ETA Star makes Mozambique coal discovery

ETA Star, a conglomerate based in Dubai, and its joint venture partners have discovered coal reserves in Mozambique as the company diversifies its investments away from property. Are you the strongest link? Business Quiz 2011 Do you have your finger on the …

Mozambique central bank raises forex conversion requirement amid currency shortage

MAPUTO, April 4 (Xinhua) -- The Bank of Mozambique has introduced a set of new regulatory measures aimed at increasing flexibility in foreign exchange and credit management amid the country's ongoing economic challenges. The central bank announced on …

Kenmare could go to court if Mozambique mine contract not renewed

The Irish mining company Kenmare Resources has offered to make a greater contribution to the Mozambican state coffers in order to win an extension to a deal allowing it to carry out certain operations tax free, but has said it reserves the right to sue the …

Bank of Mozambique increases percentage of foreign currency to be converted

Maputo, 4 Apr (AIM) – The Bank of Mozambique, in its role as regulator of the national financial system, has decided to increase the amount of foreign currency revenue that exporting companies must convert into national currency from 30 to 50 per cent. The …

Mozambique Approves Historic Peace Law Amid Political Tensions

Trump imposes 16 per cent tariff on Mozambique

Maputo, 3 Apr (AIM) – US President Donald Trump on Wednesday imposed a general 16 per cent tariff on imports from Mozambique. The the baseline tariff charged by Trump is 10 per cent: all nations will be subjected to a tariff of at least ten per cent, but …

Dollar Shortage Threatens Bread and Fuel Supplies in Mozambique

(Bloomberg) — A foreign-exchange shortfall in Mozambique is already hitting fuel supplies and risks causing a scarcity of bread as well.Article content Local businesses have complained for months about a lack of dollars for imports to the gas-rich …

Mozambique: Chinese group building 6,000 flat condominium in Maputo outskirts

A Chinese group is building a condominium with 6,000 flats on the outskirts of Maputo, a housing project for young people launched on Wednesday by the Mozambican president, valued at US$2, billion (€1,850 million). Located next to the Costa do Sol …

Mozambique's parliament approves landmark law to restore peace

Mozambique’s parliament has unanimously approved a new law aimed at fostering national dialogue and political reconciliation, marking a significant step toward restoring stability in the country. The legislation, which includes constitutional revisions and …

UK diplomat claims massive increase in trade with Mozambique

Maputo, 2 Apr (AIM) – The British High Commissioner to Mozambique, Helen Lewis, claimed on Tuesday that trade between Mozambique and the United Kingdom had risen by 115 per cent between 2023 and 2024. The figure seems impossible, since it would mean that …