Latest news with #VenancioMondlane
Reuters
17 hours ago
- Business
- Reuters
Mozambique central bank cuts key rate by another 75 basis points
MAPUTO, July 31 (Reuters) - Mozambique's central bank cut its benchmark interest rate by 75 basis points to 10.25% on Thursday, saying it expects inflation to remain in single digits over the medium term. The Bank of Mozambique has now lowered the MIMO lending rate (MZMIMO=ECI), opens new tab for 10 policy meetings in a row in an easing cycle stretching back to January 2024. Its latest statement highlighted debt pressures but said the inflation outlook was helped by favourable international commodity prices. The last rate cut, which came in May, was also of 75 basis points. Annual inflation in the resource-rich Southern African country edged up to 4.15% in June (MZCPIY=ECI), opens new tab from 4.00% in May. Local politics remains a potential risk following a disputed election last year. The opposition and Western observers say the long-ruling Frelimo party won the vote through rigging, which Frelimo denies. Mozambique is seeking to prosecute the country's main opposition leader, Venancio Mondlane, for allegedly inciting civil unrest following the election in which more than 300 people were killed, many of them in clashes with security forces.
TimesLIVE
24-07-2025
- Politics
- TimesLIVE
Mozambique seeks to prosecute opposition leader over post-election unrest
Mozambique is seeking to prosecute the country's main opposition leader, Venancio Mondlane, over civil unrest that followed a disputed election last year, a document presented to Mondlane by prosecutors showed. Mondlane, who says President Daniel Chapo of the long-ruling Frelimo party won the election through vote-rigging, was summoned by prosecutors on Tuesday. He was shown the 40-page document laying out a series of accusations including that he incited the unrest. An adviser to Mondlane shared the document with Reuters on Wednesday and said the opposition politician denied all the prosecutors' accusations. Prosecutors in the resource-rich Southern African country declined to comment. The post-election protests, in which more than 300 people were killed, were the largest against Frelimo since independence from Portuguese colonial rule in 1975.
Reuters
23-07-2025
- Politics
- Reuters
Mozambique seeks to prosecute opposition leader over post-election unrest
MAPUTO, July 23 (Reuters) - Mozambique is seeking to prosecute the country's main opposition leader, Venancio Mondlane, over civil unrest that followed a disputed election last year, a document presented to Mondlane by prosecutors showed. Mondlane, who says President Daniel Chapo of the long-ruling Frelimo party won the election through vote-rigging, was summoned by prosecutors on Tuesday. He was shown the 40-page document laying out a series of accusations including that he incited the unrest. An adviser to Mondlane shared the document with Reuters on Wednesday and said the opposition politician denied all the prosecutors' accusations. Prosecutors in the resource-rich Southern African country declined to comment. The post-election protests, in which more than 300 people were killed, were the largest against Frelimo since independence from Portuguese colonial rule in 1975. Frelimo denies allegations of electoral fraud, though Western observers say October's vote was not free and fair. There had been indications that Chapo and Mondlane were looking to build bridges, as the two politicians met for talks in March and again in May. Chapo also launched a "national dialogue" and invited Mondlane to serve on a presidential advisory body. Louw Nel, a political analyst at Oxford Economics Africa, said attempts to prosecute Mondlane would "weigh on the political compromise Mozambique's political actors reached in March".
The Star
23-07-2025
- Politics
- The Star
Mozambique seeks to prosecute opposition leader over post-election unrest
FILE PHOTO: Mozambique opposition leader Venancio Mondlane speaks to the media as he arrives at the Maputo International Airport, after fleeing in the days following a hotly contested election in October that sparked demonstrations in which dozens of protesters have since been killed in the capital Maputo, Mozambique, January 9, 2025. REUTERS/Regulo Cuna/File Photo MAPUTO (Reuters) -Mozambique is seeking to prosecute the country's main opposition leader, Venancio Mondlane, over civil unrest that followed a disputed election last year, a document presented to Mondlane by prosecutors showed. Mondlane, who says President Daniel Chapo of the long-ruling Frelimo party won the election through vote-rigging, was summoned by prosecutors on Tuesday. He was shown the 40-page document laying out a series of accusations including that he incited the unrest. An adviser to Mondlane shared the document with Reuters on Wednesday and said the opposition politician denied all the prosecutors' accusations. Prosecutors in the resource-rich Southern African country declined to comment. The post-election protests, in which more than 300 people were killed, were the largest against Frelimo since independence from Portuguese colonial rule in 1975. Frelimo denies allegations of electoral fraud, though Western observers say October's vote was not free and fair. There had been indications that Chapo and Mondlane were looking to build bridges, as the two politicians met for talks in March and again in May. Chapo also launched a "national dialogue" and invited Mondlane to serve on a presidential advisory body. Louw Nel, a political analyst at Oxford Economics Africa, said attempts to prosecute Mondlane would "weigh on the political compromise Mozambique's political actors reached in March". (Reporting by Manuel Mucari and Custodio Cossa; Additional reporting by Kopano Gumbi;Writing by Alexander Winning; Editing by Aidan Lewis)
