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.
TotalEnergies Joins Legal Battle over US Funding for Mozambique LNG Project
– French multinational shows signs of desperation as funding freeze threatens 25% of total investment By MOZTIMES Maputo (MOZTIMES) – TotalEnergies...
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AfDB Approves $17 Million for Reconstruction and Employment in Northern Mozambique
By Noémia Mendes Maputo (MOZTIMES)—The African Development Bank (AfDB) has approved US$17 million in funding to support recovery and socio-economic...
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Environmental NGOs File Lawsuit in the US to Block Funding for Gas Exploration Project in Cabo Delgado
– Legal action puts US$4.7 billion approved by EXIM Bank at risk for the Mozambique LNG project Maputo (MOZTIMES) – International environmental organisations...
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Arab Bank to Fund Hospital Construction in Mozambique to Benefit Around 460,000 People
By Noémia Mendes Maputo (MOZTIMES) – The Arab Bank for Economic Development in Africa (BADEA) will finance the construction and equipping...
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Government Forgives Social Security Debt Fines
- Pension fund deposits dropped from MZN 13.11 billion in 2023 to MZN 3.34 billion in 2024 By Noémia Mendes...
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Insurance Revenues Drop 6% Over Four Years
By Noémia Mendes Maputo (MOZTIMES) – The contribution of Mozambique’s insurance sector to the financial system has declined from 11.22% in...
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Mozambique Accumulates Debt Exceeding 115 Billion Meticais Over 20 Years
By Noémia Mendes Maputo (MOZTIMES) – The Mozambican State has accumulated an outstanding debt of 115.3 billion Meticais with the Central Bank...
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Reference Interest Rate in Mozambique Drops to 17.4%
By Noémia Mendes Maputo (MOZTIMES) – Mozambique’s benchmark interest rate for credit will drop from 18% to 17.4% starting Tuesday, 1...
Read moreDetailsMozambique Considers Publishing Public-Private Partnership Contracts
By MOZTIMES Maputo (MOZTIMES)—According to a statement from the Council of Ministers issued on Tuesday, the Government of Mozambique is...
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Parliament Extends VAT Exemption for Domestic Industry Until End of 2025
- Measure benefits industrial operations in sugar, oil and soap production By MOZTIMES Maputo (MOZTIMES)—Mozambique’s Parliament approved on Wednesday the...
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