The German Development Bank (KFW) and the public company Electricidade de Moçambique (EDM) signed financing agreements in Maputo this Friday (28) to conduct a market study for the production of green hydrogen in the country, valued at 500,000 euros, equivalent to 34.1 million meticais. The funding will be used to...
After a remarkable 45-year career in the banking sector, marked by visionary leadership, an innovative spirit and an unwavering commitment to sustainability, João Figueiredo will step down as Chairman of the Board of Directors of Moza Banco, S.A. at the Annual General Meeting on April 29, 2025. As a transformational leader, João...
Dublin-listed titanium minerals miner Kenmare Resources has pledged to provide additional disclosures in its financial statements to relax the accounting watchdog. The Irish Auditing and Accountancy Supervisory Authority (Iaasa) said recently that, following a staff inspection, Kenmare's 2023 annual financial statement, the...
Prime Minister Maria Benvinda Levi inaugurated the country's largest data center in Maputo province this morning. Owned by Vodacom Mozambique, the enterprise becomes the 17th data center at national level. Maria Benvinda Levi said, quoted by "Notícias", that data centers make it possible to centralize and store data safely,...
The Mozambican executive says it will build drainage ditches in the critical neighborhoods of Maputo City to alleviate the suffering of the population. The guarantee was given on Thursday by the Secretary of State in Maputo City, Vicente Joaquim, during the first joint coordination committee on the project to formulate the...
This Friday, in the city of Nampula, the President of the Republic, Daniel Chapo, launched the Business Recovery Fund, an initiative aimed at supporting micro, small and medium-sized enterprises (MSMEs) in the provinces of Nampula, Cabo Delgado and Tete. With an initial amount of five million US dollars, the fund aims to mitigate the economic impacts...
A decision error on the part of the driver when maneuvering the passenger transport semi-collective that claimed the lives of 23 people is pointed to as the cause of the accident that took place on Monday at the Cafumpe Administrative Post in the district of Gondola in Manica. The conclusion, according to Rádio Moçambique, is that a group of experts...
The Minister of National Defense (MDN), Cristóvão Chume, said today in Maputo that the Rwandan and Tanzanian military forces will remain in the Northern Operational Theater, in Cabo Delgado province. According to him, the eradication of terrorism is not expected soon. The foreign military are supporting the Mozambican Defense Forces in the fight against terrorism, and...
The insecurity in Cabo Delgado province, caused by recurrent terrorist attacks, is compromising the confidence of international investors and the socio-economic development of Mozambique, according to the Center for Democracy and Human Rights (CDD). According to the CDD, despite recent positive signals from oil giants such as TotalEnergies and ExxonMobil to move forward with their projects...
The Governor of the Bank of Mozambique says that the country needs to implement several reforms to ensure a rapid recovery of the economy after the violent demonstrations. Rogério Zandamela says that at the moment it is not possible to estimate the time needed for the country to return to its previous level of economic development. The Governor stressed, however, that...