Author: Salvador Baloi (Salvador Baloi)

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?Aumento das reservas obrigatórias aos bancos comerciais pode ter consequências imprevisíveis?

Increase in reserve requirements for commercial banks could have unforeseeable consequences?

Businessmen warn that the increase in compulsory reserves required of Mozambican commercial banks may have unforeseeable consequences for the country's financial system. At issue is the increase in reserves that banks must keep with the central bank (parked money, without remuneration): the regulator decided this week to raise the coefficients to 39% of liabilities...

Banco Mundial apoia no abastecimento de água às famílias vulneráveis na Beira

World Bank supports water supply to vulnerable families in Beira

The Mozambican Government announced yesterday in Beira city subsidies for needy families to have access to water supply networks in four central and northern provinces of the country. The Minister of Public Works, Housing and Water Resources revealed yesterday that ?the Government of Mozambique and the World Bank have agreed to implement a program of water supply...

CIP diz que cortes nos salários dos dirigentes são ?insignificantes?

CIP says leaders' pay cuts are ?insignificant?

The Center for Public Integrity (CIP) considers "insignificant? the cuts in salaries of state leaders, intended to contain spending on pay. Reductions in the salaries of deputies, ministers and other holders of public bodies and the administration of justice, under the Single Wage Scale (TSU) were approved by consensus and in...

Syrah Resources nega ilegalidade no despedimento de trabalhadores em Balama

Syrah Resources denies illegality in the dismissal of workers in Balama

The company Syrah Resources, which explores graphite in Cabo Delgado, said yesterday that the expelled workers have incurred disciplinary proceedings after being involved in an ?illegal strike? at its mine in Balama. According to the company, in a statement quoted by Lusa, given the extensive and illegal nature of the actions undertaken by the group, proceedings were eventually instituted...