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Mozambique
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.
09 January 2020

Japan pushes forward with agricultural project despite continued embarrassment
Japan’s ProSavana in northern Mozambique has come under increased scrutiny, but they are still pushing forward with the Nacala Economic Corridor Development Programme.
19 December 2019

China awaits Mozambican LNG
Both of Mozambique’s giant onshore LNG projects have taken big steps towards development. One has completed its purchase of a large stake in Mozambique LNG, while the other project moves closer to its ambition of overseeing the commercial development of gas reserves in the Rovuma Basin.
13 December 2019

Conflicts start to weigh on Mozambique’s economy
The Mozambican economy has continued to lose steam during the year, owing to the fall in commodities prices in international markets. Conflicts in the north also weigh heavily on business activity, bringing up inflation, an effect that is expected to carry into 2020.
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