AGP Executive Report
Last update: 3 hours agoMozambique Border Trade Upgrade: Mozambique has awarded two Chinese firms a 25-year concession to build and operate a one-stop border post at Machipanda, linking the country with Zimbabwe; the US$30m project is set to start in October and is expected to cut customs and immigration delays for the corridor that sees 400+ freight trucks cross daily. Central Bank Watch: The Bank of Mozambique kept its benchmark lending rate unchanged at 9.25% for a third straight meeting, citing persistent inflation risks but a cautious stance amid weak growth and metical stability. Agri-Food Investment Push: Mozambique’s agriculture minister says Portugal is a key partner to attract agro-investment and technology, urging the shift from being seen only as a consumer market to becoming a production, processing and export destination. Labour Dispute Settlements: Mozambique’s labour mediation centre (CEMAL) reports about 6.8m meticais paid to 256 workers after mediation in the first half of 2026, with most cases resolved through agreements. Drug Supply Disruption: Mozambique’s SERNIC incinerated chemical products seized after arrests tied to alleged hard-drug manufacturing, following a warehouse discovery in Matola.
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