Tag: Mozambique

24 May 2019

The government of Mozambique is battling to bring its debt under control. Public debt as a proportion of GDP reached 110.5% at the end of 2018, up from a low of 37.5% in 2011 thanks to long-running debt relief.

29 April 2019

Mozambique, Equatorial Guinea and Portugal were the most highlighted Portuguese-speaking countries most in the 2nd “Belt and Road” Forum for International Cooperation, during which new partners signed up to the global Chinese initiative.

5 April 2019

While new coal and LNG port terminals in the northern half of Mozambique attract most international attention, the port of Maputo continues to grow rapidly. The more northerly projects are designed to handle domestic exports but, in contrast, Maputo has managed to regain its historic role as an important entrepôt for South African trade.

1 April 2019

The ports of Mozambique, Angola and São Tomé and Principe will be linked to the Chinese “´Belt and Road” initiative, which will have a “central hub” in East Africa, wrote researcher Paul Nantulya.

25 March 2019

Credit and other institutions legally authorised to receive deposits in Mozambique have until 31 July to adopt new information rules decided by the country’s central bank.

1 March 2019

The Portuguese-speaking countries (PSCs) will play a key role in the future of Macau outlined in the Greater Bay Area (GBA) Plan of the Central Government of China.

18 February 2019

Mozambique has exceeded expectations in terms of global connectivity, according to the latest ranking by multinational DHL, in which Timor-Leste was the only Portuguese-speaking country included to increase competitiveness compared with the previous year.

4 February 2019

The African Development Bank (AfDB) recommends coastal African countries, including Portuguese-speaking countries, to expand port infrastructure as a means of improving integration on the continent.

14 January 2019

The World Bank has revised its economic growth forecasts for Angola, Cabo Verde (Cape Verde) and Mozambique in 2019 and 2020 upwards, unlike Guinea-Bissau.

11 January 2019

The government of Mozambique has been involved in the last few weeks in intense negotiations with seven countries to secure funding for one of its largest natural gas projects and overcome scepticism about whether it will honour its debt commitments. The Rovuma Area 1, in the Rovuma Basin, involves an estimated investment of US$25 billion.

7 January 2019

The extractive industry has been boosting Mozambique’s economy and will increasingly do so with the start of natural gas exploration in 2023, but the country needs a broader growth model, according to the World Bank.

2 January 2019

China and the Portuguese-speaking countries were linked in 2018 by a number of new ventures, and the process of getting closer continues in the new year under the New Silk Road.

17 December 2018

Cabo Verde (Cape Verde) is in the top three countries in sub-Saharan Africa with the highest quality public policies and institutions, according to a list drawn up by the International Development Association (IDA) of the World Bank Group.

29 October 2018

Brazil, Mozambique and Cabo Verde (Cape Verde) have fallen back a few places in the latest edition of the Global Competitiveness Index of the World Economic Forum, in which Angola is in the lowest position among Portuguese-speaking countries.

22 October 2018

The Minister of Industry and Commerce of Mozambique, Ragendra de Sousa, at the 2018 edition of the Macau International Fair (MIF), called on China to invest in his country, in areas ranging from agriculture to forestry to infrastructure projects.

8 October 2018

Economic relations with Africa have been losing importance for Brazil’s governments, which ignore the continent’s potential, unlike China and other emerging economies, according to the Brazil-Africa Institute.

3 October 2018

Macau’s Banco Nacional Ultramarino (BNU) is looking to increase support for the more than 40,000 small and medium-sized enterprises (SMEs) in the territory, said Carlos Cid Álvares, the bank’s chief executive told the Tribuna de Macau newspaper.

28 September 2018

The World Economic Forum last year forecast that Angola, alongside Mozambique, would be among the ten fastest growing leisure tourism destinations worldwide over the next decade.

3 September 2018

Entities from Mozambique and China on Sunday in Beijing signed eight memoranda of understanding in the areas of infrastructure, industry, telecommunications, agriculture and financial services, during a business forum opened by Mozambican President Filipe Nyusi.

13 August 2018

China Railways has proposed the construction of a rail link connecting Mozambique to Zimbabwe via Zambia, a project costing an estimated US$2.5 billion that will give companies in the latter two countries easy access to Mozambique’s ports.

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