The Electricity Company of Mozambique (EDM) revealed today that it has recorded, from January to date, losses of about 95 million meticais, due to the vandalization of electrical equipment. According to the Director of Revenue Protection and Loss Control at EDM, Amilton Alisson, there are cases of children being involved in acts of vandalization...
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Government says fuel price increase was inevitable
The Minister of Mineral Resources and Energy, Max Tonela, said Monday that the increase in fuel prices in the country prevented a collapse in supply because importers and distributors in the sector were operating at a loss
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Terrorism generated more than 42 million meticais in losses in the business sector
Terrorism in Cabo Delgado has generated an estimated loss of more than 42 billion meticais in the province's business sector
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EDM Reports 10 Million in Losses from Cable Theft
Mozambique Electricity Company (EDM) in Nampula province, reports losses of about ten million meticals due to theft and vandalism of its infrastructure from January to this part. Isalde Guerreiro, the replacement of EDM's director in the Nampula branch, announced on Tuesday, following the presentation to journalists, by the National Service...
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August 30, 2021August 30, 2021Companies, Real Estate
Teixeira Duarte worsens losses to 19.9 million euros in the first half
Retraction of the economy due to the pandemic and currency devaluation resulted in a reduction in the group's revenues of 13.9% in the first half of the year. In Portugal, Teixeira Duarte grew 36% in real estate and contracted 29% in hotels
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"Pandemic year was the worst ever for airlines," IATA estimates
The International Air Transport Association (IATA) said Tuesday that 2020 was "a year to forget" for the sector, after it suffered declines of 60.2% in passenger numbers and 69% in revenue from the previous year
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EDM posted losses of $42 million in the first quarter of this year
Electricidade de Moçambique (EDM) has been registering power losses for technical reasons linked to the inefficiency of the transmission and distribution infrastructures, and also because of human action with emphasis on meter tampering, customer debts and clandestine connections
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May 11, 2021May 11, 2021Business
Alcoholic beverage sector suffers damage from pandemic restrictions
The Association of Producers and Importers of Alcoholic Beverages complains of heavy losses resulting from the restrictions imposed by the Government