The business performance ratios for SMEs in Maputo province for the second quarter of 2022 point to a slight contraction in business performance in this province compared to the first quarter, reflecting the reduction in turnover, in a context of rising production costs. The information is contained in the report of the Business Robustness Index a few days ago...
Author: Valdo Mlhongo (Valdo Mlhongo)
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"Q2 business performance improved over Q1, although lower than expected" - CTA
The Confederation of Mozambican Economic Associations (CTA) says that macroeconomic indicators showed a slight improvement trend compared to Q1 2022, with the Macroeconomic Environment Index recovering about 1 percentage point, from 49% to 50% in Q2 2022. According to the CTA, the improvement is justified...
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Port of Maputo launches Portfolio Program to Support MSMEs
The Port of Maputo recently launched at FACIM a program called Portfólio, an initiative to support and value the local supplier through which Mozambican micro, small and medium enterprises and individuals can have access to opportunities to supply products and services to the Port of Maputo, create partnerships and networking.
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"New chapa fare will not be reflected in the citizen's pocket" - FEMATRO
The President of the Mozambican Federation of Road Transport Carriers Associations (FEMATRO) said today that the new transport tariff that was approved weeks ago by the Government will not reflect in the pocket of the passenger. "What will happen is that the passenger will continue to pay the same value and the remainder the State will put,"...
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"Package of measures renews confidence in the national economy" - CTA
The Confederation of Business Associations of Mozambique (CTA) says that the announcement by the President of the Republic regarding the economic acceleration measures represents a strengthening of confidence in the public-private dialogue because, "in the history of this dialogue, there is no record of the Government, in such a short time, responding positively to several questions posed by the private sector." ....
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"Renewable energy is the future"
Mozambique should start preparing for the energy transition, says consultant in renewable energy and climate change, Manuel Mota, in an interview to MZNews. During the interview, the consultant defended the need to decarbonize the economy, stating that renewable energies are the future. Mota also said that the income derived from the exploration of gas...
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Use of Vehicular Natural Gas saved the country 50 million liters of fuel
It is still not a real option, but the use of Vehicular Natural Gas (CNG) in vehicles has already saved the country the import of about 50 million liters of fuel in the last ten years, says the executive director of Autogás, João das Neves. For users, the responsible for the Autogás company said that these,...
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Vulcan responds to strikers' concerns and warns: "there is no room for any compensation"
After weeks ago, workers of the mining company Vulcan, have paralyzed the activities alleging that the company "has a reputation of mistreating the worker" and breach of contracts, Vulcan came to the public to inform that maintains the commitment and guarantee of maintaining the posts and working conditions without termination of contracts and, in this sense,...
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"Our strategy is digitalization"
Ecobank Mozambique wants to continue to grow and elevate the brand in the Mozambican banking market, but with a focus on the digitalization of services. EcoBank is a subsidiary of the Ecobank group, which owns over 90% of Ecobank Mozambique. It has been operating in the Mozambican banking market since 2014 and currently has four branches...
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Standard Bank remains "robust and profitable".
It seems that the crisis caused by Covid-19 did not greatly affect the Mozambican banking sector that in general has been showing positive financial results. "2021 was another year in which Standard Bank achieved very positive results. We reached net income close to 5 billion meticais, only 9% below 2020," says Bernardo...