Hidroeléctrica de Cahora Bassa (HCB), the country's main electricity producer, located in Tete province, central Mozambique, approved, on Monday (21), at a general meeting, the distribution of dividends of 7.4 billion meticais as a result of the profit of 14.1 billion meticais achieved in last year's financial year. "To the State...
The Confederation of Economic Associations of Mozambique (CTA), the largest employers' organization in the country, through its Board of Directors, has decided to remove the current president of the Chamber of Commerce of Mozambique (CCM), Álvaro Massingue, from running for the presidency of the body to succeed Agostinho Vuma. Through a decision taken at an extraordinary session held last...
The Maputo Port Development Company (MPDC) plans to invest around 2 billion dollars this year to improve port infrastructures, with emphasis on the expansion of container, coal, general cargo and ore terminals, quays and the acquisition of new equipment. According to a report in the newspaper Domingo, for the...
The province of Gaza, located in the south of Mozambique, saw a considerable increase in the quantities of cashew nuts sold in the 2024-25 campaign, reaching the 10,000 ton mark, representing an increase of more than 100% compared to the 5,000 of the previous campaign. The information was provided by the governor of Gaza, Margarida Chongo, during...
The Prime Minister, Benvinda Levi, challenged the Cotton and Oilseeds Institute of Mozambique (IAOM) to be more proactive in the strategic transformation of the agricultural value chain, with a focus on increasing the production, industrialization, marketing and export of crops such as cotton, sisal, soya, sesame and sunflower. The challenge was launched last Thursday (17) during the...
The Dubai Chamber of Commerce, one of the three chambers operating under the Dubai Chambers umbrella, has completed preparations for its next trade mission to Mozambique and Angola in search of new business opportunities. According to ANI, the mission is due to visit the country from April 21 to 25,...
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...
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...
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...
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...