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...
The Minister of Health says he is open for dialogue with the Association of United Health Professionals of Mozambique (APSUSM) to find solutions to the concerns, which forced a national strike, whose first day, yesterday, was marked by the absence of some employees in health units. It is recalled that the health professionals announced, a few days ago,...
The leader of Renamo, the largest opposition party, Ossufo Momade, minimizes the challenges to his leadership by some guerrillas, and says he will fulfill his mandate until the end. In recent times, some Renamo guerrillas have been contesting the leadership of Ossufo Momade, whom they accuse of mismanaging the...
South Africa is evaluating the possibility of holding the BRICS Summit in Mozambique next August to avoid arresting Russian President Vladimir Putin. China is also an option. The summit is still scheduled to take place in Gauteng, Johannesburg, South Africa, between 22 and 24...
The Budget Monitoring Forum (FMO), an association of Mozambican civil society organizations, on Sunday applauded the extradition of former finance minister, Manuel Chang to the US. For this Public Accounts Forum, it hopes that Chang's going to the US will help shed light on the hidden debts case. ?FMO...
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...
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...
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...
The heads of diplomacy of the BRICS countries (Brazil, Russia, India, China and South Africa), began discussing yesterday, Thursday, in Cape Town, the creation of a new ?multipolar? world order. This Thursday, the ministers defended the new order at the beginning of a two-day meeting, in which they are also...
A report published this Thursday estimates that the world's capacity to produce electricity from renewable sources will increase threefold this year due to rising fossil fuel prices and concerns about energy security. According to the International Energy Agency these factors are ?driven by a strong deployment of renewable...
