The Ministry of Justice, Constitutional and Religious Affairs (MJACR) is looking for a specialized company capable of guaranteeing the security of projects under development in Cabo Delgado province. The activity, according to Notícias, is part of a risk and security plan for that part of the country, and should cover some districts. The company for...
According to a study released today, Sunday (04), by the Centre for Public Integrity (CIP), a Mozambican non-governmental organization (NGO), Zohra Group, a business group suspected of involvement in money laundering, and whose premises were recently raided by the Public Prosecutor's Office, has won millions of meticais in contracts for the supply of goods...
Various sectors of Mozambican society are calling it a corrupt and illegal deal for a company led by figures linked to ruling political parties in Mozambique and Rwanda to provide unarmed security services to the French multinational TotalEnergies camp in Afungi, in Cabo Delgado province, northern Mozambique. In a publication...
South Africa's state-owned energy company, Eskom, is expected to publish figures showing an annual loss of 15 billion rand (823 million dollars), the Financial Times reported a few days ago. According to Reuters, which quotes the Financial Times, the loss is largely due to the fact that Eskom has...
Google has reached a valuation of 2 billion dollars, an unprecedented level in the 25-year history of the US company, joining Microsoft, Apple and Nvida. Google's historic valuation, according to Ao Minuto, was reached after the financial results for the first quarter of 2024 were revealed, with the success...
Hidroeléctrica de Cahora Bassa (HCB) was the company that paid the most dividends to the state shareholder in 2023, to the tune of 4,643.3 million meticais, according to last year's Balance Sheet of the Economic and Social Plan and State Budget (PESOE), made public recently. The 2023 dividend figure represents an increase of 42.5%...
E-commerce company eBay is to lay off around a thousand workers, approximately 9% of its full-time employees, and reduce the number of outsourced workers. A report published today by the Bloomberg news agency states that the company is justifying the move by saying that the number of workers and expenses have outstripped business growth,...
CFM Logistics is the name of the new company presented to the country on Thursday in Maputo by the railway company Caminhos de Ferro de Moçambique. It will operate in the growing oil and gas logistics chain, namely in transportation, maritime and rail services, and storage. The company comes against the backdrop of new discoveries...
In an update... In April 2023, the National Fund for Sustainable Development (FNDS) awarded five million-dollar lots from a public tender to a one-man company that had been set up for around two months by the time the award was published. The tender was launched in 2022, and the lots are valued at more than 19 million...
Even after the proclaimed announcement of the recovery of 47.3 million dollars, made last week by the new managers of LAM (Fly Modern Ark), the Center for Public Integrity (CIP) says that LAM remains a technically bankrupt company. The arguments put forward by the CIP are that the 47.3 million dollars "recovered" by the...