Sasol has obtained approval from the Mozambique Council of Ministers for its field development plan (FDP) that will see further hydrocarbon resources developed to support Southern Africa growth.

Fitch Ratings has downgraded Mozambique's Long-term foreign and local currency Issuer Default Ratings (IDR) to 'B' from 'B+'. The Outlook is Stable. The Country Ceiling has also been revised down to 'B' from 'B+'. Fitch has affirmed Mozambique's Short-term IDR at 'B'.

The French bank group Société Générale announced on 6 October, having finalised the acquisition of 65% of the capital of the bank Mauritius Commercial Bank Mozambique (MCBM), which becomes Société Générale Moçambique.

Ecobank Transnational Incorporated and ProCredit Holding announce that they have concluded negotiations for the acquisition of the 96% stake in Banco ProCredit Mozambique previously held by ProCredit Holding and the DOEN Foundation.