October 2026 farm margins: a tonne of cashew now buys 31% less diesel than in April
Input costs were reset in May; October's official data will show whether farm-gate prices have caught up. One tonne of raw cashew sold at Mozambique's MT 45 per kg reference price buys 387 litres of diesel at today's MT 116.25 a litre. Before the fuel adjustment of 7...
Botswana to Open Moscow Embassy, Woos Russian Investors for Rare Earths
Small economies cannot afford a single buyer for what they sell or a single partner for the capital they need. The diamond slump has made that lesson concrete, and it explains a diplomatic move that would otherwise read as merely symbolic. On 4 January 2026, Foreign...
Botswana’s Diamond Stockpile Doubles as Prices Slump
An economy that depends on a single commodity learns the hard way that demand, not production, sets the terms. Botswana can mine diamonds efficiently; what it cannot do is force the world to buy them at the price it needs. That asymmetry is now visible in a single...
Boko Tells Police to Innovate Amid the Emotional Toll of Duty
A police service is usually measured by the crime it stops, rarely by what the work costs the people who do it. That omission is itself a governance problem: an institution that ignores the psychological burden on its officers will struggle to retain the judgement and...
Africa TravelTech Summit slips from 8 October to 26 November: what Maputo must show
A summit built on digital distribution, payments and data now has seven more weeks to fill its programme. Maputo's tourism recovery is the test case. Anyone who diarised the Africa TravelTech Summit & Expo for 8 and 9 October should change the entry. Organiser SNG...
Treasury bills up 21% against bonds up 6%: Mozambique’s short-money problem in July 2026
Banco de Moçambique’s July data put domestic debt at MT538.3bn, with Treasury bills up 21.2% and bonds up 6% since December. The tenor mix explains why infrastructure waits for other lenders.
Mozambique’s trade table without Mozal: aluminium bars fall from US$371.4m to US$2.9m
BdM’s August summary shows aluminium bar exports at US$2.9m in the second quarter against US$371.4m in the first, yet total exports rose 2.2%. Coal and gas replaced the smelter.
Reference selling rate closes July at MT64.54, CPMO credits the calm for its hold
The CPMO held the taxa MIMO at 9.25% on 29 July 2026 citing exchange-rate stability; the reference selling rate closed at 64.54 and exchange houses sold at 70.86, with reserves at US$3,436.8m.
July 2026: Mozambique’s dollar ledger halves, with State project receipts down to US$6.2m
Reserve outflows fell to US$261.7m in July from US$445.6m in June, inflows to US$213.0m from US$440.7m, and State project receipts to US$6.2m. Banks turned net suppliers.
July 2026: fuel took half the dollars banks sold big buyers, at a MT63.91 reference mean
The reference mean dollar rate averaged MT63.91 across 23 July 2026 bulletins, but H1 data show banks sold US$4.16bn interbank with fuel taking half, and a tighter card cap began on 28 July.
Tomatoes down 18.7%, transport still up 14.87%: Mozambique’s split July 2026 basket
Mozambique’s July 2026 prices fell 0.26% and the annual rate eased to 7.48%. Why the cheap items and the sticky items diverge, and how wallet revenue and bank credit show household demand.
July 2026: Mozambique’s banks add MT6.0bn of State paper as savers earn 3.81%
Commercial banks’ gross claims on the State rose MT6.0bn to MT237.9bn in July 2026, more than double any other monthly rise in a year, while the one-year deposit rate fell to 3.81%.
July 2026: 406.8m wallet transactions, 26% above July 2025, with each one worth 5% more
Mozambique’s wallets processed 406.8 million transactions worth MT287.4bn in July 2026, up 26% in count and 31% in value on July 2025. Seven months already equal 89% of all 2025 activity by count.
Mozambique, July 2026: the 91-day bill peaks at 12.32% as state debt climbs to MT 538bn
In July 2026 the 91-day Treasury bill averaged 12.32%, its highest of the year, above the 364-day bill at 12.26%. The CPMO held MIMO at 9.25% as internal debt reached MT 538.3bn.
July 2026: Mozambique’s wallet agents reach 499,616, 384 short of half a million
Banco de Moçambique data for July 2026: 499,616 e-money agents, a record 406.8m wallet transactions worth MT287.4bn, and 389 agents for every ATM.
July 2026: the 12.25% lending window opened on all 23 days as reverse repos shrank
Banks drew on Banco de Moçambique’s 12.25% lending window on every reading day of July 2026, averaging MT 2.95 billion, against one day in April. Bills held in reverse repo fell MT 72.9 billion.
July 2026 external file: two goods balances inside one deficit, and who funds the gap
In the second quarter the large projects ran a goods surplus near US$1.15bn and everything else a deficit near US$1.47bn. July’s reserves, financing and street rates show how the gap is met.
Term deposits fall to a nine-month low of MT 294.9bn in July 2026 as the rate hits 3.81%
Term deposits fell to MT 294.9 billion in July 2026, the lowest since October 2025, with the one-year rate at 3.81%. After the 39% reserve ratio, a metical deposit costs a bank about 6.2% to lend out.
Mozambique’s July 2026 data pack: prices fell 0.26%, reserves fell to US$3.44bn
July 2026 brought a 0.26% monthly price fall, reserves of US$3.44bn and a 0.4% dip in credit. Each fall has a different cause, and the pack shows which ones are seasonal.
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