More than 7500 peasant families in Maputo province may be facing starvation following the flooding of their cultivation areas. More than 11,000 hectares of various crops are currently submerged due to the discharges of the Pequenos Libombos dam, and the rise in the flows of the Maputo,...
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January 19, 2022January 19, 2022Latest, National, Technology & Innovation
Tesla buys graphite from Mozambique and leaves China adrift
Tesla has signed an agreement with Australian company Syrah Resources to start using graphite from Mozambique which contains a key component to use in the batteries of its electric cars. Some analysts believe that this agreement is also aimed at reducing Tesla's dependence on China when it comes to the acquisition of...
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Court orders a fine of 50 thousand meticais and Alexandre Chivale's arrest
The VI Section of the Judicial Court of Maputo City has just issued a warrant of search and arrest against the lawyer Alexandre Chivale and a fine of 50 thousand Meticals for his clear evasion of receiving the court notification to appear freely and spontaneously to testify as declarant...
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Former Standard Bank CEO ordered to pay 1,2 million meticais
The former Managing Director of Standard Bank Mozambique, Chuma Nwokocha, was sentenced by the Maputo City Police Court, 5th Section, to the main penalty under which he must pay 1.2 million meticais for authorizing the installation and operation of a replica of its Data Processing Center without the consent of the Bank of...
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Sea Terminal Fraud with Senior Customs Officials Involved
"Senior" officials from Mozambique Customs were arrested Monday on suspicion of participating in the embezzlement of US$18.6 million at the Maputo International Maritime Terminal. The Attorney General's Office (PGR) says it learned of the mega fraud scheme through "a complaint of the issuance of an exemption of customs charges budgeted at 18.6...
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Absa reopens Mueda branch one year later
Absa Bank Mozambique reopened today the branch in Mueda district, Cabo Delgado province, which was closed for over a year due to the instability that has conditioned the normal exercise of the banking activity. Pedro Carvalho, Retail and Business banking director, said that for Absa it is a satisfaction to be able to continue...
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Tolls on the Maputo Ring Road already have rates and a starting date for collection
The Ministry of Public Works, Housing and Water Resources and the Ministry of Economy and Finance ordered the publication of the rates to be applied to the four new tolls on the Maputo ring road, effective from 25 January 2022. The ministerial order, published last Friday (14), in the Bulletin of the Republic, First Series -...
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January 18, 2022January 18, 2022Latest, National, Social Responsibility
Moza Banco donates furniture to the Sofala Secretary of State
Moza Banco recently delivered office furniture to the Secretariat of State of Sofala Province. The material aims to serve the interests of the government and the population of the province. "We hope that the government will make good use of the material given, for the benefit of the citizens, and that they will contribute, as decided by the...
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ANE says it is ready to intervene in case of road cuts in Cabo Delgado
ANE is ready to intervene, at any moment, in situations of road cuts, due to the rains that continue to fall all over Cabo Delgado province. "Fortunately until this moment we have no record of a road cut, but we are prepared to intervene as soon as it happens", indicated the delegate of ANE...
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Hidden Debts. State recovered USD 300 million, but specialists raise doubts
The Mozambican State, through the Central Office for Combating Corruption (GCCC), says that it has already recovered about 330 000 000 (million) dollars, or (15%) of the 2.2 billion dollars of loans in favor of three state companies, without the endorsement of Parliament. Meanwhile, the GCCC acknowledges that the amount