Brazilian Aircraft Firm Accused of Bribing Govt Officials
[AIM] US Assistant Attorney General Leslie R. Caldwell announced on Monday that the Brazilian aircraft manufacturer Embraer has agreed to pay a penalty of more than 107 million US dollars in connection with schemes involving the bribery of government officials in Mozambique, the Dominican Republic, and Saudi Arabia, and to pay millions more in falsely recorded payments in India via a sham agency agreement.
Government Says Debt Unsustainable
[Mozambique News Reports & Clippings] In a presentation to creditors released today, the government says that Mozambique's debt "is not sustainable" and full payments cannot be made until there are gas revenues after 2021. Furthermore "external debt exceeds all the IMF thresholds" which means that in IMF terms, "Mozambique is in 'debt distress'." It adds that "IMF discussions can only resume if Mozambique is no longer in 'debt distress' category" which means first renegotiating debt with other creditors, hopefully within two months.
Mozambique Will Not Destabilise Rwanda, Pledges Nyusi
[AIM] Maputo -Mozambican President Filipe Nyusi on Monday promised his Rwandan counterpart, Paul Kagame, that Mozambique will not allow its territory to be used for acts of destabilisation against Rwanda.
New Minimum Cotton Prices
[AIM] Maputo -Mozambican cotton producers and buyers have fixed new minimum prices for raw cotton that are 38 per cent higher than those practiced in the 2016 cotton marketing season, which is now reaching its end.
Three Dead in Storm
[AIM] Maputo -Three people died in Maputo on Monday night, and a further ten were injured, when a major electrical storm hit the city.
Resources Should Benefit Future Generations
[AIM] Maputo -Mozambique's newly appointed Minister of Mineral Resources and Energy, Leticia Klemens, on Monday said that one of the greatest challenges she faces is to ensure that the country's natural resources can benefit all Mozambicans, including future generations.
Renamo Attacks Convoy in Manica
[AIM] Maputo -Gunmen of the Mozambican rebel movement Renamo on Friday killed one person and seriously injured another in an attack against a convoy of vehicles in the central province of Manica.
Govt Bans Mozambique's Frozy Drink Over Health Concerns
[Nyasa Times] Malawi Bureau of Standards (MBS) has banned the importation and selling of Mozambican produced Frozy drinks for failing to meet required Malawi Standards.
Banana Plants From Mozambique Banned
[Daily News] Arusha -Tanzania┬áhas banned the importation of banana plants from Mozambique following the outbreak of the strange, 'Panama Disease,' which is taking toll on the plants in the southern parts of the continent.
Leticia da Silva Klemens Named Minister of Mineral Resources and Energy
[Mozambique News Reports & Clippings] Leticia da Silva Klemens, with no experience in government or of minerals, was controversially named Minister of Mineral Resources and Energy last week, replacing the highly respected Pedro Couto, sacked in September. She was chair of the general meeting of the country's largest commercial bank, the Millennium-BIM, and chair of the Association of Mozambican Businesswomen (FEMME). In swearing in Klemens, President Filipe Nyusi tacitly recognised her inexperience, arguing that "due to the complex
Kagame Visits Mozambique to Strengthen Ties
[New Times] President Paul Kagame, yesterday, arrived in Maputo, Mozambique, for a two-day State visit and was received by his host President Filipe Nyusi.
Gas Industrialisation Proposal Deadline Extended
[Mozambique News Reports Clippings] A call for proposals to use the Rovuma Basin gas to produce diesel fuel, fertilizer and electricity starting in 2022 had had its deadline extended for a month, to 17 November. The National Petroleum Institute (Instituto Nacional de Petroleo, INP) issued this first call for proposals for domestic industrial use of gas in August. But INP is offering very little gas, 100-400 million cubic feet per day (using 1-4 tcf of reserves).
Interest Rates Up 6% as Inflation is Set to Jump
[Mozambique News Reports & Clippings] The new governor of the Bank of Mozambique (BdM), Rogerio Zandamela, on Friday night pushed up interest rates by 6% and imposed further restrictions on commercial banks. He said that with inflation now over 25%, the interest rate was effectively negative in real terms. Zandamela predicted that inflation will exceed 30% by the end of the year.
Govt and Anadarko Claim Advances
[AIM] Maputo -The Mozambican government and the American company Anadarko said on Friday that advances have been made in implementing Anadarko's plans to set up a liquefied natural gas (LNG) plant in the northern province of Cabo Delgado.
Heroin Seized On South Africa/Mozambique Border
[AIM] Maputo -The South African Revenue Service (SARS) on Friday seized 26.6 kilos of heroin from a vehicle inspected on the South African side of the Lebombo/Ressano Garcia border post with Mozambique.
Nyusi Inaugurates Attorney's Premises in Pemba
[AIM] Maputo -Mozambican President Filipe Nyusi said on Friday that expanding the institutions of the administration of justice is a measure which seeks not only to improve their performance, but also to shorten the distance citizens need to travel to seek redress for injustices they may have suffered.
Central Bank Annnounces Massive Increase in Interest Rates
[AIM] Maputo -The Bank of Mozambique on Friday night announced a massive hike in its benchmark interest rates, as it struggles to bring inflation under control, and mop up excess liquidity.
Ombudsman Paints Grim Picture of Mozambican Prisons
[AIM] Maputo -Mozambican jails and police cells are a threat to the lives and health of those held prisoner there - that is a clear warning from the annual report from the country's ombudsman, Jose Abudo, given on Thursday to the Mozambican parliament, the Assembly of the Republic.
Southern Africa Remembers Samora Machel - 30 years later
[SANF] The first president of Mozambique - Samora Moises Machel -- is a symbol of freedom, not only in his country but the rest of southern Africa.
Police Confirms Capture of Renamo Bases
[AIM] Maputo -The General Command of the Mozambican police on Tuesday confirmed the dismantling of two bases of the Renamo rebels in the central province of Zambezia (in Mocuba district) and the northern province of Nampula (Morrupula district).