Italian petrochemical company Eni SpA posted a profit of 1.52 billion euros in the second quarter of 2024, beating expectations due to strong performance in its oil and gas exploration business. The floating natural gas platform, Coral Sul FLNG, anchored in the deep waters of the Rovuma basin in Cape...
The city of Beira, capital of Sofala province, central Mozambique, has had the international technological mobility service of the Yango platform since Tuesday (10). This is the first venture of this international digital cab company to operate in Africa, following its consolidation a year and a half ago in the country's capital, mainly...
Absa Bank won this year's award for "Best Bank for Small and Medium Enterprises (SMEs) in Mozambique", awarded by the British magazine Global Banking & Finance Review, one of the most prestigious international publications specializing in financial markets and analysis of the banking sector. In a press release, the bank said that this distinction...
The company Rede Viária de Moçambique (REVIMO), responsible for the construction, conservation and operation of several national roads, has reached 1.2 billion meticais in tax obligations paid to the government over the last five years. The information is contained in a recent presentation on the performance of REVIMO's activities since its establishment in 2020, cited...
This Tuesday (10), Caminhos de Ferro de Moçambique (CFM) dispatched its first fuel train to neighboring Malawi, via the Dona Ana-Vila Nova da Fronteira branch, in the central province of Tete. "The train left the Port of Beira with 48 tank trainers (24 platforms), and its final destination was the city of Marka,...
Portuguese energy multinational Galp, which recently concluded the divestment of Area 4, in the Rovuma basin, Cabo Delgado province, northern Mozambique, says that the decision is part of its strategy to focus on high return, low cost and low carbon intensity projects. According to Galp's CEO, Filipe Silva, who...
London-based mining company Gemfields announced yesterday, Thursday (05), that it had raised 2.3 million dollars in an auction of commercial rubies. The stones sold from September 2nd to 4th (Monday to Wednesday) were mined in the Montepuez district, in northern Mozambique, by Montepuez Ruby Mining Limitada (MRM), which owns...
Between December 2023 and August 2024, Montepuez Ruby Mining (MRM) reached the milestone of three million hours without a Lost Time Injury (LTI), which refers to any injury suffered by an employee that results in a loss of productive working time. According to MRM, quoted...
South African petrochemical company Sasol, which explores for natural gas in the north of Inhambane province, has announced the disbursement of just over 30 million meticais in support of a land-use planning project in five communities in the Govuro district. According to Sasol, the beneficiaries are the communities of Maluvane, Pande-Sede, Colonga, Chimedje and Doane,...
Matola City Council has signed a partnership with Yango, an international digital cab company operating in Africa, to promote sustainable and efficient market infrastructure for digital services in the transport sector. The memorandum was initialed last Thursday (29), on the sidelines of the Maputo International...