Mozambique imported $353.9 million (€339.5 million) worth of rice in the first nine months of 2024, more than in the previous four years, according to data from the Bank of Mozambique. According to a ...

An initiative led by the African Development Bank and World Bank is securing big money and political commitments to bring ...

The reference interest rate for credit in Mozambique will remain unchanged in February, at 19%, after four consecutive monthly cuts, the Mozambican Banking Association (AMB) announced today. The rate, ...

More than 40% of the loans granted by BNI and Ecobank were in default at the end of September, and most of Mozambique's institutions also ...

TotalEnergies chief executive was due to convene with Daniel Chapo shortly after early October election, but months of ...

The Monetary Policy Committee of the Bank of Mozambique (CPMO), at a meeting in Maputo on Monday decided to cut its benchmark interest rate, the MIMO rate, by 50 base points.Thus, the MIMO rate fell ...

Mozambique's central bank cut its policy rate for the seventh consecutive meeting on Monday but by a smaller margin, saying inflation was expected to remain in single digits but risks to its forecasts ...

Mozambique's central bank cut its main interest rate by 50 basis points to 12.25% , it said on Monday, the seventh rate cut in a row.

For decades, Mozambicans have experienced a steep decline in the standard of living brought on by decades of neoliberal ...