Mozambique 24 March 17: Fuel price rises don’t go far enough
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Fuel prices went up across Mozambique this week, for the second time in six months. Even that isn’t enough, however, according to the IMF, which is calling for monthly adjustments. Read our full article for free:
FREE TO READ: IMF joins calls to end Mozambique fuel subsidies
Mozambique’s banking sector is set for a shake-up after the existing shareholders of Moza Banco, the fourth largest bank, failed to raise the capital needed to avoid the bank being auctioned off by the central bank. Moçambique Capitais can have a final bite of the cherry in open competition, but it is now almost inevitable that Mozambique’s only majority-Mozambican owned bank will pass into foreign hands.
SEE: Moza Banco back in play after shareholders fail to raise recap funds
Experts we spoke to this week agreed that the tax authority got the calculations on Eni’s capital gains tax bill right, setting a useful precedent for future transactions in the extractives sector.
SEE: Experts back Mozambique tax decision for complex Eni-Exxon gas deal
A scandal involving transport minister Carlos Mesquita has been rumbling in the Mozambican press since the end of February. Today, Zitamar News explains what is at issue.
SEE: Mozambique transport minister has ‘nothing to hide’ in alleged corruption cases
And finally, the peace dividend continues to be felt in central Mozambique where agribusiness exporters are hoping finally to hit the targets they set for 2015, before they were interrupted by the resurgent conflict.
SEE: Mozambique’s agri-exporters look for better 2017 as peace returns
Have a great weekend.