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...
Author: Valdo Mlhongo (Valdo Mlhongo)
Frelimo creates Central Office for the Preparation of Presidential Elections, but does not publish list of pre-candidates
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...
PR goes to Parliament this Wednesday for the report on the General State of the Nation
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...
Festive season: More than 300,000 tourists will be able to enter 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...
Government and partner sign agreement to implement Mphanda Nkuwa project
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...
Mozambican state reaches out-of-court settlement with Credit Suisse
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...
A child escaped death after having his organs amputated. Doctors "work hard" to rebuild, but warn: nothing will ever be the same again
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...
Nedbank records growth in 19% in the first half. Triple the record in 2021
The wave of good results continues at Nedbank Moçambique. The financial institution "fattened" 19%, to 402 million Meticais compared to the 338 million Meticais recorded in June 2022. The Chairman of the Executive Committee of Nedbank Moçambique, Joel Rodrigues, speaks of a trend of continuity in recent results...
Turning dreams into reality
Allen Macuácua started his business at the age of 12. Today, while still in his prime, he runs First Education, a platform whose ultimate goal is to help students realize their dream of studying abroad. It was out of a need to solve a problem in Mozambican society that Allen Macuácua decided to create First Education, a platform...
Nália Agostinho launches "Interludes of Life" in Madrid
"Interludes of Life" is the title of the newest exhibition by artist Nália Agostinho, recently launched in Madrid, Spain, where she is currently "staying". The exhibition is made up of 27 works that were made over a period of one year, and portray a very difficult period in the young artist's life, marked by "loves", but...