The Mozambican Tax Authority (AT) announced yesterday, Saturday (09), the reopening of the Ressano Garcia border crossing, which had been closed following the vandalization of its infrastructure during the demonstrations last Thursday (07). In an AIM publication, AT spokesman Fernando Tinga said that all the legal conditions had been created for the...
The CTA - Confederation of Economic Associations of Mozambique has expressed its opposition to the "proposed general strike" that is due to take place this Monday, October 21. At a press conference held today in Maputo City, the members of the CTA, in addition to considering it a mixture of political issues, repudiated the fact and called on all companies not to...
The Confederation of Economic Associations (CTA), the largest employers' organization in the country, believes that instability in the payment and transaction system is creating significant negative impacts on the economy and on the confidence of users of the national financial system, as well as on the business environment. According to the president of the Information Technology and...
The public company Electricidade de Moçambique (EDM) reports an estimated loss of 10 million meticais due to the damage caused by the severe tropical storm "Filipo" as it passed through Inhambane province, in the south of the country. According to EDM, the storm knocked down 73 medium- and low-voltage grid posts, covering a distance of 3.5 kilometers,...
Businesspeople in Cabo Delgado, in the north of the country, say they are accumulating losses as a result of the upsurge in terrorist attacks in recent weeks. The warning was given by the president of the Cabo Delgado Business Council. The president of the Cabo Delgado Business Council, Mamudo Irache, stressed that businesspeople in the northern province of the country...
The new president of the Mozambican Football League (LMF), Alberto Simango Júnior, advocates a sustainable institution that makes more profit than losses at the end of each soccer season. According to Simango Júnior, who was speaking moments after taking office as the league's new president, an event that took place last Friday in Maputo to transform the...
Extreme storms and other natural disasters cost the world around 250 billion dollars in damages last year, and less than half of that amount, 95 billion dollars, was actually covered by insurers, according to data compiled by Munich Re and released on Tuesday. In a report published by...
Mining giant Rio Tinto has agreed to pay $28 million to a US court to end a fraud case in Mozambique. It was accused of hiding losses from its coal investment. According to the specialized press, which cites the decision of the Manhattan federal court on the lawsuit brought by the SEC,...
The screenwriters' and actors' strike in Hollywood has already cost California around five billion dollars, according to the Milken Institute, but the artists "still have energy" and won't give in, said American actor Chris Marrone. "People are tired, but not discouraged. They still have energy," he said. "We're in this together and we're not...
Last year, Electricidade de Moçambique (EDM) accumulated more than 23.8 million dollars in damages caused by the cyclones that affected the country. According to EDM's final accounting, the extensive damage in 2022 resulted in the collapse of medium and low voltage power poles, causing the unavailability of...