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Mozambique’s central bank cuts key rate for second meeting in row HOT

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...

GFT | 2024.03.28 | 조회 1007

Mozambique: Syrah signs Balama binding offtake with Posco Future M HOT

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...

GFT | 2024.03.04 | 조회 1105

Mozambique’s economic growth outperforms regional average – Further Africa HOT

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 ...

GFT | 2024.02.14 | 조회 1102

Mozambique cuts interest rates for first time since 2020 HOT

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...

GFT | 2024.02.05 | 조회 1164

Mozambique: Country’s sales of gas to September total $1.177B, double 2022 total HOT

Sales of natural gas by Mozambique in the first nine months of 2023 totalled $1.177 billion (€1.059 billion) , more than double those in the whole of 2022, and approaching those of coal, which continues to be the country’s main export product. According to a detailed report by the Bank of Mozambiqu...

GFT | 2023.12.31 | 조회 1161
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