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News

Mozambique
clubofmozambique.com > news > oil-prices-up-over-3-following-new-strikes-on-saudi-strait-of-hormuz

Oil prices up over 3% following new strikes on Saudi, Strait of Hormuz

9+ hour, 5+ min ago   (384+ words) Oil prices rose ‌more than 3% on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline. Brent crude futures rose $3.21, or 3.1%, to…...

Mozambique
clubofmozambique.com > news > mozambique-business-leaders-expect-central-bank-solutions-for-exchange-rate-stability-from-central-bank

Mozambique: Business leaders expect central bank solutions for exchange-rate stability from central bank

3+ day, 5+ hour ago   (379+ words) “For the private sector, one of the major challenges will be to find a balance between the need for macroeconomic, exchange-rate and monetary stability and the need to ensure conditions to finance production, investment and employment,” said the president of…...

Mozambique
clubofmozambique.com > news > mozambique-gaza-investment-conference-launched-as-province-emerges-as-new-frontier-of-opportunities

Mozambique: Gaza investment conference launched as province emerges as new frontier of opportunities

3+ day, 3+ hour ago   (337+ words) In her launch speech, Finance Minister Carla Loveira highlighted Gaza province as the nation’s breadbasket, with the two largest irrigation schemes in sub-Saharan Africa located in the Limpopo Valley, as well as unparalleled agro-industrial and tourism potential. Loveira announced measures…...

Mozambique
clubofmozambique.com > news > mozambique-cta-business-robustness-index-rises-by-just-one-point-despite-macroeconomic-improvement

Mozambique: CTA Business Robustness Index rises by just one point despite macroeconomic improvement

3+ day, 8+ hour ago   (1231+ words) The performance of Mozambican companies recorded a marginal recovery in the second quarter of 2026, with the Business Robustness Index rising from 26% to 27%, according to data presented by the Confederation of Economic Associations of Mozambique (CTA). The one-percentage-point increase occurred during…...

Mozambique
clubofmozambique.com > news > mozambique-finances-260-agribusiness-projects-with-e4m-in-h1

Mozambique finances 260 agribusiness projects with €4M in H1

4+ day, 5+ hour ago   (464+ words) According to first-half budget execution data compiled by Lusa on Thursday, the 260 projects were supported through the Innovative Agribusiness Financing Facility (FINOVA), with a total amount of 297.8 million meticais (€4 million). READ: Germany injects €45.5 million into FINOVA to boost Mozambique’s agribusiness…...

Mozambique
clubofmozambique.com > news > imf-says-angola-needs-fiscal-consolidation-to-sustain-economic-stability

IMF says Angola needs fiscal consolidation to sustain economic stability

4+ day, 8+ hour ago   (79+ words) CLUB OF MOZAMBIQUE IMF says Angola needs fiscal consolidation to sustain economic stability An IMF staff team led ​by Mika Saito held ​discussions in Luanda and virtually from August ⁠24 to September 9 as part of Angola’s Post-Financing Assessment, the fund ​said…...

Mozambique
clubofmozambique.com > news > mozambique-telecom-customer-complaints-jump-43-9-in-2025

Mozambique: Telecom customer complaints jump 43.9% in 2025

5+ day, 45+ min ago   (108+ words) clubofmozambique.com Mozambique: Telecom customer complaints jump 43.9% in 2025 Most complaints were related to service quality, particularly among mobile operators and subscription television providers, which together accounted for more than 90% of all complaints. According to the Consumer Protection Report on Communications…...

Mozambique
clubofmozambique.com > news > moodys-sees-ongoing-surge-in-africas-private-credit-market

Moody's sees ongoing surge in Africa's private credit market

5+ day, 2+ hour ago   (226+ words) The continent’s ‌private credit industry remains small but has grown rapidly in recent years, with assets under management rising to $5.6 billion at the end of 2025 from $1.8 billion in ​2020, according to the report. Moody’s said demand would continue to ​be supported…...

Mozambique
clubofmozambique.com > news > five-largest-mozambican-banks-post-profits-of-almost-e600000-a-day-in-h1-lusa

Five largest Mozambican banks post profits of almost €600,000 a day in H1 — Lusa

5+ day, 5+ hour ago   (474+ words) Banco Comercial e de Investimentos (BCI), the country’s largest bank, with 2.5 million customers, accounted for the largest share of the results, with consolidated profits of 3,344 million meticais (€45 million) during the period. It was followed by Standard Bank Mozambique, with profits…...

Mozambique
clubofmozambique.com > news > south-african-economy-shrinks-in-second-quarter-dragged-down-by-iran-war

South African economy shrinks in second quarter, dragged down by Iran war

5+ day, 10+ hour ago   (209+ words) Gross domestic product contracted 0.2% on a seasonally adjusted ​quarter-on-quarter basis (ZAGDPN=ECI), opens new tab. Economists polled by Reuters had forecast a ⁠0.1% contraction. The contraction was mainly driven by output falls in the ​mining (-3.0%), manufacturing (-1.8%) and trade (-1.9%) sectors. “The situation…...