The measures to mitigate the impact of the world economic crisis in Mozambique will be presented by the Government in the first fortnight of August, announced this Wednesday the President of the Republic. "My Government is producing measures for the mitigation of the socio-economic impact of the reality experienced and they will be the object of disclosure during the first fortnight of the next...
Credit Suisse CEO Thomas Gottstein resigned today and is to be replaced by Ulrick Korner as of August 1, the bank said in a statement. Thomas Gottstein's departure comes after the bank reported first-half losses of CHF 1,866 million (EUR 1,913 million),...
The Municipal Assembly of Maputo City approved today, new fares for public passenger transport with an increase of seven meticais. Thus, for distances up to 10 kilometers, the fare increases from 12 to 19 meticais and over 10 kilometers from 15 to 22 meticais. The municipality says that the increase will not...
The businessman Ibrahim Seedat, who was kidnapped in the city of Chimoio, province of Manica, on the night of July 7, returned on Monday to his family life after his peers paid for his ransom. In a press conference the Police of the Republic of Mozambique in that city confirmed the return of the businessman. "The police are coming for
Mozambique will receive $5.6 million disbursed by the African Development Bank (AfDB) to promote food security and resilience in locations devastated by Cyclones Idai and Kenneth in 2019. "This additional funding is provided under the Bank's African Emergency Food Production Facility, with the aim of building resilience...
The Russian gas company Gazprom reduced this Wednesday "for technical reasons" the supply to Germany corresponding to the fifth part of the capacity of the Nord Stream pipeline, indicate the data published on the company's official website. The reduction of Russian fuel flow began at 09:00 in Moscow (07:00 in Maputo) and according to information that...
The Government assured, this Tuesday, that it will complete the review of errors in the Single Wage Table (TSU) by the end of this year, at the same time advancing hovering uncertainty about the start of payment to employees not contemplated in the new wage calculations. According to the Government, this month the payments based on the TSU for...
Mozambique has increased production of certified seeds by 18% in the 2021-2022 agricultural campaign reaching 12,000 tons against just over 10,000 tons in the previous campaign, said Tuesday the government spokesman. Speaking at the usual briefing after the Council of Ministers meeting, Filimão Suaze said that this increase in...
Piped cooking gas could reach half the neighborhoods of the Mozambican capital by 2030, according to Government guarantees. This will be an alternative for the group of families covered to mitigate the high costs of fuel, considered today the National Director of Hydrocarbons and Fuels in the Ministry of Mineral Resources and Energy (MIREME), Moisés Paulino....
The International Monetary Fund (IMF) today maintained its growth forecast for sub-Saharan Africa at 3.8% this year and 4% in 2023, noting that the country outlook remains "unchanged or positive." "The outlook for countries in the Middle East and Central Asia and sub-Saharan Africa remains, on average, unchanged or positive,"...