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Mozambiquehub

Mozambique’s president approves State Budget for 2020

23 April 2020
The President of Mozambique, Filipe Nyusi on Wednesday approved and the bill for the 2020 State Budget and sent it out for publication, thus approving the Economic and Social Plan, said the President of the Republic in a statement issued in Maputo.

Banco Comercial e de Investimentos is the most systemically important credit institution in Mozambique

22 April 2020
Banco Comercial e de Investimentos (BCI) is Mozambique's systemically most important credit institution, followed by Millennium BIM and the Standard Bank, said the Bank of Mozambique on publishing the classification of banks operating in the country based on this indicator.

Hengqin Island has a role to play in China’s relationship with Portuguese-speaking countries

21 April 2020
The island of Hengqin will contribute to solving the problem of lack of space and resources in Macau, allowing it to better perform its role as a platform between China and Portuguese-speaking countries, the Macau government said in the 2020 Lines of Government Action.

Mozambique plans to manage resources for combating Covid-19 with transparency, minister says

20 April 2020
(CN) 莫桑比克经济和财政部长Adriano Maleiane在他宣布开设一个特别帐户以存放资金时，告诉国会议员，为打击Covid-19大流行，将以透明度管理财政资源。

Trade between China and Portuguese-speaking countries falls 9.37% in first two months of the year

17 April 2020
The value of trade between China and the Portuguese-speaking countries posted a drop of 9.37% year-on-year in January and February to US$21.374 billion, according to official Chinese figures released by Forum Macau.

US$15 million saved in Mozambique’s debt servicing pardon will be used to combat Covid-19

17 April 2020
The recent debt servicing pardon granted to Mozambique by the International Monetary Fund (IMF) and worth approximately US$15 million will be directed to combating Covid-19, but the high needs of the economy may lead to greater pressure on public spending, said the Bank of Mozambique.

Pandemic leads to suspension of negotiations on minimum wages in Mozambique

17 April 2020
The Ministry of Labour and Social Security, employers and employees in Mozambique decided to suspend tripartite negotiations to adjust national minimum wages by sectors of activity, due to the Covid-19 outbreak in the country, the local press reported.

EIU projects contraction of Mozambique’s economy in 2020

16 April 2020
Mozambique's economy is expected to contract by 2.4% this year said the Economist Intelligence Unit (EIU) in its latest report on the country. This projection differs from the one issued by the International Monetary Fund (IMF), which projects economic growth of 2.2%.

Mozambique collects information on national industrial base

16 April 2020
The survey of Mozambique's industrial base, which is intended to identify areas that require investment or support, is at the conclusion stage, the minister of Industry and Trade said recently in Maputo.

Mozambique launches foreign trade website

16 April 2020
Foreign trade operators in Mozambique and the public in general are from Wednesday will have access to all the information required for the process of importing, exporting and transit of goods through a new website specifically designed for the purpose, officially launched on Tuesday in Maputo.

Cabo Verde has no debt to the International Monetary Fund

16 April 2020
Cabo Verde was left out of the debt servicing pardon that the International Monetary Fund granted to 25 countries because it has never owed anything to that international organisation, said the Deputy Prime Minister and Minister of Finance, Olavo Correia in Praia on Tuesday.

IMF’s pardon to Mozambique expected to be used to further support the economy

15 April 2020
The US$15 million pardon in Mozambique's debt servicing by the International Monetary Fund (IMF) will relieve the accounts of the Mozambican state and open up room to grant further support, said the president of the Confederation of Economic Associations.

Ncondezi Energy Group suspends construction of solar plant in Mozambique

15 April 2020
The development of a project for production and storage of solar energy in Mozambique for a commercial and industrial customer has been suspended due to the Covid-19 pandemic, Ncondezi Energy said in a market statement.

IMF pardons debt servicing of 25 countries, including three with Portuguese as an official language

14 April 2020
Guinea-Bissau, Mozambique and São Tomé and Príncipe are the three of Portuguese-speaking African countries included in the list of 25 nations to which the International Monetary Fund (IMF) has offered a pardon on debt servicing, according to a statement released on Monday in Washington.

Covid-19 postpones delivery of airport built by China in Mozambique

14 April 2020
Chongoene airport, to be built in Gaza province, southern Mozambique, by China Aviation International Construction and Investment Co Ltd , is expected to be completed six months later than planned due to the constraints imposed by the new coronavirus pandemic, said the provincial director of Transport and Communications.

Mozambique’s ENH takes on US$2.2 billion state-backed loan

14 April 2020
The sovereign guarantee of 136.1 billion meticais (about US$2.2 billion) entered in the State Budget for 2019 for Mozambican state oil and gas company ENH has already been used, said the minister of Economy and Finance of Mozambique.

Postponement of the decision to invest in Mozambique by ExxonMobil reduces FDI in 2020

14 April 2020
The postponement of the final investment decision for the Area 4 block, in the Rovuma basin, northern Mozambique, will have implications on the amount of foreign direct foreign investment (FDI) planned for the country this year, said the president of the National Oil Institute.

Companies in the Nacala Corridor, Mozambique, adopt single trading name

9 April 2020
The companies of the Nacala Corridor, in northern Mozambique, now use a single trading name, Nacala Logistics, which is the result of merging each of their brands, said the chairman of the Board of Directors of the companies of the Nacala Corridor.

ExxonMobil announces postponement of project in Mozambique

8 April 2020
The final investment decision for the Rovuma LNG natural gas project, in Mozambique, which was scheduled for this year, has been postponed, announced US group ExxonMobil, on announcing the measures to respond to the economic consequences of the Covid-19 pandemic.

Mozambique seeks partners to manage Maputo International Fair venue

8 April 2020
The Agency for Investment and Export Promotion (APIEX) of Mozambique is looking for national or foreign partners with ability to design, build and operate the venue for the Maputo International Fair, based on a public-private partnership, announced the institution.
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