AGP Executive Report
Last update: 5 hours agoMozambique Finance & Policy: The Bank of Mozambique kept its benchmark MIMO interest rate at 9.25% after noting June inflation eased to 7.5% and the outlook points to a slowdown, with exchange-rate stability and falling energy/food prices helping. Mozambique Money Transfers: Mozambique also cut the maximum foreign card payment limit from six million to three million meticais, with banks required to block cards for foreign transactions once the annual ceiling is reached. Mozambique Energy & Jobs: The Mphanda Nkuwa hydro project on the Zambezi in Tete is projected to generate $13.98bn in revenues, with about 6,000–7,000 jobs during construction and commercial operations expected from 2034. Regional Migration Pressure: South Africa’s labour department says farms in Mpumalanga, near the Mozambique border, are hiring undocumented foreign workers, finding over 100 during inspections. US–Mozambique Link: A US State Department visa overhaul will end routine processing at Maputo and 24 other African posts from Aug 1, shifting applicants to regional hubs. Global Watch: A US Africa map blunder at an AIDS conference—misplacing Mozambique—went viral, with the State Department apologising.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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