Mozambique is practically a "rich country". The fact is that according to consulting firm WoodMackenzie, a leading energy specialist, gas production in Mozambique could overtake Nigeria, the largest producer in sub-Saharan Africa, within a decade. In a report on the gas sector in sub-Saharan Africa, released at the time...
Author: Valdo Mlhongo (Valdo Mlhongo)
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FNB is Africa's most valuable bank
South Africa's First National Bank (FNB) is Africa's most valuable banking brand according to the 2021 Brand Finance Banking 500 ranking. According to the same ranking, FNB is also among the 200 most valuable banks in the world (157th) out of 500 banks, and is listed on the Stock Exchange...
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Launched Tender for Selection of Partner for Mphanda Nkuwa Hydropower Project
The Ministry of Mineral Resources and Energy (MIREME), launched today in Maputo, the Tender for the Selection of the Strategic Partner for the Development of the Mphanda Nkuwa Hydropower Project. "We are fully committed to conducting an open and transparent process, which will allow the selection of investors through criteria based on technical capacity, financial robustness and...
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December 12, 2021February 22, 2022Latest, Featured, Interviews & Reports, National
AJADH debates Environmental Journalism
The lack of preparation and training on environmental issues is behind the absence of an environmental journalism in Mozambique. The conclusions were made during the debate on environmental journalism organized by the Association of Environmental Journalists and Human Rights, (AJADH), in Maputo. Climate change currently represents a global problem and requires equally global solutions....
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December 3, 2021December 3, 2021Agriculture, Featured, Interviews & Reports, Technology & Innovation
New technology increases the JFS Group's cotton production
The strong investment in new technologies at Sociedade Algodoeira do Niassa has boosted production levels. In the current season alone, production may triple, reaching "a historical level" of 17 thousand tons of cotton. About 17 thousand tons of cotton is how much Sociedade Algodoeira do Niassa expects to produce in the current season.
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Verónica Macamo attends China-Africa cooperation forum
The Minister of Foreign Affairs and Cooperation, Veronica Macamo, will participate on 29-30 November in the 8th Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC), to be held in Dakar, capital of the Republic of Senegal, according to a statement issued by the ministry. The conference, under the slogan "deepening the Sino-African partnership and promoting the...
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November 26, 2021November 29, 2021Latest, Featured, Interviews & Reports, National
Extractive Sector Transparency Index decreases in 2020, points out CIP study
On balance the report of the Center for Public Integrity (CIP), released this morning, concludes that the Extractive Sector Transparency Index (ITSE) in Mozambique is still very low. "From the analysis made for the 22 companies studied in the 2020/2021 edition, on average, the ITSE in Mozambique stood at 0.25 points representing a decrease in...
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November 24, 2021November 24, 2021Latest, Featured, Interviews & Reports
The chapas' accounts
The price of chapa will go up in the metropolitan areas of the cities of Maputo and Matola, says the president of the Mozambican Federation of Road Transport Associations (FEMATRO), Castigo Nhamane, in an interview to MZNews. Decision made! Until the first days of next month, the cities of Maputo and Matola will have a readjustment of the price of...
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Nacala Logistics carried more than 60 thousand passengers in the third quarter
Nacala Logistics transported, during the 3rd quarter of the current year, a total of 62,574 people on its passenger trains, 8,085 more compared to the previous quarter. This increase corresponds to a rise of around 14%, compared to the second quarter of 2021. The company's official source reports that the results were influenced by the...
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Russia Expresses Desire to Enter Gas Business
The special representative of the President of Russia for the Middle East and Africa, Mikhail Bogdanov, said that his country intends to enter the market of hydrocarbon exploration in Mozambique, and that work is already underway on the ground for this purpose. The answer comes after an invitation made weeks ago by the Mozambican government...