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Mozambique
24 March 2020

ExxonMobil postpones final decision on investment in gas project in Mozambique
The ExxonMobil group is expected to postpone approval of its natural gas project in the Rovuma basin, northern Mozambique, due to the effects of the new coronavirus and the current scenario on international markets, the Reuters news agency reported citing a variety of sources.
24 March 2020

African countries face Covid-19 in debt crisis, study warns
As the impact of the Covid-19 economic crisis begins to be felt in Africa, many poor countries are already suffering from a debt crisis, a research study by the Jubilee Debt Campaign (JDC) shows.
23 March 2020

Mozambique responds to Covid-19 with tough restrictions and pumping money into the banking system
Mozambique confirmed on Sunday it´s first Covid-19 case, after the Government announced tough new restrictions to stem the pandemia´s propagation in the country.
20 March 2020

EIU lowers Mozambique’s economic growth forecast for 2020
The Covid-19 outbreak led the Economist Intelligence Unit (EIU) to cut four-tenths of a percentage point, from 4.2% to 3.8%, Mozambique’s economy growth forecast for 2020, according to the latest report on the country.
19 March 2020

Covid-19 could cost African oil exporters USD 65 billion
The Covid-19 pandemic is taking a severe impact in the economies of China, Africa’s major trading partner, and also Europe and North America.
13 March 2020

Importance of trade with China exposes Mozambique to impact of Covid-19
The Bank of Mozambique conducted an assessment of potential damages to Mozambique economy of the impact of COVID-19, and the prospects are worrisome.
03 March 2020

China’s successful experience in agriculture in Mozambique demonstrates importance of partnerships and “patience”
Public-private partnerships and “patience” essential ingredients for projects involving partners from China in Mozambique.
13 February 2020

China strengthens its position as the largest bilateral creditor of Mozambique
China continues to strengthen its position as the largest bilateral creditor of Mozambique and is expected to continue as such in the coming years, due to new credits being negotiated by the governments of the two countries, according to official figures.
06 February 2020

Added costs for LNG projects in Mozambique, as security worsens
Despite multiple attempts by the Mozambique government to defeat the Islamist insurgency in Cabo Delgado province, security conditions have continued to worsen, with ISIS now claiming to have inflicted casualties among the military and seized armoured vehicles.
23 January 2020

Mozambique debt restructuring improves investors mood
Economy and Finance Minister Adriano Maleiane remains in office and will likely carry on with restructuring the country’s debt, particularly the US$2 billion ‘hidden debt’ deemed unconstitutional and illegal under Mozambique law.
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