Renewable energy around the world hit a record growth of 15.1% last year, reaching an output of 4,448 gigawatts (GW), according to a new statistical report from the International Renewable Energy Agency (IRENA). According to the report quoted by the newspaper Negócios, the data shows that most of the increase was due to...
More than 850 customers of the Electricidade de Moçambique (EDM) company in the Malhangalene, Mafalala and Alto-Maé neighborhoods in Maputo city are without electricity due to a fault. According to a statement released by the state-owned electricity company, the fault occurred in a medium-voltage cable that feeds the N2 disconnection post, on Avenida Acordos de Lusaka,...
The Zóbuè border post, located in Tete province and one of the main entry and exit corridors between Mozambique and Malawi, has recorded an estimated loss of around 6.6 million meticais, as a result of the interruption in the collection of road and customs transit fees. According to a report in the newspaper Notícias, the impact...
The National Roads Administration (ANE), Nampula delegation, defends the need to review the construction standards for bridges and roads, in order to make the infrastructure more resilient to climatic events. According to the ANE delegate in Nampula, Mateus Espírito Santo, quoted by the Rigor newspaper, the roads and bridges in the province are not...
The governor of the Bank of Mozambique (BdM), Rogério Zandamela, assures that liquidity in the financial system is sufficient, following the reduction in the coefficients decided in January. Speaking this Wednesday (26) after the meeting of the Monetary Policy Committee (CPMO), which decided to reduce the MIMO monetary policy interest rate from 12.25% to 11.75%, Rogério...
The government warns that the country's current public debt is on a strong upward trend and fears that it could jeopardize this year's State Budget (SB). For this reason, the Executive wants to review the country's Public Debt Strategy for the 2026/2029 period. Speaking this Wednesday (26), at the end of the first session...
Mozambique is speeding up preparations for its participation in the world exhibition, called EXPO-2025, to be held from April 13 to October 13 in Osaka, Japan. The Mozambican delegation intends to showcase its potential in sectors such as mineral resources, energy, fishing, agriculture, tourism, culture and social projects, as well as exposing its image to...
The Mozambican Chamber of Commerce (CCM) announced this Wednesday (26), in Maputo, that by decision of the general assembly of this organization, it was decided to support the candidacy of Álvaro Massingue for the presidency of the Confederation of Economic Associations of Mozambique (CTA), currently led by Agostinho Vuma. This is the second time that Álvaro Massingue has run for the leadership...
The Bank of Mozambique (BdM), through its Monetary Policy Committee (CPMO), decided this Wednesday (26) to reduce the monetary policy interest rate, MIMO rate, from 12.25% to 11.75%. The measure, according to the BoM, stems essentially from the maintenance of a single-digit inflation outlook in the medium term, despite the increase in uncertainties...
The President of the Republic, Daniel Chapo, has called on Parliament to "urgently" schedule consideration of the bill approving the political commitment to inclusive national dialogue. "The Head of State has urgently requested that it be scheduled in accordance with the compromise established between the government and the political parties represented in the Assembly of the Republic, in...