In the province of Tete, certain public institutions, may respond in court, due to the embezzlement of funds intended for the emergency, in the context of covid-19. The irregularities include the direct adjustment for the provision of services and the purchase of goods without proper justification and the payment of allowances to individuals who are not...
Absa Bank Mozambique promotes a pan-African campaign of Youth Empowerment for the labor market - Ready to Work. It aims to equip them with strategic tools for the transition from academic life to the professional world, also promoting the development of interpersonal skills, communication skills, financial, business and professional skills. O...
The reconstruction of the districts affected by terrorism in Cabo Delgado province may cost the state coffers a little more than 638 million meticals, according to an evaluation of the Ministry of State Administration and Public Service. The work will contemplate seven districts, whose infrastructures were destroyed by the terrorists who acted in the province since the end of...
Standard Bank is optimistic about the development of the commercial real estate sector in Mozambique, driven by the easing of restrictions imposed by the coronavirus pandemic and, mainly, by the imminent start of the export of Liquefied Natural Gas (LNG) by the floating platform of Coral FLNG Project. The optimism, according to the bank, is also due to the possible recovery in the short term...
The Minister of Transport and Communications, Mateus Magala, met with FEMATRO to discuss how the parties can define reforms that ensure a decent and safe transport system. Mateus Magala has been in charge of the Ministry of Transport and Communications for a little over a month. And since he took over the portfolio he has been...
Moroccan business sector gains interest in investing in the Mozambican financial market and wishes to realize this objective within a few days. Information released by the Confederation of Business Associations of Mozambique (CTA) indicates that the Moroccans consider the U.S.-Africa Business Summit, to be held this week (July 19-22) in...
The administrative post of Chimuara, in Zambezia province, will have a solar power plant valued at about 43 million dollars and will, in a first phase, produce 30 MegaWatt (MW), starting in 2024. The project is being developed by the company SunMoz, constituted by the Mozambican Checunda Investimentos and the British...
The Super Boa Farm company, of national capital, will invest about 225 million meticais for the planting of cashew trees, in large scale, in the administrative post of Macuacua, district of Mandlakazi. The project is in the pilot phase. According to the newspaper Notícias, about one thousand hectares are available, and the next phase, which...
"An economic tsunami" is about to hit developing countries, especially in Africa, the president of the Center for Global Development (CGD) and the executive secretary of the UN Economic Commission for Africa (UNECA) have warned. "An economic tsunami is about to engulf the developing world and many poor countries are simply not prepared...
Turkey's defense minister confirmed days ago that negotiations between Russia, Ukraine, Turkey and the United Nations have resulted in an agreement to form a coordination center to ensure the safety of grain transport routes. Quoted in a statement, Turkey's Defense Minister Hulusi Akar says that a...