Mozambican businesspeople yesterday once again complained of a shortage of foreign currency in the interbank market, ...

NEW YORK — Mozambique’s former finance minister has been sentenced ... The government slashed services, growth stagnated, inflation surged, the currency plummeted, and international investment and aid ...

Manual Chang was convicted last year for his role in the so-called 'hidden debt' graft scandal that sparked an economic ...

Donors such as the International Monetary Fund temporarily halted support to Mozambique, triggering a currency collapse and financial turmoil. The prosecutors had urged a sentence of 11-1/4 and 14 ...

Mozambique’s central bank extended its longest easing cycle since 2017 and reduced the ratio of reserves that commercial ...

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The Monetary Policy Committee of the Bank of Mozambique (CPMO), at a meeting in Maputo on Monday decided to cut its benchmark interest rate, the MIMO rate, by 50 base points.

Mozambican businesspeople yesterday once again complained of a shortage of foreign currency in the interbank market, indicating that the liquidity shortage could jeopardize equipment imports by ...