Access Bank Mozambique reaffirmed the desire to continue to contribute to the economic and financial development of micro, small and medium national companies (SMEs), through the creation of mechanisms that facilitate the bureaucratic processes and boost business. The intention was manifested during the Mozambique-Nigeria Investment Forum, held on the 29th and 30th of...
The Minister of Justice, Constitutional and Religious Affairs of Mozambique said yesterday that the country will sign more extradition agreements so that foreigners sentenced in the national territory can serve sentences in their countries and decongest prisons. Helena Kida was speaking after a visit to Nldlavela Women's Prison in Maputo province. "We have...
The government of Palma district, in Cabo Delgado, says conditions are created for the resumption of economic activity and reception of investments, one year after the terrorist attack on the district town. In fact, according to the director of economic activities of Palma, Issa Assumane, there are more and more, in the last days, economic agents and the population that...
The increase in the cost of borrowing for low-income countries has risen by 5.7 percentage points on average, three times as much as the rise in interest rates in the United States, driving two-thirds of poor countries away from financial markets. According to data from the non-governmental organization (NGO) 'Debt Justice', "the average interest rate...
A paralysis in the system of migratory service and South African customs clearance generated, yesterday morning and early afternoon, long lines of people and vehicles on both sides of the border of Ressano Garcia, in Maputo province. On the Mozambican side, the queue of vehicles started in the KM-4 area, while at the Ressano Garcia border, the queue was...
Terrorists have again carried out two more attacks and killed, by decapitation, three people, all males, in the districts of Meluco and Macomia, in central Cabo Delgado, reports "Carta". According to Carta, the two attacks took place last Friday, the first one in the morning, in the fields of the village...
The Artisanal Fisheries and Aquaculture Census starts today in the country, which will produce updated statistical knowledge about the existing fishing resources for a good management. According to a press release from the Ministry of Sea, Inland Waters and Fisheries, the process will be launched in Maputo city, under the guidance of the Minister of the sector, Lídia Cardoso....
Gas demand in Europe will suffer a record 10% drop this year due to escalating prices, slowing Russian exports and contractionary policies on consumption, the International Energy Agency (IEA) said today. The scenario is outlined by the IEA in its quarterly report on the gas market in which, acknowledging...
Mozambique has lowered the proportion of gas tax revenues that it will allocate to the sovereign wealth fund it is preparing, down from 50% to 40% in the first fifteen years, reports Lusa citing the Bloomberg financial information agency. Draft legislation that has not yet been approved indicates that 40% of tax revenue from the...
Candidate Luís Inácio Lula da Silva and the current Brazilian head of state will contest the second round of Brazil's presidential election, which takes place on October 30. According to official data, Lula da Silva obtained 47,85% of the votes in the first round while Bolsonaro had 43,70%, when 96,93% of polling stations are counted....