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Mozambique recently exchanged over 3,694 million meticais (52.9 million euros) in internal debt, reflecting a cautious management of public finances. The government faces rising debt interest charges projected to increase …
Mozambique Conducts Internal Debt Exchange Amid Rising Financial Pressures Read More
The recent tropical storm in Mozambique is potentially linked to sudden rainfall in Kenya, as explained by Dr. David Gikungu from the Kenya Meteorological Department. Cyclone Jude caused heavy rainfall …
Impact of Mozambique’s Tropical Storm on Kenya’s Rainfall Patterns Read More
Portugal’s LNEG is collaborating with Timor-Leste to explore mineral potential, identifying deposits for gold, chromium, nickel, and copper. Following an initial inventory, deeper site assessments will be conducted. This partnership …
Portugal Collaborates with Timor-Leste to Explore Metallic Minerals Read More
Venâncio Mondlane, former presidential candidate, is set to appear at the PGR in Maputo for a criminal investigation on Tuesday. His hearing was postponed from Monday at the request of …
Venâncio Mondlane to Address Public Prosecutor’s Office Amid Legal Challenges Read More
Mozambican banks’ mandatory reserves reached a record €4.441 billion in December 2024, increasing by 15% from the previous year. Following two coefficient hikes aimed at controlling liquidity, the central bank …
Mozambique Banks’ Mandatory Reserves Hit Record High as Central Bank Adjusts Policy Read More
Tmcel, the Mozambican mobile operator, is facing service outages in Maputo due to vandalism to its equipment. The company has reduced losses significantly in 2023 and is working on improving …
Service Outages Affect Tmcel Customers Due to Vandalism in Maputo Read More
Mozambique’s Net International Reserves rose to $3.740 billion in December, marking a recovery following declines in October and November. Despite earlier decreases, reserves are aimed at ensuring economic stability. Governor …
Mozambique’s International Reserves Increase in December After Declines Read More
Mozambican police shot at opposition leader Venancio Mondlane’s supporters during a protest in Maputo on Wednesday, injuring at least one person. The protest preceded President Daniel Chapo’s signing of a …
Mozambique Police Clash with Opposition Supporters Amid Protests and Political Tension Read More
Mozambican police shot at Venâncio Mondlane’s caravan, injuring a member. The incident occurred during a march in Maputo, amidst an ongoing political dialogue involving the President and major parties. Protests …
Mozambican Police Clash with Mondlane’s Caravan Amid Rising Political Tensions Read More
Interest costs on Mozambique’s debt surged by 12% in 2024, totaling 57.608 billion meticais (€857.4 million), compared to 49.929 billion meticais (€743 million) in 2023. Domestic debt expenses rose by …
Mozambique’s Debt Interest Costs Rise by 12% in 2024 to €857.4 Million Read More