economy

economy

Public Debt Reaches 17.1 Billion Dollars

Public Debt Reaches 17.1 Billion Dollars

Africa-Press - Mozambique. Mozambique’s public debt rose by 2.16 per cent in 2025, reaching 17.1 billion US dollars. According to the Debt Management...
Bank Savings Hit Six-Month High in January

Bank Savings Hit Six-Month High in January

Africa-Press - Mozambique. Mozambican savings in term deposits reached a six-month high in January, totalling 304.5 billion meticais (over €4.13 billion), according...
Budget Review May Be Necessary If Gulf War Escalates

Budget Review May Be Necessary If Gulf War Escalates

What You Need to Know Mozambique's Finance Minister Carla Loveira indicated that the country may need to review its budget if the Gulf War escalates,...
Gold Extends Losses Amid Hawkish Global Market Shift

Gold Extends Losses Amid Hawkish Global Market Shift

Africa-Press - Mozambique. Gold fell more than 2% per ounce on Monday as escalating military tensions in the Middle East fueled inflation...
Turbulence in fuel markets hitting African airlines hard

Turbulence in fuel markets hitting African airlines hard

What You Need to Know African airlines are grappling with soaring jet fuel prices, primarily due to the US-Israel conflict affecting oil supply routes. With...
China's Zero-Tariff Policy and African Economic Growth

China’s Zero-Tariff Policy and African Economic Growth

What You Need to Know Starting May 1, 2026, China will implement a zero-tariff policy for 53 African countries, significantly enhancing trade relations. This initiative...
Commercial Bank Reserves Drop 13% in January

Commercial Bank Reserves Drop 13% in January

What You Need to Know Mandatory reserves held by Mozambican banks fell by 13% in January 2025, reaching 225.3 billion meticais. This decline follows a...
Limpopo Rail Line Reopening Delayed by a Month

Limpopo Rail Line Reopening Delayed by a Month

What You Need to Know Mozambique Railways (CFM) has announced a delay in the reopening of the Limpopo rail line until April 15, due to...
Gold Prices See Biggest Weekly Drop since 1983

Gold Prices See Biggest Weekly Drop since 1983

Africa-Press - Mozambique. The price of gold saw the biggest weekly drop since 1983, decreasing more than 10% to below $4,500 threshold...
UK to reduce direct bilateral aid funding

UK to reduce direct bilateral aid funding

What You Need to Know The UK government has announced a significant reduction in direct bilateral aid funding to countries like Mozambique. This decision is...