Interest rates to rise by 2%; Nyusi says no to local content law

Welcome to Zitamar’s daily Mozambique briefing for 31 March 2022

Agenda:

• Saturday: Launch of the “National Program for the Massification of the Use of Cooking Gas and the Inauguration of the Filling Unit” in Anchilo, Nampula district

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From the Zitamar Live Blog:

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Bank of Mozambique raises interest rates by 2%
The Bank of Mozambique raised interest rates from 13.25% to 15.25%, in order to “discourage consumption” amid supply side constraints connected mainly to the conflict in Ukraine. The central bank's statement is attached on Zitamar’s Live Blog

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Also in the news:

• Bank of Mozambique raises interest rates, blames war in Ukraine (Verdade)

• Mozambique will not have local content law, says Nyusi (Verdade)

• EN1 road partly reopens for light vehicles (O País)

• State telco Tmcel fires 1,000 workers (VOA)

• State officials and community leaders return to Mocímboa da Praia (Lusa)

• WFP aid resumes at resettlement centre after suspicions over recipients (MediaFax)

• Renamo revives "shadow government" idea as elections come into view (O País)