January 05
Mozambique: Commercial Banks Reduce Number of ATMs
Mozambican commercial banks have been making life more difficult for their customers by reducing the number of ATMs from which money can be withdrawn. Read more »
December 17, 2023
Mozambique: Debts - Privinvest Presents Closing Arguments
Lawyers for Lebanese billionaire Iskandar Safa and his Privinvest group of companies on Friday at the High Court in London argued that Mozambique had conceived the idea of building… Read more »
September 24, 2023
Mozambique: Bank Keeps Interest Rates Unchanged
The Monetary Policy Committee of the Bank of Mozambique (CPMO), meeting in Maputo on Friday, decided to keep the Bank's main interest rate unchanged. Read more »
August 05, 2023
Mozambique: Bank Returns to Palma Two Years After Militant Attack
Mozambican President Filipe Nyusi on Thursday inaugurated a branch of the Millennium-BIM bank in the town of Palma, in the northern province of Cabo Delgado, two years after a… Read more »
July 26, 2023
Mozambique: Bank of Mozambique Leaves Interest Rates Unchanged
The Monetary Policy Committee of the Bank of Mozambique (CPMO), meeting in Maputo on Wednesday, decided to keep its key interest rate, the MIMO rate, at 17.25 per cent. Read more »
June 22, 2023
Mozambique: Bank Approves Business Development Fund
The Confederation of Mozambican Business Associations (CTA) on Thursday announced that the Bank of Mozambique has approved creation of the Business Development Support Fund (FADE). Read more »
April 11, 2023
Mozambique: World Bank Loan for Access to Finance and Economic Opportunities
The Board of Directors of the World Bank on 31 March approved a US$300 million loan for the Mozambique Access to Finance and Economic Opportunities project. The project will last… Read more »
Mozambique: - 'Things Under Control', Claims Bank of Mozambique
The Bank of Mozambique (BM) has claimed that it is carrying out monitoring in order to understand the evolution of the international financial market, following the bankruptcy of… Read more »
April 04, 2023
Mozambique: Bank Loan for Access to Finance and Economic Opportunities
The Board of Directors of the World Bank on Friday approved a 300 million dollar loan for the Mozambique Access to Finance and Economic Opportunities (or Mais Oportunidades - More… Read more »
March 30, 2023
Mozambique: Bank of Mozambique Holds Interest Rates Steady
The Monetary Policy Committee of the Bank of Mozambique (CPMO), meeting in Maputo on Wednesday, decided to leave the Bank's benchmark interest rate, the Monetary Policy Rate… Read more »
March 24, 2023
Mozambique: Bank Recommends Inclusion of Climate Risk in Land Use Planning
The World Bank has recommended the inclusion of climate risk in land use planning, at a time when Mozambique needs 35 million dollars to build resilience in various sectors… Read more »
January 17, 2023
Mozambique: Mozambican Banks Produce Profits of U.S.$205 Million
The Mozambican banking sector has recorded profits of around 13.1 billion meticais (US$205 million) with an increase of 1.1 billion meticais (28.88 per cent) from foreign exchange… Read more »
November 02, 2022
Mozambique: IMF Praises Government Efforts for Economic Recovery
The International Monetary Fund (IMF) welcomes the efforts being made by Mozambican government to improve people's living standard and stabilise economic and social development… Read more »
September 05, 2022
Mozambique: Agreement to Pay Miners' Wages Via Bank
The Mozambican Labour Ministry of Labour and the South African Mine Labour Recruitment Agency (TEBA) have signed a memorandum of understanding to enable the delayed payment of… Read more »
July 28, 2022
Mozambique: Central Bank Keeps Interest Rates Unchanged
The Bank of Mozambique on 21 July decided to keep its benchmark interest rate unchanged. A statement from the Central Bank's Monetary Policy Committee (CPMO) stated that the… Read more »
July 22, 2022
Mozambique: Bank of Mozambique Keeps Interest Rates Unchanged
The Bank of Mozambique on Thursday decided to keep its benchmark interest rate unchanged. Read more »
Mozambique: Hidden Debts - Credit Suisse Obliged to Compensate Ematum Bondholders
The bank Credit Suisse has admitted that much of the money supposedly intended to create a Mozambican tuna fishing fleet was in fact diverted into bribes and kickbacks and has… Read more »
May 30, 2022
Mozambique: Bank of Mozambique Holds Interest Rates Steady
The Monetary Policy Committee of the Bank of Mozambique (CPMO) meeting in Maputo on 19 May decided to leave the bank's reference interest rate unchanged. Read more »