July 16
Mozambique: IMF Imposes Wage Cuts, Accepts 'Weak Non-Mining Growth' So Mozambique Remains Just Mineral Exporter
The IMF has imposed a major wage freeze, which implies wage cuts over the next three years. In effect, government has agreed that its total wage bill of $3.3bn this year must fall… Read more »
June 26
Mozambique: UK & US Subsidies Take Electric Car Battery Jobs Away From Mozambique
Workers in Vidalia, Louisiana, USA began producing anodes for lithium batteries for electric cars in February, using graphite from Balama, Cabo Delgado, mined by Australian company… Read more »
June 23
Mozambique: Economic Diversification is Essential But is Not Happening, Says ENDE
GDP has been growing at 7% per year for two decades, yet poverty increases. Changing this requires "economic diversification", which is not happening, admits ENDE. In 2022, 75% of… Read more »
Mozambique: Government Admits Huge Rise in Poverty - Mozambicans Who Are Poor Jumped From 46% to 65% in a Decade
The 20-year-development plan approved by the Council of Ministers Tuesday (17 June) admits the past decade has been a disaster. "Lower than expected economic growth resulted in… Read more »
May 12
Mozambique: What About The Gas?
Mozambique's huge off-shore gas field is controlled by two consortia. Area 1 nearest the coast is led by the French TotalEnergies and area 4 further off-shore by the US ExxonMobil,… Read more »
March 07
Mozambique: STAE Sacks Beira Head for "Beira Supervisors" WhatsApp Group
Beira City STAE District Director, Carlos do Rosario, was dismissed for his involvement in the creation of an illicit WhatsApp group, named "Beira Supervisors". Messages from the… Read more »
March 25
Mozambique: Nampula Recorded Breakdowns and Power Cuts
Equipment problems plus power cuts and rain continue across the country. This is a report of Nampula province on the seventh day of voter registration, Thursday 21 March. Nampula… Read more »
March 20
Mozambique: No Electricity And Solar Panels Causing Problems
The brigade at the Correia de Guava Mission, in Marracuene district, Maputo, has been unable to operate since the first day because of the lack of electricity and a non-working… Read more »
October 03, 2023
Mozambique: Govt Wins Massive Debt Cancellation
Mozambique today announced a negotiated deal with the major Swiss Bank UBS. It took over Credit Suisse after CS collapsed under a series of corruption scandals including the… Read more »
April 03, 2023
Mozambique: Credit Suisse and its Backers Pay the Price for Secret Debt and Other Frauds
From 2012 Credit Suisse (CS) bribed senior Mozambicans to take a totally useless $2bn loan, which helped to save the bank - one of the very big global banks and supposedly… Read more »
Mozambique: South Africa Wants to Move Polluting Electricity Generation to Maputo
South Africa wants to put a Turkish Karpowership generator ship, that has been rejected in South Africa on environmental grounds, in Maputo bay instead. Read more »
Mozambique: Two Serious, Very different, and Politically Powerful Bidders to Build Mphanda Nkuwa Dam
Two consortia submitted bids to finance and build the $4.5bm Mphanda Nkuwa dam just downstream from Cahora Bassa on the Zambezi River. Both groups are state companies with… Read more »
Mozambique: World Bank Says Mozambique Climate Emergency Mitigation Will Cost U.S.$5 Billion A Year
Mozambique needs to spend $35.8bn on climate change mitigation measures by 2030, representing 30% of GDP, according to Paulo Correa, leader of the program on climate and… Read more »
February 06, 2023
Mozambique: Oil Company Chief Pressures Govt Over Cabo Delgado
TotalEnergies Patrick Pouyanne on Friday 3 February visited Palma and Mocimba da Praia towns and the Afungi gas site and then met President Filipe Nyusi in Pemba. Pouyanne's… Read more »
December 16, 2022
Mozambique: Poverty and Inequality Rising to 'Dangerous' Levels
Poverty and inequality are rising to a "dangerous" levels, according to a study "The evolution of inequality in Mozambique" published by Wider in December. Most Mozambicans are no… Read more »
December 05, 2022
Mozambique: Thousands of Displaced Returning Home, but Face Problems, Says OMR
The best current pictures of zones of insecurity, areas of return, and motivation for return is given in a 1 November study by Joao Feijó of the OMR (Rural Observatory),… Read more »
Mozambique: Govt Domestic Borrowing Up U.S.$900 Million This Year - a 25% Jump
Due to falling foreign aid and loans, government borrowed an additional $900 mn from local banks and bondholders, reported Bank of Mozambique (BdM) in its quarterly economic report… Read more »
Mozambique: US-China Battle for Cabo Delgado Graphite Continues - With High Profits But Few Jobs
With Chinese money, the Australian Triton Minerals will go ahead with its Ancuabe, Cabo Delgado, graphite mine, it announced on 1 December. In September Shandong Yulong Gold… Read more »
Mozambique: As Rwandan Troops Hit 2500, Total May Accept a Security Zone
TotalEnergies and France seem to be inching toward resuming work on the gas inside a protection zone run by Rwanda, while the war continues elsewhere in Cabo Delgado. TotalEnergies… Read more »
Mozambique: Water Looks OK in Mozambique, But Not in Zimbabwe
Mozambique's main dams are at least half full and Cahora Bassa is 82% full, very good for this time of year, just before the rains. This comes from the daily Boletim Hidrológico… Read more »
Mozambique: Damning Evidence in Secret Debt Trial
There is damning evidence against 10 of the 19 people accused in the $2 bn secret debt trial, but no evidence against 9 lesser figures who had handled money but had no reason to… Read more »
October 10, 2022
Mozambique: Interest Rates Up 2 Percent - Aid Down, Borrowing Up
The base interest rate was raised from 15.25% to 17.25% by the Bank of Mozambique (BdM) on 30 September. The Association of Mozambican Banks (AMB) said it would maintain the prime… Read more »
Mozambique: Graphite Has a Place in the U.S.-China Battle
Africa and Mozambique are part of a growing confrontation between the US and China. Mozambique was one of five African countries invited to the United States convened Minerals… Read more »
Mozambique: Government Promised IMF Big Wage and Staff Cuts
The government promised the IMF big wage and staff cuts in order to gain IMF approval in May of a $456 mn Extended Credit Facility. The total civil service wage bill is to be cut… Read more »