September 09
Mozambique: Will Criticisms of Venezuela's Election Change How Mozambique's Election is Seen?
Both the United States and European Union have been highly critical of the 28 July Venezuela presidential election. The Venezuela National Electoral Council (Consejo Nacional… Read more »
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 »
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: 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 »
January 11, 2023
Mozambique: Russian Ship Off Beira, as China and Russia Increase Their Presence
The Russian cargo vessel Lady R is currently at anchor off Beira having sailed from the South Africa Naval Base at Simon's Town on 9 December, where it apparently loaded and… Read more »
December 05, 2022
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 »
October 10, 2022
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 »