(Special for CAFS) Mozambique launches 50th independence celebrations with unity flame

MAPUTO, April 7 (Xinhua) -- President of Mozambique Daniel Chapo on Monday presided over the reactivation of the National Unity Flame in Nangade, Cabo Delgado Province, marking the launch of the country's 50th independence anniversary celebrations. The …

Mozambique National Women's Day marked in Maputo

Women pose for photos at Heroes' Square in Maputo, Mozambique, on the occasion of Mozambique National Women's Day, April 7, 2025. (Xinhua/Liu Jie) A woman takes a selfie at Heroes' Square in Maputo, Mozambique, on the occasion of Mozambique …

ADNOC Finalizes Farm-In to Mozambique’s Area 4 LNG Project

ADNOC’s investment subsidiary, XRG, has closed on the acquisition of Galp’s 10% interest in Mozambique’s Area 4 concession in the Rovuma basin—Mozambique Romuva Venture (MRV), led by ExxonMobil and Eni. The acquisition announced in May 2024 gives ADNOC a …

Kenmare could go to court if Mozambique mine contract not renewed

The Irish mining company Kenmare Resources has offered to make a greater contribution to the Mozambican state coffers in order to win an extension to a deal allowing it to carry out certain operations tax free, but has said it reserves the right to sue the …

ETA Star makes Mozambique coal discovery

ETA Star, a conglomerate based in Dubai, and its joint venture partners have discovered coal reserves in Mozambique as the company diversifies its investments away from property. Are you the strongest link? Business Quiz 2011 Do you have your finger on the …

Mozambique central bank raises forex conversion requirement amid currency shortage

MAPUTO, April 4 (Xinhua) -- The Bank of Mozambique has introduced a set of new regulatory measures aimed at increasing flexibility in foreign exchange and credit management amid the country's ongoing economic challenges. The central bank announced on …

Bank of Mozambique increases percentage of foreign currency to be converted

Maputo, 4 Apr (AIM) – The Bank of Mozambique, in its role as regulator of the national financial system, has decided to increase the amount of foreign currency revenue that exporting companies must convert into national currency from 30 to 50 per cent. The …

Mozambique Approves Historic Peace Law Amid Political Tensions

Trump imposes 16 per cent tariff on Mozambique

Maputo, 3 Apr (AIM) – US President Donald Trump on Wednesday imposed a general 16 per cent tariff on imports from Mozambique. The the baseline tariff charged by Trump is 10 per cent: all nations will be subjected to a tariff of at least ten per cent, but …

Dollar Shortage Threatens Bread and Fuel Supplies in Mozambique

(Bloomberg) — A foreign-exchange shortfall in Mozambique is already hitting fuel supplies and risks causing a scarcity of bread as well.Article content Local businesses have complained for months about a lack of dollars for imports to the gas-rich …