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.
Mozambique Airlines Shares to be Sold to Three Public Companies
By MOZTIMES Maputo (MOZTIMES)—The government announced on Tuesday that it will sell 91% of the shares in Mozambique Airlines (LAM) to three...
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US to Continue Financing Mozambique’s HIV/AIDS Programme, Says Health Minister
By Ricardo Dias Maputo (MOZTIMES)— Mozambique will continue to receive grants from the US government for programmes against HIV/AIDS, Health...
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State Revenue Dropped in 2024 Due to Post-Election Crisis
- Government to pay half of the “13th month” in February By Ricardo Dias Maputo (MOZTIMES) – Mozambique’s state revenue...
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Meeting Between TotalEnergies CEO and President Chapo Highlights Commitment to LNG Project in Cabo Delgado, Says Researcher
- CIP researcher predicts project resumption could take longer due to the need for contractual adjustments between the parties -...
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Mozambican Businesses Uncomfortable with Bank of Mozambique Measures
- The CTA was expecting incentives for the commercial banks for the temporary suspension of loan payments by their clients...
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Post-Election Crisis Increases Inflation in Mozambique
- Bank of Mozambique predicts negative economic growth in the first quarter of 2025 - Interest rate reduced by 0.5%...
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Hidroeléctrica de Cahora Bassa forecasts paying 292 million dollars to the state in 2025
- Record profits of 225 million dollars are forecast - By the end of the current rainy season, water levels...
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Industry Collapsing: Business People Sue the State for Enormous Losses
- Post-election violence throws 12,000 people out of work, and causes unprecedented losses By Aurélio Muianga and Ricardo Dias Maputo...
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Gemfields Mine in Northern Mozambique Closes Due to Post-Election Violence
- Workers have been sent home, with only essential services remaining operational until a political agreement is reached - The...
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Rioters Destroy and Steal in Maputo Banks
By Noemia Mendes Maputo ( MOZTIMES) - Rioters have destroyed the strongbox and stolen money from a branch of the...
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