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Mozambiquehub

Obtala group expands forest operations in Mozambique

26 July 2017
In the second quarter of the year the Obtala group concluded the acquisition of 10.5 hectares of land for construction of a new sawmill in Nampula, northern Mozambique, which has already begun, according to the group's quarterly business update report.

Mozambican government sets US$50 price for tourist border visa

26 July 2017
The price of the tourist border visa has been set by the Mozambican government at US$50, according to statements from the country's Interior Minister Basílio Monteiro, on Tuesday in Maputo, at the end of a Council of Ministers meeting.

South African group builds sugar refinery in Mozambique

25 July 2017
South Africa's Tongaat Hulett group on Monday laid the first stone of a refinery to be built next to the Xinavane sugar mill in Mozambique's Maputo province to turn soft brown sugar into white sugar.

Mozambique Prepares Local Content Law

25 July 2017
The Mozambican Council of Ministers is due soon to consider a proposal for a Local Content Law, a document that is being refined and has already been analysed by the Economic Council, said the national director for Economic and Financial Studies of the Ministry of Economy and Finance.

Vale sees record coal production in Mozambique in the 2nd quarter

24 July 2017
Vale Moçambique saw record production of 3.0 million tonnes of coal in the second quarter of 2017, consisting of 2.0 million tonnes of coking or metallurgical coal and practically 1 million tonnes of thermal coal, Brazilian group Vale reported.

Mozambique government increases domestic public debt

24 July 2017
Mozambique's domestic public debt stood at 95.87 billion meticais (US$1.546 billion), according to figures from the periodical "Economic Environment and Inflation Prospects" bulletin published by the Bank of Mozambique last week.

Japan announces freeze on aid to Mozambique

14 July 2017
Japan has frozen US$100 million in donations and loans to Mozambique due to the scandal of undisclosed loans by two public companies, the head of Japan's International Cooperation Agency (JICA) announced in Mozambique.

Trade between China and Portuguese-speaking countries grows 41% from January to May

13 July 2017
Trade between China and the Portuguese-speaking countries rose 41.51% year-on-year in the January-May period to US$46.3 billion, according to official figures from China issued by Forum Macau.

Germany grants 15 million euros in aid to Mozambique

13 July 2017
Germany plans to spend 15 million euros to finance Phase II of the Electricity Grid Modernisation Project in Mozambique under an agreement signed on Wednesday in Maputo by representatives of the two countries.

Fosun tests business model in Portuguese-speaking countries

11 July 2017
The Fosun group has announced that it will use Portuguese-speaking countries to test a business model combining healthcare and financial services following acquisitions in Portugal, the group's founder and chairman told Hong Kong newspaper South China Morning Post.

Diplomat Vicente Manuel resigns from Forum Macau

11 July 2017
(CN) 中国-葡语国家经贸合作论坛（澳门）（“中葡论坛”）常设秘书处原副秘书长韦尚德已于7月10日离任，预料接替其职的葡籍经济学家Rodrigo Manuel Ferreira Brum即将履新。

IMF examines audit of undisclosed debts in Mozambique

11 July 2017
A mission from the International Monetary Fund (IMF) will remain in Mozambique until 19 July to discuss the findings of the audit of undisclosed debts by Kroll Associates UK, with the country's authorities, the local IMF resident said on Monday in Maputo.

World Bank finances production of statistics in Mozambique

10 July 2017
The World Bank (WB) has approved a US$62 million grant to Mozambique to improve the production and dissemination of quality socio-economic statistics and to support the use this data in policy-making, the agency said.

IFAD supports Mozambique’s agricultural development

7 July 2017
The International Fund for Agricultural Development (IFAD) will apply about US$150 million in the agricultural sector in Mozambique, which will be disbursed over the next five years, beginning in 2018, said the representative of the institution for the country in Maputo on Thursday.

Bank of Mozambique requires more information from credit institutions

7 July 2017
Credit institutions authorised to operate in Mozambique will have to disclose on a quarterly basis additional information on solvency and liquidity levels, according to a notice published on Thursday in Maputo by the Bank of Mozambique.

Bank competition limits expansion of the Mozambique Stock Exchange

7 July 2017
Competition for customer funds in the banking system in Mozambique is the main reason why the country's stock exchange has only five listed companies, according to a study commissioned by the Mozambican Stock Exchange (BVM), the Mozambican press reported.

Mozambique’s public debt has no solution in sight

6 July 2017
The public debt crisis in Mozambique will continue without a quick resolution, with the Mozambican state having been in financial default for some time now, the Economist Intelligence Unit (EIU) said in its latest country report.

Port of Maputo, Mozambique, receives US$800 million in investments since 2003

5 July 2017
The Maputo Port Development Company (MPDC) has invested US$800 million since 2003 to increase the capacity and efficiency of the port, which currently processes 40 million tonnes of cargo, the company's chief executive said on Tuesday in Maputo.

Bank of Mozambique opens new headquarters in Maputo

4 July 2017
The Bank of Mozambique spent US$300 million of its own resources to build its new headquarters in Maputo, a set of three buildings in the city centre occupying an area of more than 87,500 square metres, which was inaugurated on Monday by the Mozambican President.

Mozambique and Yara International sign agreement for production of fertilizers and electricity

4 July 2017
The Mozambican Ministry of Mineral Resources and Energy and Norwegian company Yara International on Monday in Maputo signed a memorandum of understanding for the production of fertilizers from the natural gas extracted in the Rovuma basin in the northern province of Cabo Delgado, according to an official statement.
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