According to central bank data, Mozambican banks' mandatory reserves reached an all-time high of 307.8 billion meticais (€4.441 billion) in December, up by 15% in one year. According to data from stat ...

Syrah Resources thought its graphite mine in Mozambique would challenge China’s dominance in the global market, but then ...

Mozambique’s President Daniel Chapo has been on a significant visit to South Africa to strengthen ties between the two ...

An International Monetary Fund (IMF) team, led by Mr. Pablo Lopez Murphy, conducted discussions from February 19 to March 4, ...

The UK’s financial sector regulator banned two former senior bankers at Credit Suisse Group, who pleaded guilty in the US to ...

Mozambique, a former Portuguese colony alongside ... which included privatizations, austerity programs, currency devaluation and trade liberalization. Many national liberation movements in Africa ...

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Absa Group reported profit that exceeded analysts’ forecasts as South Africa, the lender’s home market, recovers from years ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

A former Credit Suisse Group banker who admitted to his role in a bribery scheme involving a $2 billion bond fraud in ...

Mozambique’s government is in a bind as it comes under pressure from protesters demanding that it tackle high living costs ...

The Bank of Mozambique initiated a loosening cycle in January 2024, cutting the policy rate by 500bps so far (to 12.25 percent). The central bank also reduced reserve requirements on local currency ...