Economy

Mozambique’s flag carrier, LAM (Linhas Aéreas de Moçambique – Mozambique Airlines), will on 12 December resume flights to the Portuguese capital of Lisbon. According to General Director João Carlos Pó...

The Mozambican government issued on Tuesday $54.61 million worth of long-term treasury bonds into the money market via the Mozambique Stock Exchange (BVM). The bonds were quickly gobbled up by...

Theunis Crous, Executive Director of the South African aviation company, Fly Modern Ark, which in April entered into a management partnership with LAM (Linhas Aéreas de Moçambique – Mozambique Airlines),...

Banco de Moçambique, Mozambique’s central bank, on Wednesday kept its benchmark interest rate unchanged at 17.25 per cent for the eighth month running, since September 2022. According to its Monetary...

The South African aviation company, Fly Modern Ark, has claimed to have reduced Mozambique Airlines’ debt by $47.3 million less than 45 days since starting operations. In April, LAM (Linhas...

For the third time in 18 months, the Mozambican Assembly of the Republic, the country’s parliament, on Tueday will discuss the revision of the law implementing the Single Wage Table...

In May 2022, the Mozambican government and with the International Monetary Fund (IMF) signed a Memorandum of Understanding (MoU) aimed at economic and financial reforms in Mozambique, including wages and...

Mozambique’s Transport and Communications Minister Mateus Magala has told the country’s parliament, the Assembly of the Republic, that the telecommunications company, TMcel, is a financial mess, owing debtors as much...

Very late in December 2022, Mozambique’s government gazetted a new decree to regulate public procurement in the country, which has raised quite many eyebrows - if the motivation was to...

Mozambique’s Ministry of Economy and Finance has cancelled an ‘urgent’ contract worth $4 million awarded to companies linked to businessmen associated to the ruling Frelimo party in the northern Cabo...