Mozambique Airlines LAM Undergoes Leadership Reshuffle After EU Ban

Mozambique’s flag carrier, Mozambique Airlines-LAM, has reshuffled its leadership after the European Union (EU) issued a blanket ban on the carrier preventing it from entering its airspace for lapses in safety standards, the company said in a statement...

Mozambique Economy Predicted to Grow By 7.2% in 2011

The International Monetary Fund, IMF, expects Mozambique’s economy to grow 7.2 percent in 2011, against 6.5 percent in 2010, pushed by agriculture, transportation and transportation, Victor Duarte LLedo, IMF Resident Representative in Mozambique,...

Government of Mozambique to Subsidize Food, Transport to Poor Citizens

Mozambique’s government said it will provide food and transport subsidies to poor citizens beginning August 2011 as part of a strategy to mitigate the high cost of living in the poverty stricken southern African nation, Planning and Development...

Mozambique, Swaziland Leaders Review Cooperation

Mozambican president Armando Guebuza left the capital Maputo on Thursday for a 24-hour working visit to the mountainous Kingdom of Swaziland for the strengthening of relations and cooperation between the two neighboring countries, state-controlled Radio...

Maputo Port in Mozambique to Expand Coal, Container Terminals

The South African group Grindrod shipping and logistics, the dealer of most of the commercial divisions of the port of Maputo, said it will expand the coal and container terminals at the port of Maputo in Mozambique, state-controlled Radio Mozambique...

Mozambique Planing to Spend More Than $500m on Infrastructure in the Capital Maputo

Mozambique plans to spend over $500 million on infrastructure in the capital Maputo by 2015, state-controlled Mozambique Television-TVM reported on Tuesday citing Nelson Nunes, the head of Maputo Sul Empresa Publica.

Mozambique Expecting 15% Growth in Exports During 2011

Mozambique’s exports may total $2.4 billion in 2011, accounting for a year on year rise of 15 percent as compared to government estimates for 2010, Mozambique’s local media reported on Monday in Maputo the capital.

Chinese Company Tong Jian Investment Ltd to Build Vehicle Assembly Factory in Mozambique

Mozambique and China have signed a deal that enables the Chinese company Tong Jian Investment Ltd to built in the country a vehicle assembly factory that will cost $200 million, the official Mozambique News Agency-AIM reported on Monday.

International Monetary Fund Sees ’very Strong’ Macroeconomic Performance Recorded in Mozambique

The International Monetary Fund (IMF) sees ’very strong’ macroeconomic performance recorded in Mozambique, although the balance of payments be experiencing some pressure due to escalating prices of fuel imports and goods food, said an IMF press release...