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As part of the Business Mission to Porto and Lisbon, the delegation of Mozambican businesspeople visited and held a meeting with Green Venture today, in which they announced that they will invest in Mozambique, and are looking for concrete partners to materialize this investment. Green Venture is a p...
Mozambique’s central bank on Wednesday cut its key MIMO interest rate to 15.75% from 16.50%, its second rate cut in a row. The bank’s Monetary Policy Committee said in a statement the decision was based on favorable projections, adding that it was consistent with its goal of consolidating inflation...
Syrah Resources (ASX: SYR) says the signing of a binding offtake agreement with South Korea’s Posco Future M further confirms a move away from Chinese suppliers of battery metals such as active anode material (AAM). Posco Future M (previously Posco Chemical) is a major battery materials business pro...
The country’s Council of Ministers presented the results and impacts of the country’s 2023 economic, social and budget plan relating to last year’s performance showing Mozambique’s economic growth outperforms regional average. Economic growth for 2023 reached 5%, compared to 4.4% in 2022, driven ...
Mozambique’s central bank cut its key interest rate for the first time since the height of the global pandemic in 2020 and signaled that it would continue to ease. The Banco de Moçambique lowered the key rate known by its Portuguese acronym of MIMO to 16.5% from 17.25%. “Conditions have been creat...