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Mozambique
14 May 2020

Mozambique´s economy to contract 2.4% in 2020 due to pandemic
With the coronavirus pandemic weighing on economic activity, the Economist Intelligence Unit (EIU) now expects the economy of Mozambique to contract by 2.4% in 2020. According to the EIU, the economy will pick up in 2021, growing by 2% as the agriculture sector rebounds.
07 May 2020

Covid-19´s Impact on China and Other Trading Partners to Hurt Mozambique´s Growth
The Mozambican government’s real GDP growth projection of 2.2% for this year may prove to be "somewhat optimistic", according to Eaglestone Securities, considering the uncertainties surrounding the impact that Covid-19 could ultimately have on the local economy.
30 April 2020

Banco Nacional Ultramarino and ICBC Macau partner for Portuguese-speaking countries
Banco Nacional Ultramarino bank and the Industrial and Commercial Bank of China (Macau) have signed a memorandum of understanding for the joint promotion of business between China and the Portuguese-speaking countries, according to a statement by the issuing bank.
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