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...

Last week, photos went viral on social media depicting the sorry state of an airport built in Chongone, 30 km away from the Gaza provincial capital of Xai-Xai - the...

After decades of haemorrhaging money and running at a loss, Mozambique’s flag carrier, LAM (Linhas Aéreas de Moçambique – Mozambique Airlines) has decided to take on a management partner that...

Mozambique’s Confederation of Business Associations (CTA) on Tuesday called upon government and the World Bank to expedite the establishment of a Credit Guarantee Fund (FGM) by the end of 2023....

Mozambique’s Central Bank, Banco de Moçambique, last week announced it would keep its benchmark interest rate unchanged at 17.25 per cent for the sixth consecutive month. The Bank of Mozambique...

On 30 March, the World Bank Board of Directors approved a $300 million credit for the Mozambique Access to Finance and Economic Opportunities Project or Mais Oportunidades project, spanning six years (2023-2029),...

Banco de Moçambique, Mozambique’s central bank, on Wednesday kept its benchmark interest rate unchanged at 17.25 per cent for the sixth month running. The Bank of Mozambique hiked the benchmark...