Mozambique Sees Surge in Digital Financial Inclusion and Improved Lending Conditions
The Bank of Mozambique has reported a substantial rise in electronic money account users, growing from 11.9 million in December 2022 to 23 million by […]
Bank of Mozambique
Mozambique Expects Economic Recovery in 2026, Driven by Gas and Mining Projects
The Bank of Mozambique projects a gradual economic rebound in 2026, supported by major investments in natural gas and mining. Governor Rogério Zandamela, speaking at […]
Mozambique’s Sovereign Wealth Fund Receives Record Gas Revenues Amid Debate Over Usage
Mozambique has channelled US$210 million into its Sovereign Wealth Fund (FSM) by June 2025, surpassing the total contributions made in the whole of 2024! According […]
Mozambique’s Rice Imports Surge Amid Sharp Decline in Domestic Cereal Production
Mozambique imported US$63.1 million (€54.5 million) worth of rice between January and March 2025, representing almost 15% of all consumer goods brought into the country […]
Mozambique’s Central Bank cuts interest rate to 12.75%
The Monetary Policy Committee (CPMO) of the Bank of Mozambique announced on November 27 a reduction in the monetary policy interest rate, known as the […]
Mozambique: The Central Bank appoints resident inspectors for two Mozambican banks
The Bank of Mozambique has appointed resident inspectors to oversee the operations of Banco Comercial e de Investimentos (BCI) and Standard Bank, ensuring that all […]
Bank of Mozambique Revokes Penalties for Non-Compliance with Reserve Requirements
The Bank of Mozambique (BdM) has revoked the penalty that led to the blocking of accounts for financial institutions that incurred a deficit in the […]
Money circulating in Mozambique increased by more than 10% at the end of the year
Physical money circulating in Mozambique increased by 10.6% in the space of a month, closing December 2023 at 78,270 million meticais (1,117 million euros), according […]
Mozambique’s bank reserves set a new record in November 2023
The volume of Mozambican bank reserves hit a new record in November 2023, reaching 245,527 million meticais (3,513 million euros), as a result of the […]
Mozambican central bank fines Caixa’s BCI almost 2 million
This year, the Bank of Mozambique imposed a fine of 134.9 million meticais (1.9 million euros) on Caixa Geral de Depósitos’ Banco Comercial e de […]