects exchange rate to reach 68 meticais per US dollar by the year end 2021. Read more.
Secondary emerging investment sectors that are rapidly gaining traction include cold storage, self-storage facilities and affordable housing. Read more.
Cabo Delgado’s business community is confident about the gradual return to sanctuary and the reopening of access roads to areas affected by terrorism, but expects government help to rebuild destroyed infrastructure.
The Mozambican Economic Climate Indicator (ICE), a measure of business confidence, wane in the second quarter ending June registering 85.7 points, one point less than in May, Mozambique’s National Statistics Institute (INE) has announced.
The managing director of Kenmare Resources has said its titanium mineral mine in Mozambique has sufficient resources to support production – at the current rate – for more than 100 years and that the company had no plans to seek licences elsewhere. Read more.
