TotalEnergies will supply Namibia’s bulk petrol and diesel for three months, showing how competitive procurement, storage and supplier depth shape short-term energy security.
Section
Economics
Botswana Launches State-Owned Explorer to Unearth Critical Minerals
Botswana is creating a state explorer to probe the ~70% of its territory left untested, chasing critical minerals beyond diamonds. The strategy and the risks.
August 2026: individuals buy MT1.77bn of bills, and 87% of the year’s bond swaps are done
Individuals bought MT1.77bn of Treasury bills from Banco de Moçambique in August 2026, twice July’s sum, while MT39.77bn of the planned MT45.7bn of bond swaps had been completed by 6 August.
August 2026: PMI at 51.9 with construction leading, as fuel queues return to Matola
Mozambique’s PMI rose to 51.9 in August on construction-led output and the best new orders since 2023, while fuel queues returned and fuel absorbed half the dollars sold in the first half.
Mozambique’s August 2026 CPI: 6.45%, lowest since April, transport stuck at 14.77%
Annual inflation fell to 6.45% in August 2026 as prices dropped 0.28%. Food inflation eased to 8.91% from 12.62%, while transport held at 14.77%. Where the remaining pressure sits.
Mozambique’s US$50m fuel facility: an August backstop for a US$424m quarterly bill
Council of Ministers Resolution 65/2026 of 3 August opens up to US$50m for fuel imports through PETROMOC. The second-quarter fuel bill was US$424.2m, so the line covers roughly eleven days.
Mozambique’s banks sold US$5.65bn of dollars by August 2026, US$80m less than they bought
Banks bought US$5.73bn and sold US$5.65bn of foreign currency to clients from January to August 2026. Fuel took half of large-buyer sales in the first half, and the card cap was halved.
Mozambique’s July 2026 bill curve inverts: 91 days at 12.32%, 364 days at 12.26%
In July 2026 the 91-day Treasury bill averaged 12.32%, above the 12.26% on the 364-day bill, while the seven-day reverse repo fell to MT99.9bn. The committee held the taxa MIMO at 9.25% on 29 July.
July 2026: PMI at a three-year high of 51.4, yet employment fell and bank money tightened
Standard Bank’s PMI rose to 51.4 in July, the best in three years, while jobs fell for the first time since May 2025 and the 39% reserve requirement kept credit tight.