Public mural by Naguib Elias Abdula
29 August, 2016      00:21 GMT +2 Maputo
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2016 / 08 / 26
Mozambique firms struggling to repay loans
Successive increases in benchmark interest rates decided by the Bank of Mozambique are leading some companies having difficulties in repaying their loans, according to independent newspaper Mediafax. Since October 2015 the central bank has been raising interest rates to contain inflationary pressur...
2016 / 08 / 25
Companhia do Sena, a sugar company based in Marromeu district, in the Mozambican central province of Sofala, will start planting stevia (Stevia rebaudiana) to complement sugarcane, the company’s managers said. The officials told the President of Mozambique, who was visiting the district as part o...
Companhia do Sena plants stevia in Mozambique to increase sugar production
2016 / 08 / 25
Norwegian company Green Resources will start producing pulp in Mozambique from 2018 in order to feed the paper industry, Arlito Cuco, a company official, told daily newspaper Notícias. Green Resources, along with Florestas do Niassa, explores 24,000 hectares in the districts of Chimbonila, Majune,...
2016 / 08 / 24
Mozambican companies can start paying their Chinese suppliers through their banks in China following the introduction of a new CNH clearing service launched by the Société Générale Moçambique, the bank said in a statement sent to macauhub. The CNH, or offshore yuan, is the international code f...
Mozambican companies may pay their Chinese suppliers directly in renminbi
2016 / 08 / 24
Institutional frailty, strong currency devaluation and a drop in foreign reserves have increase the credit risk of Mozambique, said credit rating agency Moody’s in an annual report published on Tuesday. The report warns that Mozambique is facing “several short term challenges,” mainly ...
2016 / 08 / 23
The rail connection between the cities of Cuamba and Lichinga,in Mozambique’s Niassa province, will resume in November after a break of six years because of the poor state of repair of the track, Mozambican daily newspaper Notícias reported. The date was given by the manager of the project to re...
Rail link between Cuamba and Lichinga, Mozambique, resumes in November