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Mozambique
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.
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.
Angola
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.
Angola
18 March 2020

Legal alert: Stricter bank regulations under new anti-money laundering law
Angola’s new law against money laundering, a long-time demand of the International Monetary Fund (IMF) and banking regulators, has finally come into force. Both financial and non-financial institutions are subject to stricter regulations, from now on.
Angola
16 March 2020

Analysis: Angolan economy set for Covid-19 blow
The Covid-19 pandemic is having a severe impact on the global economy, from aviation and tourism to car sales. With its economy still reliant on oil exports, Angola's expectations to end a 4-year recession in 2020 are now fading away.
Angola
10 March 2020

Fitch Ratings lowers risk rating for Angola to  “B-“
Fitch Ratings has lowered its risk rating on Angola to "B-", reflecting the impact of lower oil production and prices and the consequent devaluation of the national currency, the kwanza.
Angola
04 March 2020

Angola Legal Flash: New rules for foreign exchange operations by foreign residents
The National Bank of Angola (BNA) Notice no. 15/19, published 30 December 2019, defines new procedures for foreign exchange operations carried out by non-residents.
Angola
26 February 2020

Chinese ambassador in Luanda defends Chinese cooperation model from US criticism
With the US-China rivalry in African business reaching new heights, Angola has found itself at the centre of the economic diplomacy dispute.
Mozambique
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.
Mozambique
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.
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