Mozambique | - Part 12

Bank of Mozambique hikes Marginal Lending Facility rate by 50bps to 8.25% to curb inflation …

MAPUTO, Mozambique, Capital Markets in Africa — Mozambique’s central bank raised its benchmark standing facility rate by a further 50 basis points to 8.25 percent, citing the need for “redoubled caution” in light of the prospects for short and medium-term inflation at a time of growing foreign and domestic risks, according to stated issued by the Bank of Mozambique. The bank has raised its rate by 75 basis points so far in 2015 following an…

Moody’s downgrades Mozambique government rating to B2

Posted on by The Editorial Team

MAPUTO, Mozambique (Capital Markets in Africa) — Moody’s Investors Service has today downgraded Mozambique’s government issuer rating to B2 from B1 and changed the outlook to negative. The key driver for Moody’s decision to downgrade Mozambique’s rating to B2 is the underperformance of its fiscal and debt metrics vis-à-vis peers which is expected to continue over the medium-term. The negative outlook reflects uncertainties over the government’s strategy for covering its increasing external debt payments in…

Buyout Firm Vital Plans $500 Million Africa Fund as Demand Booms

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Accra, Ghana (Capital Markets in Africa) — Private Equity firm Vital Capital Investments LP is planning a $500 million investment fund that will focus on African industries overlooked by competitors. Vital Capital Fund II is weighing opportunities in Mozambique, Tanzania, Rwanda, Angola, Ethiopia, Uganda, Cameroon, Ghana and the Ivory Coast, managing partner Eytan Stibbe said in an interview with Bloomberg Brief Sub-Saharan Africa. The firm’s second Africa-focused fund will make as many as 20 investments…

Africa Witnesses the Largest International Islamic Economic Gathering Next Week

Posted on by The Editorial Team

MAPUTO, Mozambique (Capital Markets in Africa) — Dr Ahmad Mohamed Ali, President of the Islamic Development Bank Group, has stated that preparations are in full swing at the IDB Group for its annual meeting, which is scheduled to take place this year, Allah willing, in Maputo, Republic of Mozambique at the kind invitation of the Government of Mozambique. This is the first time the meeting of the IDB Board of Governors is taking place in the…

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