economy

economy

Mozambique Business Activity Rises with Optimism for 2026

Mozambique Business Activity Rises with Optimism for 2026

What You Need to Know Mozambique's economic activity has shown consistent improvement, with the Purchasing Managers Index (PMI) indicating the best private sector conditions in...
Bank Account Operations Abroad Need Banco de Moçambique Approval

Bank Account Operations Abroad Need Banco de Moçambique Approval

Africa-Press - Mozambique. Foreign exchange legislation establishes that the opening and operation of bank accounts abroad by entities resident in Mozambique are...
Sustained Upturn Boosts Hiring at Mozambican Firms

Sustained Upturn Boosts Hiring at Mozambican Firms

Africa-Press - Mozambique. The Mozambique PMI® signalled the best improvement in private sector conditions for ten months in December, driven by the...
Citi Sees Africa Currency Devaluation Risks Amid Weak Oil

Citi Sees Africa Currency Devaluation Risks Amid Weak Oil

Africa-Press - Mozambique. Citigroup Inc. sees an increased risk of currency devaluations in Africa this year after a relatively stable 2025, as...
Credit to Economy Close to New Record of €3.92B in October

Credit to Economy Close to New Record of €3.92B in October

Africa-Press - Mozambique. The stock of credit to the Mozambican economy increased slightly in October, approaching a new record, reaching 292.635 billion...
Mozambique Public Debt Increases 1.5% to €15.1 Billion

Mozambique Public Debt Increases 1.5% to €15.1 Billion

Africa-Press - Mozambique. Mozambique’s public debt rose by 1.5% in the third quarter of 2025 compared with the previous quarter, reaching a...
Mining Firm Calls for Measures against Illegal Ruby Miners

Mining Firm Calls for Measures against Illegal Ruby Miners

Africa-Press - Mozambique. Montepuez Ruby Mining (MRM) has called on the Mozambican authorities to take “more proactive measures” against those who “finance,...
State revenues €500M below projections in 2025

State revenues €500M below projections in 2025

What You Need to Know Mozambique's government has reported that state revenue for 2025 is expected to be €500 million below projections, totaling approximately €4.629...
Gold prices soar 2.1% amid geopolitical issues

Gold prices soar 2.1% amid geopolitical issues

Africa-Press - Mozambique. The ounce price of gold rose by 2.1% on Monday compared to the last week amid geopolitical issues. The price...
Bank of Mozambique Warns of Fraudulent Financing Schemes

Bank of Mozambique Warns of Fraudulent Financing Schemes

What You Need to Know The Bank of Mozambique has issued a warning regarding the rise of fraudulent financing schemes linked to investment projects and...