Moisés Jorge is the new Chairman of the Board of Directors of Millennium bim, the main bank in the Mozambican financial system. Moisés Jorge is a senior manager at Millennium bim, having joined the team that opened the bank the following year in 1994. Throughout his professional career, he has held various positions, including...
Mozambican businessman Salimo Abdula is the new Chairman of the Board of Directors of Vodafone M-Pesa. The announcement will be made next Monday in Maputo, according to the newspaper Savana. A note from Vodafone-M-pesa indicates that "with vast experience and a proven track record of strategic leadership, Salimo Abdula takes over the leadership of M-Pesa...
Hidroeléctrica de Cahora Bassa (HCB) S.A. ended 2023 with production of around 16,057.55 GWh, a figure that represents 12.36% above that year's projections and 2.0% above the volume of production achieved in 2022. "The annual production achieved by December 31, 2023, is the highest in recent...
The presenter and PCA of TV Sucesso, Gabriel Júnior, reported last night (12. 11) that he was receiving death threats. "I want to ask you to pray for me, because for the last two weeks I've been receiving death threats. I immediately notified the authorities and the authorities immediately acted to...
The budget of the Assembly of the Republic (AR) for next year (2024) will be revised downwards, with a reduction of around five hundred million meticais. The President of the Board of Directors of the legislative body, Helder Injojo, said quoted by Rádio Moçambique that the proposal, approved this Wednesday, aims to quantify the financial needs...
Angola has more than a million carats of diamonds in storage, waiting for the market price to improve so that they can be sold, the chairman of the board of directors of the Angolan National Diamond Company (Endiama) said today. José Ganga Júnior, quoted by Angolan news agency Angop, was speaking yesterday in Dundo, the provincial capital...
As part of its efforts to reaffirm itself in the market and as one of the main banks operating in Mozambique, Moza marked its fifteenth anniversary this June with an increase of more than one billion meticais in its share capital. With this increase, Moza's share capital...
Economist Tomás Matola is stepping down as Chairman of the Board of Directors of Banco Nacional de Investimentos (BNI) to head up Hidroeléctrica de Cabora Bassa (HCB). Matola succeeds Boaventura Mahambe, who has held the position since March 2021. Tomás Matola, 44, has had remarkable success in running BNI, placing the...
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...
Last year, Hidroeléctrica de Cahora Bassa's (HCB) production volume increased by around 5.9% compared to 2021. As a result, by December 31, 2022, the company had produced 15,753 GWh compared to the 15,693 GWh forecast for the same period. In a statement, HCB, one of the largest...