The world economy is facing "sudden and overwhelming changes", warns Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), in her speech ahead of the spring meetings that begin next Monday in Washington DC. Uncertainty has "literally jumped off the charts", increasing eightfold since...
Mozambique's Dugongo Cimentos says it is willing to lower the price of cement if other factories and the government reach an agreement. Regarding the cabotage service, the company believes that it is here to stay and that it is viable to use the sea. The information was provided by the newspaper "O País", which points out that the first ship...
Seven thousand workers from the mines and two thousand from the farmas in South Africa began arriving in Mozambique yesterday, Thursday (17), in order to spend the Easter holiday with their families and friends. According to Boaventura Manhique, a delegate from the Ministry of Labor in the Republic of South Africa (RSA), the mining companies dismissed the workers on...
The Central Office for Combating Corruption (GCCC) revealed this Thursday (17) that a process has been opened to investigate the hiring of South African company Fly Modern Ark (FMA), whose mission was to restructure the company Linhas Aéreas de Moçambique (LAM), which has been in a critical financial situation for years. According to the Public Prosecutor's Office (MP), the process is still...
The President of the Republic, Daniel Chapo, confirmed yesterday that construction work on the Temane Thermal Power Station in Inhambane province had been halted due to the production of new turbines and renegotiations with the contractor. The Head of State explained that the suspension of activities was mainly due to the loss of two turbines when...
A total of 6.5 million meticais was made available this Tuesday (15) to finance small and medium-sized enterprises (SMEs) dedicated to agribusiness in Tete province, central Mozambique. The fund will benefit companies located in the districts of Dôa, Angónia and the city of Tete. The formalization of the financial support was marked by...
Zimbabwe's currency, backed by precious metals, is heading for failure because political mistakes have pushed it to the margins, according to the country's oldest independent brokerage. "The ZiG is rapidly going into extinction," wrote Imara Asset Management CEO John Legat and Chief Investment Officer Shelton...
The President of the Republic, Daniel Chapo, said on Tuesday (15) that he was optimistic that Parliament would approve the Economic Plan and the State Budget next week, both of which are considered fundamental for the full implementation of the government's activities. The information was given during the inauguration ceremony of the new building that houses the...
Financial rating agency Fitch Ratings predicts that the world economy will grow by less than 2% this year, due to the impact of the serious escalation of the trade war between the United States and China. According to the report on the global economy, released on Wednesday (16) and to which MZNews had access, Fitch Ratings...
The company Corredor Logístico de Maputo (CLM) said that the new logistics terminal, valued at 50 million dollars and already in operation, is helping to relieve the pressure of customs clearance at the Namaacha, Goba and Ressano Garcia border posts in Maputo province. Quoted in the newspaper Domingo, the chairman of the Board of Directors...