The population of Mabime, in the district of Inhassoro, Inhambane province, blocked two vehicles belonging to the multinational company Sasol yesterday morning (Friday 20th) and "detained" two of its employees. The action comes as a way of demanding solutions to outstanding problems related to promises made by the company and the government. According to the newspaper...
TAP transfers crew to Johannesburg as Constitutional Council ruling approaches
The Portuguese airline Transportadora Aérea de Portugal (TAP) has decided to take precautionary measures regarding the safety of its crew on flights between the Mozambican capital, Maputo, and Lisbon, Portugal, in view of the approaching date for the Constitutional Council (CC) to pronounce on the results of the...
Cabo Delgado: Syrah Resources suspends graphite mine and loses 32% of share value
Australian mining company Syrah Resources declared "Force Majeure" on Wednesday and suspended its operations at the Balama mine, in Cabo Delgado province, as a result of the current socio-political situation. A statement issued today by the company emphasizes that this measure has to do with the progression of the post-election protests that are already affecting several mining companies....
Cimentos da Beira administrator uses fake BR to access company accounts
The administrator of the Cimentos da Beira company in Sofala province uses a fake Boletim da República (BR) to access company accounts, the National Criminal Investigation Service (SERNIC) confirmed on Tuesday. The Administrator was appointed by the Sofala Judicial Court as part of the company's insolvency proceedings, which were decreed in October...
Ceramics factory suspends activities after violent workers' strike
The management of the SAFIRA Mozambique Ceramic factory has decided to temporarily suspend its activities following a violent strike by workers last Friday (06) in which they destroyed some equipment in the production room and used iron bars to attack Chinese technicians. The SAFIRA Mozambique factory is located in the district of Moamba, in the province of...
"Mozambican banking sector remained profitable and stable in the first half of the year" - BdM reveals
The Mozambican banking sector remained profitable and stable, with adequate levels of capitalization and liquidity, and satisfactory profitability, during the first half of 2024. The information is contained in the Financial Stability Bulletin released yesterday by the Bank of Mozambique (BdM), which notes that during the period under review, the overall solvency ratio stood at 26.33%,...
Workers cut rail link between Mozambique and Zimbabwe, demanding better working conditions
On Tuesday (03), a group of workers from Caminhos de Ferro de Moçambique - Centro (CFM) removed a section of the Beira - Machipanda railway line, preventing it from connecting to Zimbabwe. The route is crucial for imports and exports from inland African countries, which depend on the Mozambican port of Beira. According to a...
Magala says that LAM is already sustainable, but asks for patience for the company to become robust again
The Minister of Transport and Communications says that South African consultant Fly Modern Ark has fulfilled its mandate, which was to restore the sustainability of Mozambique Airlines (LAM) and make it more competitive in the market. Even so, he asks for patience so that the flag carrier can become robust again. According to Mateus Magala, who was speaking this...
Security guards take INAS staff and delegate hostage in Gaza and demand unpaid salaries
Yesterday, a group of 34 private security agents demonstrated in front of the provincial office of the National Institute of Social Action (INAS) in Xai-Xai to demand payment of two years' salary arrears, taking the employees and the institution's delegate hostage. According to a report in the newspaper "O País", the...
Port of Beira receives one of the world's largest cargo ships for the third time
Yesterday, Sunday (24), the Port of Beira received one of the largest cargo ships in the world, named "MSC SHANELLE", which is 300 meters long and has the capacity to carry 1,800 containers of various cargoes. According to the newspaper Notícias, this is the third time that a ship of this category has called at the Mozambican port, after the MSC...