Business
Mozambique is one of the main destinations for foreign direct investment on the African continent, mainly for exploration and exploitation of natural resources (forestry, mining, energy and fishing). Mozambique is also one of the top producers and exporters of electricity, rubies, graphite, coal and aluminium, and it also produces and exports significant quantities of fisheries produce and agricultural resources. Several international companies operate in the country, mainly Western, Chinese and South African. Telecommunications, financial, hotel and tourism services are widely available in Mozambique and can be found in any small or medium-sized town. The Government controls strategic sectors through state-owned companies, including the management of ports, railways, airports, air transport services, and the supply of water and electricity. MOZ TIMES covers business in Mozambique, focusing on events with impact on investors and markets.
Some 40% of Clients have Stopped Paying Motor Insurance, Due to the Post-Election Crisis
- There has been an increase in accidents caused by demonstrations and with no conventional insurance cover - Insurance companies...
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Business Leaders Demand Public Safety Guarantees for Economic Recovery from Post-Election Crisis
- Investors refuse financing without restoration of security By Aurélio Muianga Maputo (MOZTIMES) – The Mozambican government recently announced three...
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Government Proposes VAT Exemption for Sugar, Cooking Oil, and Soap
- Implementation depends on parliamentary approval - The previous government removed exemptions, claiming no consumer benefit By Noemia Mendes Maputo...
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Banks Announce Credit with Discounted Interest Rates for SMEs
- Approximately 40% of companies directly affected by the protests have outstanding bank loans - Over 17,000 employment contracts have...
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ExxonMobil Negotiating Tax Advantages Before Resuming LNG Project in Cabo Delgado, Says Analyst
By Ricardo Dias Maputo (MOZTIMES) – The president of ExxonMobil for Upstream, Dan Ammann, met last week in Maputo with...
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IMF Guarantees Continued Financial Support to Mozambique
- Government to Introduce Measures to Ease Financial Pressure on Small and Medium-Sized Enterprises By Ricardo Dias Maputo (MOZTIMES) –...
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Post-Election Protests Cause 32 Billion Meticais in Losses and 17,000 Job Cuts, Says CTA
- Business Leaders Demand Bold Measures from the Government and the Bank of Mozambique By Aurélio Muianga Maputo (MOZTIMES) – The...
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Mozambique Cuts Diesel Price by 4.8%
- Petrol price drops by 43 centavos, while cooking gas remains unchanged By MOZTIMES Maputo (MOZTIMES) – Mozambique’s Energy Regulatory Authority...
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Companies Face Nearly 400 Million Dollars in Outstanding Import Invoices Due to Foreign Currency Shortage
- Aviation, industry, trade, and health sectors among the hardest hit - Businessmen demand immediate action from the Central Bank...
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Montepuez Ruby Mining Revenues Drop 22% in 2024
By Noémia Mendes Maputo (MOZTIMES) – Montepuez Ruby Mining (MRM) recorded a USD 34.2 million decline in profits from the...
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