The government is conducting a census to produce reliable data on areas where minerals occur in non-industrial quantities, in order to curb illegal mining
Author: Salvador Baloi (Salvador Baloi)
National economy remains resilient despite deterioration of the credit portfolio
The governor of the Bank of Mozambique, Rogério Zandamela, said this week that despite the deterioration of the credit portfolio, the "robust level" of capitalization and profitability of the national financial system allowed the country to face the challenges imposed by Covid-19 and other internal and external shocks
"MRM has been the number one contributor in Cabo Delgado province"
Montepuez Ruby Mining (MRM) has been mining rubies in the town of Namanhumbir, Montepuez district, south of Cabo Delgado province for ten years
"We are facing an atypical reality"
For a year now, the pandemic has been shaking several sectors of economic activity in the world. In Mozambique, the beer industry is one of those that has been most affected, because the restrictive measures adopted by the government since the beginning, in March 2020, have shortened the hours of commerce and restaurants, and banned some establishments such as tents and nightclubs as a way to avoid crowds