Ferroviario da Beira qualified for the second qualifying round of the African Basketball League (BAL) after accumulating two wins and one loss. At the end of the first phase, the locomotives finished in second place in the Zone VI qualifier, held between the 21st and 23rd in Johannesburg, South Africa. In the game...
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Maputo hosts meeting to implement the Reconstruction Plan for Cabo Delgado
Maputo city hosts, today, the evaluation and monitoring meeting of the implementation of the Reconstruction Plan of Cabo Delgado province, affected by terrorism
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October 25, 2021October 25, 2021Latest, Agriculture, Markets, National
Inhambane increases meat processing capacity
A new slaughterhouse beef processing industry started operating last Friday in the district of Panda, in the province of Inhambane. The complex has an installed capacity to process 250 tons of meat per month. The construction of the slaughterhouse of Panda cost about four million meticais, and is one of the largest...
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Fuel prices may rise again after the last readjustment
The Mozambican Importer of Petroleum (IMOPETRO) said recently that fuel prices may undergo a new readjustment due to the rise of oil prices in the international market. The new fuel prices went into effect last Wednesday, but with the current international shortage of oil derivatives and the price hike...
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October 25, 2021October 25, 2021Latest, Agriculture, Markets, National
Agricultural sector benefits from 16.5 million dollars
The American Government, through the United States Agency for International Development (USAID), will provide about 16.5 million dollars to finance agricultural projects for six months. In this sense, that State signed an agreement with Absa Bank Mozambique to minimize the difficulties in financing the agricultural sector, which limits the development...
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Men in military uniforms behead two people in Macomia
A group of men dressed in military uniforms beheaded two people, last Friday, in Macomia district, Cabo Delgado province. The victims were fetching water from a well in the village of Lumumua, in Mucojo, on the coast of that district. According to local sources cited by VOA, five people came from the island of...
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Standard & Poor's forecasts acceleration in Mozambique's economic recovery in 2022
The financial rating agency Standard & Poor's (S&P) decided on Friday to maintain Mozambique's rating at CCC+, below investment grade ('junk'), with a stable outlook, predicting an acceleration of economic recovery in 2022
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INAM predicts more intense rainy season in central region
The central region of the country, may suffer more bad weather than the rest of the country in the upcoming rainy season, accentuating a pattern of previous years, according to the latest seasonal forecast
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Vale produces and exports more coal in the third quarter
Mining company Vale announced that coal production in Mozambique increased by 78.1% and sales almost doubled in the third quarter of 2021 compared to 2020, according to data from the company's latest report. Coal production in the third quarter of 2021 stood at 2.4 million tons and sales amounted to...
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CMH loses 54% of profits this year
Companhia Moçambicana de Hidrocarbonetos (CMH), part of Empresa Moçambicana de Hidrocarbonetos (ENH) recorded a revenue loss of about 54 percent due to the lower oil prices in the international market influenced by Covid-19. The information is in the Annual Report and Financial Statements of the last audit on the company in the year that ended...