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.
Chapo Addresses World Bank Forum on Fragilities
By Paul Fauvet Maputo (MOZTIMES) - Mozambican President Daniel Chapo on Monday declared that peace and investment are the two fundamental...
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Mozambican Companies Urged to Play Key Role in Natural Gas Value Chain
By MOZTIMES Maputo (MOZTIMES) – The Mozambican Minister of Mineral Resources and Energy, Estêvão Pale, has called on Mozambican companies...
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Minister of Economy wants Mozambique to Become Reference Point for Tourism
By Paul Fauvet Nampula (MOZTIMES) - The Mozambican Minister of the Economy, Basilio Muhate, on Wednesday declared that Mozambique should...
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Mozambique Courts South Korean Investment
By MOZTIMES Maputo (MOZTIMES) - Mozambique is seeking to deepen economic cooperation with South Korea by promoting investment opportunities in...
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Repairs to Sabotaged Massingir Dam Will Cost Six Million Meticais
By Paul Fauvet Maputo (MOZTIMES) – Repairs to the sabotaged Massingir dam, in the southern Mozambican province of Gaza, will...
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Mozambican Government Will Use 200 Million Meticais to Rebuild Gaza Irrigation Schemes
By Paul Fauvet Maputo (MOZTIMES) – The Mozambican government intends to use 200 million meticais (3.1 million US dollars, at...
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Government in Dispute with TotalEnergies Over Payment of Costs
By MOZTIMES Maputo (MOZTIMES) – The Mozambican government has opened a formal dispute with the French oil and gas company,...
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Moçambique Launches Reforms to Cut Red Tape
By MOZTIMES Maputo (MOZTIMES) – The Mozambican government has approved a package of economic and administrative reforms, intended to cut red...
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Mozambique Raises State Spending as IMF Loan Remains Uncertain
- Budget amendments come amid a severe public liquidity crisis - Without a new IMF programme, the government will rely...
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No More Cuts in Interest Rates, Says Bank of Mozambique
By Paul Fauvet Maputo (MOZTIMES) – The Bank of Mozambique’s Monetary Policy Committee (CPMO), meeting in Maputo on Monday, decided...
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