Nation Downgraded Over Secret Loans
[AIM] Maputo -The Fitch ratings agency on Monday downgraded Mozambique's long-term foreign and local currency Issuer Default Ratings (IDRs) to 'CC' from 'CCC'.
Assembly Plenary to Debate Debt in June
[AIM] Maputo -The Mozambican parliament, the Assembly of the Republic, will meet in a two day extraordinary sitting next month to debate the country's public debt, which stood, at the end of 2015, at 11.64 billion US dollars.
IMF Head Says Govt 'Clearly Concealing Corruption'
[Mozambique News Reports & Clippings] In a little noticed interview last week on the BBC radio programme Woman's Hour, IMF Managing Director Christine Lagarde said that in keeping loans secret, the Mozambique government is "clearly concealing corruption." Thus Lagarde said on the record what donors and lenders have so far only been willing to say in private: that some money from the secret loans has been used corruptly. It also makes clear that the IMF team visiting next month will no longer simply accept statements from the government, and wi
Nyusi Invites Botswana Businesses to Invest
[AIM] Maputo -Mozambican President Filipe Nyusi on Monday night invited Botswana business people to invest in "anchor projects" in Mozambique, such as the development road and rail corridors, the exploitation of mineral resources and others which have a direct impact on economic growth.
Mozambique and Vietnam Strengthen Transport Cooperation
[AIM] London -Mozambique and Vietnam on Monday agreed to strengthen cooperation in the transport sector.
Macuane Attack - Further Details and Reactions
[AIM] Maputo -24 hours after prominent Mozambican academic and political commentator Jose Jaime Macuane was abducted and maimed, his assailants remain at large and the police apparently have no clues as to their identity.
Agents of Crime Must Be Held Responsible for Their Acts
[AIM] Maputo -Mozambique's Attorney-General, Beatriz Buchili, on Monday declared it was time for prosecutors "to strengthen our courage and give confidence to our people that any agent of crime, no matter who he is, shall be held responsible".
Government-Renamo Commission Will Meet On Wednesday
[AIM] Maputo -Mozambican President Filipe Nyusi has called for Wednesday the first meeting of the teams from the government and the rebel movement Renamo that will prepared the first face to face meeting between Nyusi and Renamo leader Afonso Dhlakama since February 2015.
Prominent Political Analyst Shot
[AIM] Maputo -Unidentified assailants on Monday morning shot and seriously injured a prominent Mozambican academic and political commentator, Jose Jaime Macuane.
Mozambican Rubies to Be Auctioned in Singapore in June
[AIM] Maputo -Mozambican rubies are to be auctioned in Singapore in June by the British company Gemfields.
Khama in Mozambique
[Botswana Daily News] Maputo -President Lt Gen. Dr Seretse Khama Ian Khama arrived in Maputo, Mozambique yesterday on a three day state visit.
Ematum Fishing Boats Cannot Export to Europe
[AIM] Maputo -Not only did the state company EMATUM (Mozambique Tuna Company) borrow hundreds of millions of dollars on the European bond market to purchase a brand new fleet of fishing boats, but it now turns out that the boats are not fit for purpose.
Prime Minister Attending ADB Annual Meeting in Lusaka
[AIM] Maputo -Mozambican Prime Minister Carlos Agostinho do Rosario is representing Mozambique at the annual meeting of the African Development Bank (ADB) in Lusaka. The meeting runs until Friday in the Zambian capital under the theme "Energy and Climate Change".
Autogas to Open Three More Filling Stations
[AIM] Maputo -Autogas, the company which sells compressed natural gas for use as a vehicle fuel, has announced that it is building three more filling stations in southern Mozambique. The stations will be located in Ressano Garcia, Marracuene and the city of Matola.
IMF Mission to Visit Mozambique in June
[AIM] London -The International Monetary Fund (IMF) has rescheduled the mission to Mozambique that was cancelled when undisclosed government-guaranteed debt came to light in April.
Khama Visits Mozambique
[Botswana Daily News] Gaborone -President Lt Gen. Dr Seretse Khama Ian Khama will undertake a three-day state visit to Mozambique from May 23 to 25 at the invitation of president of Mozambique, Mr Felipe Jacinto Nyusi.
Electricity Network Extension to Support Revival of Rubber Production
[AIM] Maputo -The Mozambican government will submit a proposal by the end of June to the Indian government seeking funds for the extension of the electricity network in the centre of the country to support the revival of rubber production.
Prime Minister Challenges Petromoc to Back Natural Gas
[AIM] Maputo -Mozambican Prime Minister Carlos Agostinho do Rosario on Friday challenged the publicly owned fuel company, Petromoc, to take the lead in supplying the domestic fuel market.
No Change in Central Bank Interest Rates
[AIM] Maputo -The Bank of Mozambique has decided to maintain key interest rates over the next month.
President Inaugurates Bridge Over Luco River
[AIM] Chiure -Mozambican President Filipe Nyusi on Friday inaugurated a bridge over the Luco River in the northern province of Cabo Delgado.