The Monetary Policy Committee of the Bank of Mozambique (CPMO) has decided to increase the Interbank Money Market Rate (MIMO) from 13.25% to 15.25 percent, according to a note from the Bank of Mozambique (BM). The MIMO rate is used by the central bank for its interventions in the interbank money market to regulate liquidity. "O...
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March 31, 2022March 31, 2022Latest, National, Technology & Innovation
Mozambique is third African country with 5G technology
Mozambique is the third African country that will commercialize 5th generation (5G) wireless communication technology. This follows the technology pre-launch recently conducted by Mozambique Telecom (Tmcel). Mozambique thus joins the Republics of South Africa and Kenya, with Tmcel being one of the first African operators majority-owned by the state, to...
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March 31, 2022March 31, 2022Latest, National, Technology & Innovation
Public and private sectors must invest in cyber security
Mozambican companies and institutions must invest more in cybersecurity to reduce the impact on their business of cybercrime, as well as the vulnerability that citizens are subject to with the increasing access to Information and Communication Technology (ICT) services, including the Internet. Cybercrime is increasingly becoming...
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Chris Rock's first reaction to being slapped by Will Smith
American comedian Chris Rock spoke out for the first time this Wednesday about the slap he took from Will Smith on Sunday (27) at the Oscars 2022 gala. http://896.424.mywebsitetransfer.com/will-smith-agride-chris-rock-na-noite-de-oscares/ Last night, at the Wilbur Theatre in Boston, USA, the comedian took to the stage for the presentation of his "Ego Death" tour show. Before...
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23 countries in the world have not yet reopened schools properly
The United Nations Children's Agency, Unicef, warned Wednesday that nearly 147 million children around the world have lost more than half of their classroom schooling in the last two years due to the covid-19 pandemic, and two years later, in 23 countries schools have still not fully reopened. The introductory note
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March 30, 2022March 30, 2022Latest, Market Announcements, National
Caetano and Millennium bim bring low consumption vehicles
Caetano Formula Moçambique (Caetano), the official representative of the Renault, Volkswagen and Peugeot brands in Mozambique, and Millennium bim, have established a partnership aimed at facilitating the acquisition of low consumption vehicles in Mozambique, through Car Leasing for the purchase of the new Renault Kiger car. Millennium bim is offering attractive financing conditions for the...
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CASP: Nyusi wants business diversification
The President of the Republic, Filipe Nyusi, today called on businessmen operating in Mozambique to seek new forms of investment in products and services. Nyusi argues that entrepreneurs should not remain dependent on state stimuli, such as tax exemptions. "We would like to see more entrepreneurs adopting the system of exploration and diversification of investments...
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Russian Military Abuses Ukrainian Women
The European Commissioner for Home Affairs, Ylva Johansson, said on Tuesday that the Ukrainian government has accused Russian soldiers of committing numerous cases of rape against Ukrainian women since the beginning of the Russian invasion. According to the official, who was speaking during Parliament's Committee on Women's Rights and Gender Equality...
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Nini Satar: Ink is already flowing on the assassination attempt
The process of the case of poisoning of Nini Abdul Satar, at the Machava Maximum Security Establishment (BO), is in the phase of criminal instruction, according to assurances given by the chief prosecutor of Maputo province. The denunciation about the attempted murder of Nini Satar was made by the inmate himself and by the authorities of the establishment, according to...
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Mozambican scientist attends Nobel Laureates Meeting
The Mozambican scientist, Domingos Macuvele, will participate in the meeting that brings together about 611 young scientists from around the world. The 71st Meeting in Lindau, Germany, will take place from June 26 to July 1. The event brings together Nobel laureates from various fields. Domingos Lusitaneo Pier Macuvele, 35 years old, is...