Turkey leading Foreign Direct Investor
Mozambique received US$ 193.1 million in foreign direct investment (FDI) in the first half of 2018, with Turkey, with more than US$ 70 million, leading the list of the 10 …
Mozambique
Further Depreciation of Metical seems likely
The BMI Research consultancy said yesterday that it expected Mozambique’s national currency to depreciate in the medium term, to 64 meticais to the US dollar this year and 72 meticais …
Government forecasts Economic Growth of 5.5%
The Mozambican government’s Economic and Social Plan for 2017, introduced by Prime Minister Carlos Agostinho do Rosario in the country’s parliament, the Assembly of the Republic, now envisages an annual …
First Gas Sale Agreement signed with BP
Mozambique’s state-owned oil company ENH said on Tuesday it had signed a sales agreement with BP for the sale of liquefied natural gas (LNG) from the South Coral field. Italian …
Pilot Hotel Development will offer 200 Rooms
The Southern African Development Agency (www.sadea.org) in partnership with the German based hotel and real estate consultants Lindner Hotels Real Estate GmbH (www.lhre.de) and the German development finance institution DEG …
IMF confirms stable Growth Path
Mozambique is on a strong growth path helped by robust investments, the International Monetary Fund (IMF) said today. The IMF, which completed a review of the country’s economic performance last …
Foreign Direct Investment – A Comment on Reality
As public officials celebrate predictions of another above-average year of growth for the Mozambican economy, despite disappointments in social development and poverty reduction and delays in LNG project development, one …
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100 MW Gas Power Plant at SA Border nears Completion
While South Africa’s Power Station Building Sites are still under strike and delayed by almost five years, neighbour Mocambique shows how it is done: Great progress is being made with …
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Inauguration of President Felipe Nyusi
In last October’s presidential and legislative election, the fifth round of democratic elections to be held in the country since they first took place in 1994, Mozambicans voted Filipe Nyusi …
FRELIMO wins Elections – RENAMO rejects results as fraud and MDM under 10%
RENAMO, Mozambique’s main opposition movement, has rejected provisional results showing the ruling FRELIMO party won Wednesday’s presidential and parliamentary elections, saying they were flawed by fraud and demanding a fresh …
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