Moza Banco was elected the best regional bank in Southern Africa for the second consecutive time, by African Banker magazine in a gala that rewards the best in the financial sector on the African continent every year
Companies
Electricity of Mozambique moves forward with reform in the acquisition of goods and services
Electricidade de Moçambique (EDM) intends to make the process of acquisition of goods and services more efficient and transparent, through an ongoing project at the public company
Tete will have Soy Oil refinery industry
The district of Angónia, in Tete province, will soon have a vegetable oil refinery industry with a capacity of 50 thousand liters per year
Mozambique reopens 95% companies during the pandemic
In Mozambique the covid-19 pandemic has led some 2,250 firms to close in 2020. Now, the Minister of Labor and Social Security, Margarida Talapa, has reported that 95% of those firms have already resumed work
LAM standardizes fleet to minimize operational costs
The Mozambique Airline Company (LAM) is standardizing its fleet of aircraft, which should include the sale of Embraer-branded aircraft purchased in Brazil
Port of Maputo launches rail logistics service linking Maputo and Harare
The concessionaire company of the container terminal at the Port of Maputo announced this Monday a dedicated rail link between the Mozambican capital and Harare, capital of Zimbabwe
Liquidation commission has 18 months to extinguish Correios de Moçambique
After the Government decided on the extinction of the public company Correios de Moçambique, last May 25th, it was indicated this Tuesday, a liquidation commission that will lead the process until the end
ADB announces $1 million support for local content
The African Development Bank Group has approved a $1 million grant to boost local content...
Absa Bank reopens its bank branch in Chimoio
Absa Bank Moçambique inaugurated last Friday a new branch model in the city of Chimoio, Manica Province
Port of Nacala exports 28% less coal than expected in the first quarter
The Port of Nacala, in the north of the country, exported 28% less coal than expected in the first quarter of this year
Ncondezi projects the solar energy system to start operating this month
Ncondezi Energy Ltd, has updated the progress of its first commercial and industrial battery project in Moçambiqu
Private sector asks ADB for greater inclusion of SMEs in its financing strategy
The Confederation of Mozambican Economic Associations (CTA) requested the ADB to revise its strategy to allow greater inclusion of Small and Medium Enterprises