Minister of Mineral Resources and Energy, Max Tonela, said Monday that the government decided on a fuel price increase to continue to have supply, as importers and distributors in the sector were operating at a loss. "The level of loss was so high that some of the companies were going into debt with the...
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Mozambique starts producing railcars again
COMETAL, now under the management of Sir Motors, will again produce wagons at the end of next year, and hopes that its clients will be other international entities besides the Mozambique Railways. Meanwhile, the company currently produces other types of structures from containers that arrive on ships and then become useless. One example...
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Cancellation of "Hidden Debts" may be an illusion
The Mozambican government acknowledges that the admission of misconduct by Credit Suisse is an important step towards obtaining redress for the damage done to the people, according to a statement issued through the British law firm Peters & Peters. "This is an important step towards obtaining full reparation for the people of...
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Malnutrition affects more male children, new survey reveals
The new Nutrition and Family Budget Survey 2019/2021, published by the National Statistics Institute (INE) reveals that chronic malnutrition occurs at "very high" levels in children over 12 months of age and affects "male children" more. Chronic malnutrition is a serious problem and incurs mostly in children with...
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"There are many Mozambican families facing food difficulties" - INE
More than half of Mozambican families have been facing food difficulties, according to the latest Family Budget Survey (IOF), published by the National Statistics Institute (INE)
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Government says fuel price increase was inevitable
The Minister of Mineral Resources and Energy, Max Tonela, said Monday that the increase in fuel prices in the country prevented a collapse in supply because importers and distributors in the sector were operating at a loss
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World Bank announces 100 M$ to support reconstruction in Cabo Delgado
The World Bank will provide $100 million to support the Mozambican government in the reconstruction plan for Cabo Delgado, a province affected by incursions by armed groups since 2017
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Displaced women make 200Mt Xitique to return to their origins
A group of displaced women, in the reception camp in Ngalane, is making a "Xitique" contribution of 200 meticais, to return to their area of origin, from where they left due to armed attacks, a little throughout the province of Cabo Delgado. The amount seems negligible, but for someone who has lost everything and lives on...
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INSS loses contributors and beneficiaries due to pandemic
The 2020 Statistical Yearbook of the National Institute of Statistics (INE) reveal that the National Institute of Social Security (INSS) has lost a considerable portion of its assets due to the Covid-19 pandemic. The INE report indicates that the INSS lost about 193 contributors out of a total of 13,236 and 29,532 beneficiaries out of a...
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Financing for the Country's Largest Power Plant Closed
The loan package to finance the largest power plant built in Mozambique after independence has been concluded, announced the International Finance Corporation (IFC), a member of the World Bank. For such the "IFC signed a debt package of 494 million dollars for Temane Power Plant", reads a statement from the entity quoted by Lusa. O...