This could be the end of a protracted court case involving the alleged natives of the Marracuene district and the Milhulamete company over space located on the extension of the ring road in Marracuene. The Maputo City Court has just ruled in favor of the Milhulamete company regarding the Right to Use and Benefit from...
The Bank of Mozambique recently issued two notices on cyber risks, introducing a series of requirements that are now mandatory for local credit institutions and financial companies to comply with. Reacting to this measure, Ernst & Young (EY), an international auditing firm, considers that this is a...
Mozambique is a rich country with a vast expanse of land. It has diverse natural resources from Rovuma to Maputo and from Zumbo to the Indian Ocean. Liquefied natural gas alone, the export of which begins in November 2022, has a gigantic wealth, with more than 120 billion cubic feet hidden in the province of...
The Nedbank group once again achieved a positive financial performance in 2023, despite the challenging macroeconomic environment. This year, net income increased by 11% to 15.7 million rand, according to figures released yesterday in Maputo by the financial institution. The good economic performance was driven by an operating result...
The Frelimo party's list of pre-candidates, from which the candidate to run in the seventh presidential and legislative elections that will take place next October, is still in the secrets of the gods. Meanwhile, the party has announced the creation of the Central Office for the preparation of the presidential elections, the leadership of which is in the hands of the secretary...
This Wednesday, the President of the Republic, Filipe Jacinto Nyusi, will address the Assembly of the Republic to report on the General State of the Nation. In his report to the nation, Filipe Nyusi will share the general situation of the country, highlighting the progress and constraints made during the year that is about to end, challenges and prospects. The country...
Around 314,000 tourists will be able to enter the country during the festive season, the National Director of Tourism, Edson Valá, revealed today at a press conference. To this end, Valá said that various actions are currently underway as part of the national well-serve program, with emphasis on well-serve campaigns, visits to...
The Government, represented by the Mphanda Nkuwa Hydroelectric Project Implementation Office (GMNK), Electricidade de Moçambique (EDM), Hidroeléctrica de Cahora Bassa (HCB), and the Strategic Partner signed two Partnership Agreements for the Implementation of the Mphanda Nkuwa Hydroelectric Project in Maputo today, formalizing the partner's entry into the project. This is the beginning of...
This was the solution found for both parties and puts an end to litigation started four years ago in the London Court by the Mozambican state against Credit Suisse. "The Mozambican state has reached an out-of-court settlement with Credit Suisse and the other members of the banking syndicate that financed the Proindicus project," said Minister...
He's five years old and has no penis or testicles... because of someone else. We'll get to that. He survived by some miracle. The doctors in the operating room are trying at all costs to rebuild his penis with fat and muscle, but there's a warning: "It won't work in the first instance," explains Igor José Vaz, the surgeon who...