According to the findings of the National Statistics Institute (INE), the Labor Cost Index (LCI) increased by 3.8% in the third quarter of 2021, whereas "in the previous quarter it had decreased by 2.7%. In terms of wage costs per hour worked, INE says there was an increase of 3.4% and other costs,...
Author: Valdo Mlhongo (Valdo Mlhongo)
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From trash to sustainable prosthetics
Marta Uetela is a young Mozambican with a degree in Mechanical Engineering and stands out in the world of sustainable entrepreneurship. BioMec is a start-up that develops a variety of prostheses using recycled material and has already been distinguished in a worldwide competition. It all started from the need to help a former college classmate who had difficulty getting around. "Yes,...
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Business performance declines in the third quarter
The Confederation of Mozambique Economic Associations (CTA) said yesterday morning that business performance at the national level reduced from 29% to 26% in the third quarter of 2021. CTA says the reduction in the Business Robustness Index at the national level stems mainly from the tightening of restrictions under the fight against...
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"We have to assume the bet on domestic tourism"
Globally and in Mozambique in particular, tourism was the sector that suffered the most from the impacts of the crisis caused by Covid-19. With the drastic reduction of the cases of Covid-19 and the gradual resumption of activities in the sector, a window of hope opens for the economic recovery of the sector that is by far...
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Making art a profitable business
Nália Agostinho is a young Mozambican who is emerging quickly in the world of plastic arts. The artist's most recent solo exhibition, which also marks the opening of her new gallery, is on display in Maputo city. She is one of the most emerging artists in the world of plastic arts. But her contact...
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AMEPRH EMPLOYS NEW POSITIONS
Seven new areas of the Mozambican Association of Companies and Professionals Human Resources (AMEPRH) took office in Maputo. These are the areas of Training and Development, which will be headed by Mónica Macamo, Culture by Nália Agostinho, Local Content by Elthon Chemane, Innovation and Technology by Sazia Sousa, Energy by Jocelyne Machevo, Inclusion and Diversity by João Machevo, Innovation and Technology by Sazia Sousa, Energy by Jocelyne Machevo, Inclusion and...
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INTERVIEW OF THE WEEK: "WE WANT TO PUT THE CAPITAL MARKET IN THE PLACE IT DESERVES
Despite being better known, the challenges in using the Mozambique Stock Exchange as a true funding alternative persist Salim Valá, president of the board of directors of the Mozambique Stock Exchange (BVM), says that despite the many advantages that come from an investment in the BVM, there are still many companies that show...
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REPORT OF THE WEEK: CAPITAL MARKETS BEYOND THE REACH OF SMES
The capital market is still far from the reach of Small and Medium Enterprises (SMEs). Issues of business model, lack of audited accounts and business volume are pointed out as being the major obstacle for them to access the capital market. The Mozambique Stock Exchange (BVM) was created in 1998 by the Government ....
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Riportico secures contract in USD 506 million project to oversee Temane's works
Riportico, a Portuguese engineering consulting firm, will oversee the construction work of the model homes, resettlement houses and associated infrastructure included in the Temane Regional Transmission Project (TTP). This is one of the country's most significant investments in the energy sector (506 million dollars), and is located between Vilanculos and Maputo. According to the site