Mozambique

Mozambique's Tourism Earns US$231 Million In 2011

24 May 2012

MAPUTO, May 25 (Bernama) -- Mozambique's Minister of Tourism, Fernando Sumbana, on Wednesday revealed that the tourism industry last year earned the country US$231 million, an increase of 17.1 per cent compared to 2010, when revenues reached US$197.3 million.

Rovuma Discoveries Spark New Interest in Mozambique's Gas Potential

23 May 2012

While exploration and production activity has been occurring in Mozambique since the early 1960s, the natural gas discoveries made in the Rovuma Basin in 2009 have generated new interest in Mozambique's natural gas potential.

Mozambique cuts 2012 inflation forecast

23 May 2012

MAPUTO (Reuters) - Mozambique's central bank lowered its inflation expectation for this year on Wednesday, saying a strong currency and elevated interest rates would tame price pressures. Inflation is now expected to end the year at 4 percent compared to 5.6 percent forecast in January. The metical was the best performing currency against the dollar globally in 2011 and contributed to inflation ...