The oil company recorded 166 million euros of profit in the first half of this year, a figure that compares with losses of 22 million in the first half of 2020
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"More than 1,300 small and medium-sized businesses have closed due to covid-19 in the country"
due to the negative impact of covid-19 and thousands of workers saw their contracts suspended
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Standard Bank can now perform foreign exchange activities in the country. The decision is from the Bank of Mozambique
The Bank of Mozambique has authorized Standard Bank to carry out foreign exchange conversion activities with its clients, after suspending the institution from the foreign exchange market for "serious infractions"
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Port of Maputo to handle more than 18 million tons of cargo by 2020
The Port of Maputo handled a volume of over 18 million tons of cargo last year, compared to 21 million tons in 2019, a drop of 14.3%, which is due in part to the impact of Covid-19, as well as restrictive measures to curb the spread of the pandemic in Mozambique and countries in the southern region of Africa
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Justice seeks managers who abandoned cement plant
The justice authorities are investigating the whereabouts of the managers of the Cimento Nacional company, in Maputo province, for having abandoned the factory and left the country without explanation, leaving about 300 workers unemployed
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July 23, 2021July 23, 2021Companies
Tesla Admits to Accept Cryptocurrency Payments Again
Tesla founder and CEO Elon Musk has admitted that the company may start accepting Bitcoin payments again, assuming the cryptocurrency begins to be generated using at least 50% renewable energy
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"New business creation in the post-pandemic is one of the priorities of the Global Business Fabric"
Five out of ten executives consider new business development as a priority for growth in the post-pandemic
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July 21, 2021July 21, 2021Companies
Coca-cola company's profits soar 481TP2Q2 in Q2
Coca-Cola's net profit increased 48% in the second quarter of 2021, year-on-year, to 2.2 billion euros, according to the report of accounts sent to the US supervisor and published today on the brand's website
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Millennium bim voted best bank of the year for the sixth time
Millennium bim was distinguished as the "Best Bank in Mozambique" by Euromoney magazine, a worldwide reference publication in the area of global economy and finance
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Bank of Mozambique appoints resident inspector for Standard Bank
The Bank of Mozambique has appointed, effective Monday, Zaitina Raul Chilaule, a senior manager at the Bank of Mozambique, to inspect Standard Bank, following sanctions imposed recently