In January of the current hydrological year 2024/25, the Cahora Bassa Reservoir recorded an improvement in inflows, which resulted in a slight recovery in storage and stability in the reservoir's level for the hydro-energy production required to meet the energy needs of Mozambique, South Africa and other...
Mozambique advocates strengthening international cooperation to combat the risks associated with the growing use of Artificial Intelligence (AI). The position was defended by the Mozambican Minister for Foreign Affairs and Cooperation, Verónica Macamo, this Thursday in New York City, at an open debate of the UN Security Council on the maintenance of peace and...
The Bank of Mozambique recently issued two notices on cyber risks, introducing a series of requirements that are now mandatory for local credit institutions and financial companies to comply with. Reacting to this measure, Ernst & Young (EY), an international auditing firm, considers that this is a...
The proposal to revise the National Payment System Law, published by the Bank of Mozambique (BM), stipulates that payment system operators in the country must report risks of insolvency or inability to meet their financial obligations within five days. Within this period, operators will also be able to notify the BM...
The World Bank warned yesterday that an escalation in the Middle East conflict could push the price of oil to unknown levels, which could be reflected in a global increase in the price of food. According to the most recent edition of the World Bank's report, quoted by Lusa, on Commodity Market Prospects, "currently the economy...
The environmental consultancy firm, Consultec, assures that no fatal issues have been identified, namely unacceptable environmental and social risks, which could compromise the viability of the hydrocarbon exploration project called Coral Norte, to be developed in the Rovuma basin. This assurance was made public by Emanuel Viçoso, project coordinator at Consultec, on Friday,...
A study on the governance of extractive resources, carried out by a consortium of civil society organizations, has concluded that the exploitation of natural resources in Mozambique has brought more risks than benefits to local communities. The data from the study was shared yesterday in Maputo by Sérgio Chichava, from the Institute of Social Studies and...
The Mozambican government has received 6.5 million dollars to implement projects to promote disaster resilience in communities affected by natural phenomena and terrorism. According to Notícias, the actions in question will be jointly financed by the South Korean government, through the Korean Cooperation Agency (KOICA), and the...
Analysts criticize the lack of public debate and more information in the process of adopting the Single Wage Scale (TSU) in the country, warning of the risk of unsustainability in the face of state budget limitations. "I don't know if the state will have the financial capacity to support these very high increases. This has implications for the budget...
The two entrepreneurs have created companies positioned in the space tourism sector, with short suborbital flights, and have worked in recent years to build and launch their companies' rockets