The Mozambican state lost around 4.5 billion meticais during the three days of violent demonstrations, due to the interruption of migratory movement at the Ressano Garcia Border, in Maputo province. On a daily average, the Ressano Garcia border allows the state to collect around 1.5 billion meticais, said...
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...
Electricity of Mozambique (EDM) in Cabo Delgado suffered losses of 4 million meticais during the first quarter of 2024, as a result of clandestine connections, theft of transformer oil and vandalization of infrastructure. "In the first three months we are estimating almost 4 million meticais in terms of what we...
The Israeli offensive in the Gaza Strip caused an estimated 18.5 billion dollars in damage to critical infrastructure between October 7 and the end of January, according to a report released yesterday. This figure, calculated in a joint study by the World Bank (WB), the UN and the European Union (EU), is the first estimate of the effects of the...
The damage caused by the rains at the beginning of the year to the sugar cane fields and equipment of the Maragra sugar company has already led to losses estimated at 3.6 billion dollars. In the agricultural fields alone, losses amounted to 470,000 tons, around 1.6 billion meticais. These losses have damaged the company's productivity,...
The Center for Democracy and Development (CDD) predicts that soon, with the new management, Hidroeléctrica de Cahora Bassa (HCB) will enter a new phase of financial distress due to its high level of debt. The NGO calls on shareholders to monitor the company's operations and demand transparency in the accounts. HCB...
Banana production in Mozambique and the rest of Africa could be jeopardized by the spread of the fungus Fusarium oxysporum (TR4), which has caused significant losses in other producing countries. Cavendish banana (common banana) plantations in Mozambique, where the disease was first recorded on two commercial banana farms in 2013,...
Last year, the Mozambican state lost around 80 million meticais due to the tax authorities' delay in forwarding fines to the Police Court. On average, the country loses around 60 million meticais every year. Most of the cases that come before the Court...
Electricity of Mozambique (EDM), a state-owned company, recorded a loss of 6.7 billion Meticais in 2022, according to a press release to which MZNews has had access. According to the Chairman of EDM's Board of Directors, Marcelino Alberto, who was speaking yesterday at a meeting to review the financial year for 2022, the results...
The company Caminhos de Ferro de Moçambique (CFM) incurred losses of 25.5 million dollars, caused by Cyclone Freddy. The figures were shared yesterday (09.03) by the chairman of CFM's board of directors, Agostinho Langa, at the opening of the XXVI Board of Directors of the national rail-port logistics and handling giant, which is taking place in Matibane, district...