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.
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...
Read moreDetails
LAM Suspends International Flights After USD 21 Million Loss
By Ricardo Dias Maputo (MOZTIMES) – Linhas Aéreas de Moçambique (LAM) has announced the suspension of its intercontinental flights to...
Read moreDetails
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...
Read moreDetails
Delays in Issuing Visas for Foreign Technicians Jeopardise Business in Mozambique
Business owners report 170 pending applications at the National Immigration Directorate since October By Aurélio Muianga Maputo (MOZTIMES)—Mozambican business owners...
Read moreDetails
Minister of Economy Pledges to Establish Development Bank in Mozambique
- Three thousand young entrepreneurs lost their businesses during post-election riots By Aurélio Muianga Maputo (MOZTIMES) – The Mozambican Minister...
Read moreDetails
Iraq Writes Off USD 256 Million of Mozambique’s Debt
- Debt was incurred during Mozambique’s civil war and accumulated over decades By MOZTIMES Maputo, (MOZTIMES) – Mozambique has negotiated...
Read moreDetails
Businesses Demand Guarantee Fund after Losses Caused by Post-Election Riots
By Aurélio Muianga Maputo (MOZTIMES) – Mozambican businesses have warned that the protests and acts of vandalism that occurred after...
Read moreDetails
BCI and Movitel Fined for Violating Anti-Money Laundering and Terrorism Financing Regulations
- A total of nine credit institutions and financial companies have been fined nearly 100 million meticais - Analyst says...
Read moreDetails
Businesses Complain of Foreign Currency Shortage Affecting Payment of Import Bills
- Import companies at risk of closure due to lack of foreign currency - CTA to submit copies of unpaid...
Read moreDetails
Mateus Magala Named Lead Adviser for Economic Affairs as Chapo Finalises Appointments
- Former Attorney General Beatriz Buchili named Presidential Adviser for Legal Affairs - With the latest appointments, Daniel Chapo has...
Read moreDetails
