Malawi suspends official foreign travel to cut expenses
Malawi’s President Lazarus Chakwera has decided to temporarily ban himself and his government from traveling abroad, to help his country cut spending in the face […]
Mozambique
IMF admits situation is “a little complicated” due to increase in domestic debt in Mozambique
The representative of the International Monetary Fund (IMF) in Mozambique has classified the domestic debt situation as “somewhat complicated”. Alexis Meyer (IMF representative) says that […]
Mozambican state revenues increase by 7.9% to 3.408 ME in September
The Mozambican state’s current revenue grew by 7.9% until September, to 232,483 million meticais (3,408 million euros), driven by the increase in tax collection, according […]
Mozambique expects 62.5 ME in tax revenues from natural gas in 2024
The Mozambican State expects to receive 4,268 million meticais (62.5 million euros) in tax revenue from natural gas next year, according to Government figures available […]
Cost of servicing Mozambique’s debt rises 18% in 2024 to 1,712 ME
Mozambique’s debt servicing costs will grow by 18% in 2024, to more than 116,631 billion meticais (1,712 million euros), according to Mozambican Government figures. According […]
Mozambique: Islamic State claims attack that killed “three Christians”
The extremist group Islamic State (IS) claimed an attack on the village of Novo Cabo, Macomia district, in the Mozambican province of Cabo Delgado, saying […]
Saudi fund provides 140 million euros for public works in Mozambique
The Mozambican government and the Saudi Fund for Development signed an agreement on Thursday November 09 in Riyadh, Saudi Arabia, to provide 150 million dollars […]
Mozambican Parliament cuts 14% from 2024 budget
The Mozambican parliament on Wednesday November 8 approved a budget of just over 2.6 billion meticais (38 million euros) for its operating and investment expenses […]
Governor of the Bank of Mozambique says restrictive policy has eased inflation
The governor of the Bank of Mozambique said on Wednesday November 1st that the current slowdown in inflation was the result of the “restrictive monetary […]
Mozambique plans to increase gold production to more than 1.5 tons in 2024
Mozambique expects to set a new record for gold production in 2024, with more than 1.5 tons, which will represent an increase of 3% compared […]