Foreign currency sales dropped by 62 percent last week after the National Bank of Angola (BNA) has sold EUR 52.7 million ($ 58.9 million) to cover various operations. This is according to the BNA data […]
Mozambique: No IMF programme without completing audit report
The International Monetary Fund (IMF) has politely made it clear that there will be no normalization of relations with Mozambique until the information missing from the audit of the security-related companies Ematum (Mozambique Tuna company), […]
Syrah Resources seeks A$110m to increase graphite output
Syrah Resources plans to raise A$110 million to fund the ramp up of production at the Balama graphite project in Mozambique, Africa. Melbourne-based Syrah also intends to use the capital it raises to accelerate its battery […]
Mozambique expands universal telecom access
Thirty new locations, located in 28 districts of Mozambique, will get access to voice, SMS and internet mobile telephony services, as implementation of phase 4 of the Universal Telecommunications Access project starts, reports Verdade. Universal […]
Tanzanian tough talk is turning off investors
Tanzanian President John Magufuli’s deepening dispute with companies he accuses of being tax cheats is rattling investors and dimming the allure of one of Africa’s fastest-growing economies. Since taking office in late 2015, Magufuli has […]
Zimbabwe’s gold exports increase
Gold exports are increasing significantly with the country expected to have exported at least 30 tonnes by the end of the year, government’s advisor and mining sector coach on the Ease of Doing Business programme, […]
