The reduction in cargo handling in the rail sector in the Nacala Logistics and Northern Development Corridors is expected to lead to a slight slowdown in traffic by about 1.9%. However, the Government estimates growth at 2.9% in the maritime sector, 13.8% in road, 3.2% in air and 1.8% in the pipeline....
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Storm Ana affects more than 45,000 people. Half women and children
Tropical Storm Ana passed through Mozambique and left an indelible trail of destruction for about 45,000 people, among whom the United Nations Children's Fund (UNICEF) estimates 25 are women and children. The population suffering the most from the effects of the storm are from the provinces of...
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Zambezia needs more than 2.2 billion to replace destroyed roads
The Zambezia province needs more than 2.2 billion meticais to replace road infrastructures destroyed by the passage of tropical storm Ana. In an information released on Wednesday in Quelimane at the meeting of the Emergency Operating Committee, headed by the Minister of Public Works, Housing and Water Resources, Joao Machatine, said that the...
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Government wants dynamism in the search for solutions to repair damaged infrastructure
The Central Government is guiding the authorities of the areas affected by tropical storm Ana, to be dynamic in finding solutions to repair damaged infrastructure. Speaking this Wednesday in Nampula, the Prime Minister, Carlos Agostinho do Rosário, said that life should return to normal, especially with the start, next week, of the school year....
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Minister of Economy urges AT officials to fight corruption
The Minister of Economy and Finance urges the employees of the Mozambican Tax Authority (AT) to firmly fight acts of corruption, aiming to make the growth of fiscal policy in the country increasingly robust. According to Adriano Maleiane, the tightening of the siege of tax evasion and other fiscal frauds should be measures applied...
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Sofala, Tete and Zambezia flood alert in the next 24 hours
The National Operational Center for Emergency (CENOE) warns that flooding will occur in the next 24 hours in the districts of Caia and Marromeu, in Sofala and other regions of the provinces of Tete and Zambezia, despite the retreat of Tropical Storm Ana. The CENOE predicts that floods will affect 200 thousand people, due to exaggerated runoff in the basin...
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More than 63,000 EDM customers are without power due to Storm Ana in the center and north
More than 63 thousand customers of the company Electricidade de Moçambique (EDM) in the central and northern areas of the country are still without power due to damage to electrical infrastructure caused by storm Ana. In the province of Tete, the districts of Macanga, Tsangano and Angónia are still without power, in Manica the village of Shoa, in the district of...
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Absa Bank certified as Africa's Best Employer 2022
The Top Employers Institute has certified Absa Group as "Africa's Best Employer 2022/ Top Employer Africa 2022". The bank says the certification reflects its commitment to increasingly creating a better working environment through the implementation of best human resources (HR) practices and policies. "This distinction is a result...
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BM resets interest rate to 13.25%
The Monetary Policy Committee (CPMO) of the Bank of Mozambique (BM) decided yesterday to maintain the monetary policy interest rate at 13.25%. This is the reference indicator for fixing the interest rate practiced by commercial banks in their relationship with customers. The decision is supported by the slight improvement in the outlook for the...
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Coral Sul floating platform may generate revenue later this year
Floating platform Coral Sul may generate revenues later this year The Minister of Economy and Finance, Adriano Maleiane, said that the floating platform Coral Sul FLNG, for natural gas exploration in Area 4 of the Rovuma Basin, will only start generating revenues for the country in the last two months of the...