At least 63 companies are having difficulty paying bills to overseas suppliers due to a lack of foreign currency, generating a total debt of US$373 million (23,592 million meticais) in the last six ...

The Confederation of Economic Associations of Mozambique (CTA) warned yesterday that the lack of foreign currency in the market is leading airlines to limit their activity in the country, calling for ...

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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.

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 ...