The United Bank for Africa, UBA, through the Tony Elumelu Foundation, Africa's leading philanthropic organization, has announced the opening of applications for Africa's largest Entrepreneurship Programme 2025. The opportunity is also open to young Mozambicans who will be able to sign up and take part in the transformative initiative, aimed at fostering job creation,...
Vista Group, a financial services holding company with a mission to become a world-leading pan-African banking institution, has received approval from the French banking regulator, ACPR, to establish Vista Bank in France. Vista Bank France will be launched in the second half of 2025 and will be Vista Bank's first banking operation...
Long-haul cargo transporters who use the Machipanda border are asking the authorities in both countries to find ways to make customs clearance of goods more flexible, especially on the Zimbabwean side. Operators report that although the border is open 24 hours a day, there is a lack of flexibility, which sometimes forces them to wait...
A court case taking place on national territory has led to the freezing of a million-dollar deal in which Indian steelmaker JSW Steel, owned by billionaire Sajjan Jindal, intends to acquire the estate of Australian maganta Ken Talbot, who died 14 years ago. The deal is over the lease of the coal mine in Revuboè (MoR), in the province of...
The government, through the National Inspectorate of Economic Activities (INAE), has authorized the reopening of four of the 12 commercial establishments that had been closed down in the last six months due to non-compliance with legal regulations relating to health and food safety. According to a report in the newspaper Notícias, the establishments have resumed their activities after complying with the...
South African airline Airlink announced the resumption of flights to Nampula on Thursday (9), after a temporary suspension motivated by the threat of seizure of its aircraft, following a decision by the Mozambican courts. According to Engineering New, Airlink, which operates flights between Mozambique and South Africa, decided to return to the route...
The National Institute of the Sea (INAMAR) has awarded Entreposto a public tender in which it will drain more than 50 million maticais to acquire an unspecified batch of vehicles. According to the tender notice published in the newspaper Notícias on January 1, 2025, the vehicles are intended for the maritime administrations of the...
The Mozambican Oil Importer (IMOPETRO) has launched an international tender to find a new fuel supplier for the country from next April. The quantities planned for import should ensure the availability of gasoline, diesel and JET for a period of six months. An IMOPETRO source quoted by Notícias said that there is...
On Tuesday, South African carrier Airlink canceled flights to Nampula, Mozambique. The measure follows a provisional order from a Mozambican court to seize three planes. According to Eyewitness News, two Mozambican citizens were expelled from an Airlink flight in Johannesburg on December 7...
The post-election conflicts intensified the losses of Mozambican companies, leading them to record, in December 2024, the worst economic contraction since August 2020, according to Standard Bank's Purchasing Managers' Index (PMI). "Mozambican private sector companies reported a further deterioration in their conditions in the last month of 2024, with the...