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  • Bank of Mozambique reduces reference interest rates by 25 basis points

    The Monetary Policy Committee of Banco de Moçambique has reduced by 25 basis points the country’s three reference interest rates, among them the MIMO rate, which fell to 21.50 percent, the central bank informed in a statement released in Maputo. >>See More

  • BRIC New Development Bank Africa Regional Center officially unveiled

    International Online reported (China International Radio reporter Zhu Wanling): local time on the morning of August 17, the BRIC New Development Bank Africa Regional Center officially unveiled in Johannesburg, South Africa. >>See More

  • Completion of Mozambique’s Maputo/Catembe bridge now set for December

    The completion date of the Maputo/Catembe bridge has once again been pushed back, this time to December, indicate reports in various Mozambican newspapers citing the South Maputo Development Company (Empresa de Desenvolvimento de Maputo Sul). >>See More

  • India’s Mercator Limited group to sell mining licence in Mozambique

    The Indian group Mercator Limited, previously Mercator Lines Limited, aims to earn US$300 million from the sale of coal assets in Mozambique and Indonesia to finance partial acquisition of the state-owned Dredging Corporation of India, reports the Indian newspaper The Economic Times. >>See More

  • South Korea pays for studies on water supply in Mozambique

    South Korea will donate US$700,000 to Mozambique to pay for studies meant to find solutions to improve the water supply for three cities, Xai-Xai, Nampula and Lichinga, respectively the capitals of Gaza, Nampula and Niassa provinces, reports AIM news agency. >>See More

  • Indian consortium considers producing gas from coal mined in Mozambique

    Indian consortium International Coal Ventures Ltd (ICVL) is considering the possibility of transforming coal mined in Benga, in the central Mozambican province of Tete, into methanol to feed gas-fired power plants in India, said the Indian Minister for Steel. >>See More