Mozambique will continue to work with the International Monetary Fund on the framework for a new program after repaying $700 million to the fund early and in full, the finance ministry said.
Mozambique will continue to work with the International Monetary Fund on the framework for a new program after repaying $700 million to the fund early and in full, the finance ministry said.
Chinese mining, shipping and logistics companies are joining a $1.24 billion project to revamp a railway linking Zambia’s copper region to a port on the Indian ocean.
Chinese mining, shipping and logistics companies are joining a $1.24 billion project to revamp a railway linking Zambia’s copper region to a port on the Indian ocean.
A speech by Chinese President Ji Xinping broadcast at the Tanzania-Zambia Railway Authority (TAZARA) memorial park in Lusaka, Zambia, on Thursday, Sept. 21, 2023. For over a decade, China poured more than $120 billion of government-backed loans through its Belt and Road Initiative to build hydropower plants, roads and rail lines across the continent — as well as unparalleled influence.
Mozambique has repaid about $700 million to the International Monetary Fund ahead of schedule and in full, in a surprise move that raises questions about its motivations and the status of talks over a potential new program with the lender.
Mozambique has repaid about $700 million to the International Monetary Fund ahead of schedule and in full, in a surprise move that raises questions about its motivations and the status of talks over a potential new program with the lender.
Mozambique repaid about $700 million to the International Monetary Fund ahead of schedule and in full — a surprise move that raised questions about its motivations and the status of talks over a potential new program with the lender.
Mozambique repaid about $700 million to the International Monetary Fund ahead of schedule and in full — a surprise move that raised questions about its motivations and the status of talks over a potential new program with the lender.
US International Development Finance Corp. is swapping a loan made to graphite producer Syrah Resources Ltd. for equity, as Washington seeks to shore up access to critical metals and reduce dependence on China.
US International Development Finance Corp. is swapping a loan made to graphite producer Syrah Resources Ltd. for equity, as Washington seeks to shore up access to critical metals and reduce dependence on China.
The World Bank warned that Mozambique’s current economic trajectory puts $50 billion in gas projects at risk, one of the starkest warnings yet on the nation’s persistent debt-fueled overspending.
The World Bank warned that Mozambique’s current economic trajectory puts $50 billion in gas projects at risk, one of the starkest warnings yet on the nation’s persistent debt-fueled overspending.
The World Bank warned that Mozambique’s current economic trajectory puts $50 billion in gas projects at risk, one of the starkest warnings yet on the nation’s persistent debt-fueled overspending.
The World Bank warned that Mozambique’s current economic trajectory puts $50 billion in gas projects at risk, one of the starkest warnings yet on the nation’s persistent debt-fueled overspending.
West Africa’s cocoa and cotton farmers will take the greatest hit as the war in Iran leads to a fertilizer shock across the continent, according to ETG, one of the region’s top agricultural commodity traders.
West Africa’s cocoa and cotton farmers will take the greatest hit as the war in Iran leads to a fertilizer shock across the continent, according to ETG, one of the region’s top agricultural commodity traders.
South32 Ltd. idled its Mozambican aluminum smelter, Europe’s biggest source of the metal, after talks failed to secure an affordable power supply deal beyond this month, tightening global supplies just as the Iran war prompted Bahrain to curtail output at the world’s biggest facility.
South32 Ltd. idled its Mozambican aluminum smelter, Europe’s biggest source of the metal, after talks failed to secure an affordable power supply deal beyond this month, tightening global supplies just as the Iran war prompted Bahrain to curtail output at the world’s biggest facility.
Rwanda signaled that it could withdraw its troops from northern Mozambique, where they’ve played a central role in securing the Cabo Delgado region, the site of $50 billion in natural gas projects.
Rwanda signaled that it could withdraw its troops from northern Mozambique, where they’ve played a central role in securing the Cabo Delgado region, the site of $50 billion in natural gas projects.
Rwandan soldiers guard The Total Mozambique LNG Project in Afungi in the Cabo Delgado province, Mozambique, in 2022.
The European Union’s financial support for Rwandan troops helping to fight an Islamic State-linked insurgency in Mozambique expires in May and there are no plans to extend it, according to people familiar with the matter.
The European Union’s financial support for Rwandan troops helping to fight an Islamic State-linked insurgency in Mozambique expires in May and there are no plans to extend it, according to people familiar with the matter.
Flooding severed the Democratic Republic of Congo’s main copper-export corridor after a bridge collapsed just south of the Zambian border, disrupting shipments from the world’s second-largest producer of the metal.
Flooding severed the Democratic Republic of Congo’s main copper-export corridor after a bridge collapsed just south of the Zambian border, disrupting shipments from the world’s second-largest producer of the metal.
Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022. A recent 1,900-mile journey from mines in Congo and Zambia shows how, a century after commercial mining began here, the world’s hunger for copper is again reshaping the region.
Zambia, Africa’s second-biggest copper producer, will use larger-than-expected mining revenues to start a stabilization fund this year, a senior treasury official said, ensuring the government has a buffer when a red-hot rally in the metal fades.
Zambia, Africa’s second-biggest copper producer, will use larger-than-expected mining revenues to start a stabilization fund this year, a senior treasury official said, ensuring the government has a buffer when a red-hot rally in the metal fades.
Zambia, Africa’s second-biggest copper producer, will use larger-than-expected mining revenues to start a stabilization fund this year, a senior treasury official said, ensuring the government has a buffer when a red-hot rally in the metal fades.
Zambia, Africa’s second-biggest copper producer, will use larger-than-expected mining revenues to start a stabilization fund this year, a senior treasury official said, ensuring the government has a buffer when a red-hot rally in the metal fades.
Mozambique is navigating a fiscal crisis and has built up debt-servicing arrears with a raft of bilateral and multilateral lenders, the International Monetary Fund said, painting a bleak picture of the southeast African nation’s battered economy.
Mozambique is navigating a fiscal crisis and has built up debt-servicing arrears with a raft of bilateral and multilateral lenders, the International Monetary Fund said, painting a bleak picture of the southeast African nation’s battered economy.
Mozambique is navigating a fiscal crisis and has built up debt-servicing arrears with a raft of bilateral and multilateral lenders, the International Monetary Fund said, painting a bleak picture of the southeast African nation’s battered economy.
Mozambique is navigating a fiscal crisis and has built up debt-servicing arrears with a raft of bilateral and multilateral lenders, the International Monetary Fund said, painting a bleak picture of the southeast African nation’s battered economy.
Zambia’s state mining company is developing plans to start trading commodities to capture more value from building competition over the country’s mineral wealth.
Zambia’s state mining company is developing plans to start trading commodities to capture more value from building competition over the country’s mineral wealth.
Zambia will begin talks with the International Monetary Fund about a new economic program “almost immediately,” but they will only be finalized after general elections set for August, the nation’s finance minister said.
Zambia will begin talks with the International Monetary Fund about a new economic program “almost immediately,” but they will only be finalized after general elections set for August, the nation’s finance minister said.
Volkswagen AG said a plan to start producing a new pick-up truck in South Africa will hinge on improved tax breaks and other incentives to boost the industry.
Volkswagen AG said a plan to start producing a new pick-up truck in South Africa will hinge on improved tax breaks and other incentives to boost the industry.
An employee fixes a badge to a Volkswagen AG Tayron SUV. Photographer: Krisztian Bocsi/Bloomberg
An estimated 300 people have died in extreme flooding across parts of southern Africa, including a one-in-50-year event that researchers said was worsened by climate change.
An estimated 300 people have died in extreme flooding across parts of southern Africa, including a one-in-50-year event that researchers said was worsened by climate change.
Residents wade through floodwater to cross a road near Maputo, Mozambique on Jan. 20, 2026. At least 114 people have died since the rainy season began in early October 2025, including 51 since Christmas Eve, when downpours intensified and sent torrents of river water crashing through several villages.
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