The Confederation of Mozambican Business Associations (CTA) is expectant with the Government's announcement of the acquisition of 11 million doses of vaccines against Covid-19, a fact that may accelerate the immunization rate and dictate relief from restrictive measures in place, including in the business sector
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Alcoholic beverage prices may rise due to introduction of control seal
Producers and importers of alcoholic beverages warn of rising beer prices in Mozambique because of the introduction of control seal, which had been postponed in 2017
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Government demands more incentive for exports of national production
For this purpose, the Investment and Export Promotion Agency, APIEX, should make available information on investments, business and foreign trade
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Government provides 1.9 million dollars to make aquaculture projects viable
About 1.9 million dollars, corresponding to more than 130 million meticais is the amount to be disbursed this year for the viability of sustainable aquaculture projects in the country
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Business robustness improves slightly in the second quarter
Business activity experienced a timid recovery in the second quarter of this year as a result of relief from the Covid-19 spread containment measures, along with the start of agricultural marketing and the beginning of exports of agricultural commodities and fish products
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Public and private institutions owe $25 million to EDM
Public institutions, namely the State corporate sector, and private institutions owe $25 million to Electricidade de Moçambique (EDM) and plans are underway to clean up the debt
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"Lack of private sector robustness hinders access to higher finance"
The outgoing representative of the African Development Bank (AfDB), Pietro Toigo, argues that private companies in the country lack robustness, which makes it difficult for them to access a higher type of financing
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Portugal trains Mozambicans in classification and transparency in the diamond business
Portugal is training four Mozambicans in diamond business classification and transparency, as part of the African country's efforts to enter the market for this highly sought-after ore worldwide
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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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July 22, 2021July 22, 2021Business
Inhambane seeks strategies to increase aquaculture
The Inhambane provincial government will implement a package of additional measures aimed at raising the level of production and productivity, in the aquaculture branch, which last year recorded a drop of about 100%, compared to 2019