The financial statements of Hidroeléctrica de Cahora Bassa (HCB), for the year 2021, revealed a loss of 21 billion meticais. This amount missing in the company's accounts derives from the lack of payments from some clients, among which Electricidade de Moçambique (EDM) with a debt of 16 billion meticais...
Category: National
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Schoolbooks still behind schedule. Guebuza suggests Commission of Inquiry
The former President of the Republic, Armando Guebuza, recently considered, in the city of Matola, that only a Commission of Inquiry will be able to clarify the real reasons behind the delay in the arrival, in Mozambique, of School Books. "A Commission of Inquiry will be able to say whether or not there is mismanagement, lack of financial or economic resources, or if...
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Coastal protection works in the city of Beira may start in December
The coastal protection works in the city of Beira may start in December, with 60 million dollars already available, 30 million of which will be disbursed by the Dutch government, 15 million by the World Bank and an equal amount by the German Development Bank (KFW). According to the president of the municipality of Beira, Albano Carige, quoted by...
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Bottles of counterfeit cooking oil seized
The National Inspection of Economic Activities, INAE, and the Tax Authority of Mozambique identified last Friday, twelve brands of counterfeit cooking oil that are being marketed in the country. The INAE spokesman, Tomás Timba, who disclosed the fact on Tuesday in Maputo, assured that actions are underway to withdraw the product from the domestic market,...
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CTA says salary readjustment reflects current situation of companies
The Confederation of Economic Associations of Mozambique (CTA), the body representing employers at the negotiating table of the Labor Consultative Commission (CTT), considers that the new minimum wages recently approved by the Council of Ministers, embody the difficult context that companies are going through. "These readjustments constitute a major effort to correct the effects of corrosion...
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Private sector will invest USD 7 million in the fight against malaria
The national private sector will invest seven million dollars in initiatives to prevent and combat malaria as a contribution towards the elimination of the disease in the country by 2030. The amount, the result of social responsibility of several companies, was announced Monday in Maputo, at the celebrations of the World Day for the Fight against Malaria, which took place...
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WFP again cuts humanitarian aid in Cabo Delgado due to lack of money
The World Food Programme (WFP) has again cut humanitarian aid rations to war displaced people and host families in Cabo Delgado, north of the country, due to lack of funding, the organization announced. Since April and during the month of May, each WFP ration has again shrunk by half, at a time when...
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LAM expects to reach financial equilibrium in 2023
Mozambique Airlines (LAM) projects that it will break even next year, depending on how quickly the national economy recovers after being severely affected by the coronavirus pandemic. The information is provided by the general director of LAM, João Carlos Jorge, who was speaking during...
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More than two thousand former miners will receive pensions
More than two thousand former miners, residents in the central and southern regions of the country, should soon receive their retirement pensions, after more than six years of waiting. The Vice-Minister of Labor and Social Security, Rolinho Farnela, who announced the fact, said that work is underway between the Ministry and the counterpart...
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Muendane advocates greater involvement of women in national economy
The President of the Tax Authority (AT), Amelia Muendane, has called on women in tax and customs activities to continue to make more efforts for the development of the national economy. Amélia Muendane was speaking recently, in Maputo, on the occasion of the Gala of the Tax and Customs Women, an event that took place under the slogan "AT Revering Women",...