Africa > East Africa > Mozambique > Banking / Investment

Banking / Investment in Mozambique

  • Finance Minister of the Year 2016

    NEPAL, 2016/01/10 Finance Minister of the Year 2016 awards celebrate the officials that have best managed to stimulate increase and stabilise their economy. Global and Asia-Pacific Ram Sharan Mahat, former finance minister, Nepal Ram Sharan Mahat receives The Banker’s World and Asia-Pacific Finance Minister of the Year awards for his exemplary work in the aftermath of the two disastrous earthquakes that hit Nepal in 2015 and in pushing for reforms to improve governance in the country’s ministry of finance.
  • US private investment in Mozambique exceeded US$16 billion

    UNITED STATES, 2015/09/29 US private investment in Mozambique exceeded US$16 billion in the completed decade, the deputy minister for Foreign Affairs, Nyeleti Mondlane said Thursday in Maputo, the Mozambican press reported. “So far, 24 projects have been approved that are likely to create about 4 million jobs, involving private investors in the United States, totalling US$16 billion dollars in the oil and gas sector, agriculture, industry, transport, tourism and services,” said the deputy minister for foreign affairs. The level of trade relations is as well encouraging and both nations have recorded increase in trade, with exports of about US$62 million by Mozambique to the United States in 2012 to about US$144 million in 2013, said Mondlane speaking on the 40th anniversary of the establishment of diplomatic relations.
  • President of Portugal says investment in Mozambique is a success story

    MAPUTO CITY, 2015/07/18 Portuguese companies have shown openness to new markets and new partnerships, and Mozambique has been a “appropriate” case, said Thursday in Lisbon the President of Portugal, Aníbal Cavaco Silva. “At a time at the same time as the Portuguese business sector has demonstrated capacity and competitiveness in opening up to new markets and establishing new partnerships, a country like Mozambique justifies, and has deserves appropriate attention,” said Cavaco Silva at a dinner held in honour of the Mozambican President, Filipe Nyusi in the Ajuda Palace in Lisbon.
  • Standard Bank Mozambique finances investments of US$500 million in 2014

    MOZAMBIQUE, 2015/01/22 Standard Bank Mozambique granted credit worth US$500 million for investment in various economic sectors over the completed year, the bank said in a statement sent to Macauhub in Maputo. The telecommunications, construction, agri-industry, manufacturing, mining and infrastructure sectors were the major areas for which the bank granted loans, according to its Director of Corporate and Investment Banking, André du Plessis, cited in the document. Noting some of the biggest investment projects supported, Standard Bank Mozambique referenced the expansion of the Sena railway line in the centre of the country, currently the major vehicle used by mining companies operating in the Moatize district, Tete province, to export coal and with an annual cargo capacity of about six million tons, managed by the Mozambican port and railway company CFM.
  • East Africa: Regional Microfinance Institutions Advised to Apply for Observer Status

    DJIBOUTI CITY, 2015/01/04 Regional microfinance institutions are poised to benefit from regional integration, if they apply for an observer status at the East African community secretariat, Innocent Safari, the permanent secretary, Ministry of East Africa community affairs has said. The advice follows plans by sector players to move towards integrating legal and regulatory frameworks during the recently concluded microfinance CEO's summit in Kigali. During the summit, top micro finance managers resolved to explore ways in which laws, regulations and supervisory frameworks governing the sector can be harmonised to enhance cross-border business.
  • The Monetary Policy Committee of the Bank of Mozambique,

    MOZAMBIQUE, 2014/10/19 The Monetary Policy Committee of the Bank of Mozambique, conference in Maputo on Friday, decided to keep the bank's key interest rates unchanged for at least an extra month. The statement issued by the Committee said that the Standing Lending Facility (the interest rate paid by the commercial banks to the central bank for money borrowed on the Interbank Money Market) will remain at 8.25 %. The Standing Deposit Facility (the rate paid by the central bank to the commercial banks on money they deposit with it) remains at 1.5 %, and the Compulsory Reserves Coefficient - the all of money that the commercial banks must deposit with the Bank of Mozambique - is as well unchanged at eight %.
  • the Investment Promotion Centre (CPI)

    MAPUTO CITY, 2013/08/15 In the next three years Mozambique should receive investments of around US$10 billion, following the approval of 300 projects per year leading to the creation of 172,000 jobs, said the deputy director of the Investment Promotion Centre (CPI), Godinho Alves. Alves made his comments in Nacala during the Planning and Development Ministry’s ninth coordination council. Mozambique offers investment opportunities in various economic areas such as infrastructure network development, agriculture, mineral resources and the property sector, he said. The diversification of investment sources with respect to nations and continents and to activity sectors is one reason why Mozambique is not very exposed to the international crisis, Alves said.
  • Most attractive destinations for investment in Africa

    CAPE VERDE, 2013/04/23 Cape Verde and Mozambique are two of the majority attractive destinations for foreign investment in Africa in 2013, according to a document published in Lille by French consultancy StrategiCo. In the “Risks in Africa 2013” statement  the consultancy noted a “change in perception” of foreign investors in relation to Africa, due to average increase of 4.8 % this year, above the world average of 25 %, according to the IMF.
  • Angola and Mozambique increased foreign direct investment (FDI)

    ANGOLA, 2013/04/03 Angola and Mozambique are amongst the southern African nations that have seen increased foreign direct investment (FDI) following rating of their public deficit by an increasing number of international deficit rating agencies, according to Fitch Ratings.  In a recently published study, the deficit rating agency compared the trajectory of FDI in African nations whose sovereign deficit is rated, (presently a total of 20 compared to 1994 at the same time as only South Africa’s deficit was rated) to those that are not rated by Fitch, Moody´s or Standard & Poor’s.
  • Banco de Moçambique

    MOZAMBIQUE, 2013/01/12 Mozambique’s district banking coverage rate rose from 45.3 % in 2011 to 48.4 % in 2012 with offices or branches opening in four additional of the country’s 128 districts, indicate Banco de Moçambique figures. The central bank data cited by Mozambique’s AIM news agency show that the banking network has been continually expanding. In 2007 the system covered only 28 districts, a number which rose to 58 in 2011 and 62 in 2012.