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.
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...
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Mozambique 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...
Read moreDetailsPublic Spending and Budget Deficit Cut in 2025 State Budget
– Economist Constantino Marrengula warns of risk to social sectors By Noémia Mendes Maputo (MOZTIMES) – The Economic and Social Plan and...
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TWIGG Uses Police Force to Resume Graphite Mining in Balama
- Local farmers and traditional leader detained by police to enable mining operations to restart By Noémia Mendes Maputo (MOZTIMES)...
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Funding Allocated to Provinces Extracting Natural Resources Drops by 38%
– Budget cut poses a serious challenge to community development, says expert By Noémia Mendes Maputo (MOZTIMES) - The Government...
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Negotiation of New Mega Project Contracts Must Be More Transparent, Says Expert
- Kenmare, Sasol and MOZAL among companies negotiating contract renewals - President Chapo says new mega project contracts must bring...
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IOM and Government of Japan Fund Community and Border Security in Cabo Delgado
- Abudo Garufo, a human rights activist in Cabo Delgado, says that much of the funding does not reach the...
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