Mozambique will lose seven percent of its Gross Domestic Product (GDP) in 2019 due to the economic impact of tropical cyclone Idai, according to the Japan International Cooperation Agency (JICA). Speaking today on the impact of climate change on the economy, JICA Mozambique Deputy Chief Representative Chiaki Kobayashi said this demonstrates the vulnerability of the...
Author: Emidio Massacola (Emidio Massacola)
Post
TotalEnergies may resume operations in Cabo Delgado this year
The French oil company TotalEnergies may resume the exploration operations of Liquefied Natural Gas (LNG) in the Rovuma Basin, in Cabo Delgado province, as soon as the conditions are created, promised today the Minister of Mineral Resources and Energy. The Government and TotalEnergies are constantly holding technical meetings to evaluate the situation in the province to assess...
Post
Tolls consume 80% of the Mozambican families' basket
The cost of toll fees for a motorist with a lower class car comes to 80% of the basic ideal basket per person, according to the Center for Democracy and Development (CDD). "These fees imply a monthly expenditure of 6,720 meticais for an average of 21 working days of work, about...
Post
Seven Mozambicans among 84 suspected of raping music video models
Seven Mozambicans are among 84 citizens of other nationalities accused of sexually violating eight women, from a group of 12 models, during the recording of a music video, on Thursday last week, in a dump of Krugersdorp mine, in the province of Gauteng, South Africa, according to local police. Among the suspects, four...
Post
Mozambique presented badjias as an export product in Macau
The economist and former Minister of Industry and Trade, Ragendra de Sousa, revealed this Thursday that a Mozambican delegation presented "badger hamburger" as a product for export at a trade fair in Macau (China), when he held the ministerial portfolio. Ragendra said that the country should adopt a more professional attitude so that the...
Post
Portuguese coach forced to pay 1,5 million meticals fine
The Portuguese athletics coach, Alberto Mario, must pay a fine of 1.5 million meticals for having remained in Mozambique illegally. Even if the coach pays the amount immediately and in full, he is forced to return to Portugal where he must begin the process of regularizing his stay in Mozambique, according to...
Post
Importing wheat may become more expensive this semester, but the impact can be circumvented
The recent grain import agreement reached between Russia and Ukraine will in no way be able to reduce the cost of importing wheat, but according to the Chairman of the Board of Directors of the company Silos and Grain Terminal of Matola (STEMA), the mills can circumvent the negative impact. The mills should be quick to purchase...
Post
Young people opt for the informal market due to excessive bureaucracy and costs to open companies
The excess of procedures in the processing of documents and high costs to formalize a company is seen by the Center for Democracy and Development (CDD) as the main factor that leads young people to "opt" to develop their businesses in the informal(ized) sector. "Due to the excessive bureaucracy and costs involved, many young people end up giving up...
Post
Fuel entrepreneurs say there is no solution to lower the price and that "the situation will get worse".
The Confederation of Economic Associations-CTA said today in Maputo that there is no solution in the short term to minimize the impact of fuel price escalation in Mozambique given the international situation. "There is no solution to prevent the rise of fuel prices in the country. There is no one to blame, because in fact it is an international dynamic,...
Post
Which country has the cheapest gasoline price? Less than 2 meticais per liter. "Full tank for less than 80 meticais
It's in the headlines of the world's biggest and best newspapers: "fuel prices are progressively escalating". The reasons are several, mainly this two: the post-Covid-19 deconfinement and, soon after, the Ukrainian Russian war. Why? They are giving meaning to the assumption of "white gold" that the world imputes to crude oil...