BMI forecasts Mozambique’s economy growing 6.5% this year and 4.2% in 2024
Consulting firm BMI estimated on Sunday August 20 that Mozambique’s economy will grow by 6.5% this year and 4.2% next year, driven by increased production […]
Finance
Angola: Inflation to reach 13% this year – Standard & Poor’s
Financial rating agency Standard & Poor’s predicts that Angola will reach the end of the year with average inflation of 13%, falling to 10% the […]
External loan disbursements to Mozambique halved in March
Foreign loan disbursements to Mozambique fell to 120 million dollars (110 million euros) in the first quarter 2023, less than half compared to the same […]
Foreign investment in Mozambique fell 66.8% in the first quarter
Foreign Direct Investment in Mozambique fell 66.8% in the first quarter, compared to 2022, to US$460.1 million (€417.3 million), led by South Africa, according to […]
British NGO invests 2.3 million euros to expand access to drinking water in Mozambique
The non-governmental organization (NGO) WaterAid will invest 2.3 million euros to expand access to drinking water in Mozambique, as part of its strategic plan for […]
Angola recorded inflation of 12.12% in July
Angola recorded inflation of 12.12% in July, which represents a decrease of 9.28 percentage points compared to that observed in the same period of 2022, […]
Mozambican economy grew 4.67% in the second quarter
Mozambique’s Gross Domestic Product (GDP) grew 4.67% in the second quarter, driven by growth in the primary sector, according to the National Accounts report released […]
Angola: Local revenues rose from €4,000 to €20m in the last five years
Reported local revenue rose from 3.8 million kwanzas (€4,000) in 2017 to 18.5 billion kwanzas (€20 million) five years later, the Angolan Government announced. The […]
Mozambique lost more than 10ME in salaries paid to “ghost employees”
The Mozambican State has lost 725 million meticais (€10.3 million) over the past seven years due to the payment of salaries to more than 3,200 […]
Mozambique: State revenues grew 8.8% in first quarter to €931 M
Current revenues of the Mozambican State grew 8.8% in the first quarter to 65,054 million meticais (931 million euros), driven by a 3.1% increase in […]