The Government, through the Ministry of Justice, Constitutional and Religious Affairs, announced today, Thursday (09), that the deadline for submitting declarations of beneficial owners, under the Law on Combating Money Laundering and Terrorist Financing, is June 7th. However, the legal entities obliged to...
Financial operations between the Mozambican economy and the rest of the world last year resulted in a net inflow of funds of 2.2 billion dollars, compared to the 5.5 billion dollars recorded in the same period in 2022. This is a drop of 60.2% in the flow of funds...
The company Águas da Região Metropolitana de Maputo (AdRMM) issued a statement this Tuesday (07), informing that water consumers in the cities of Maputo, Matola, the town of Boane and adjacent areas will be able to observe, from today, May 8 to July 3, changes in the aesthetics of the water that will be supplied there. According to...
Cotton crop sales earned the country around 34.3 million dollars in 2023, which is 6.3% less than in the previous year. The figures are contained in the annual balance of payments bulletin, recently released by the Bank of Mozambique (BoM), to which MZNews had access. According to the document, the...
In 2023, Mozambique saw a decrease of 31.2% in imports of goods, totaling 9.1 billion dollars, equivalent to 44.4% of GDP, fundamentally reflecting the 76% reduction in spending on invoices for Major Project (GP) goods. The data is contained in the annual balance of payments bulletin, released recently...
Amazon has just launched its online shopping service in South Africa today, challenging a number of online retailers dominated by Naspers. Analysts believe that Amazon's entry into the most developed economy on the African continent is a strategy to take advantage of the country's development potential and expand into other...
"What women do differently when they reach the top in the leadership of large companies" was the theme of the event held by Access Bank Mozambique on Thursday, May 2. Among the Bank's clients and employees, the meeting brought together more than 50 women and featured speakers Glayds Gande, Senior Manager of Business Consulting...
In 2023, Mozambique saw a 2.1% increase in the flow of Foreign Direct Investment (FDI), totaling 2.5 billion dollars (equivalent to 12.1% of GDP) compared to the 2.4 billion dollars (13.4% of GDP) recorded the previous year. According to the figures in the annual balance of payments bulletin,...
The inspection of vehicles and equipment for handling dangerous bulk cargo will begin next month with a view to making the movement of this type of product safer. The idea is to ensure that operators involved in the handling and transportation of this type of goods comply with the rules and technical procedures applicable to the...
Oil prices closed lower on Friday and posted their biggest weekly loss in three months as investors weighed up weak US jobs data and the possible timing of a Federal Reserve interest rate cut. Brent crude futures for July delivery closed 71 cents lower,...