AMEPETROL guarantees that the current reserves of liquid fuels in the country allow a stable supply to the domestic market and, consequently, the maintenance of prices of derivatives until next February. According to the Mozambican Association of Oil Companies (AMEPETROL), any alteration of the fuel prices practiced to the public can only be...
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Gold touches near two-month high on declines in interest rates and dollar
Gold is appreciating this Thursday and has already touched a nearly two-month high. At this point, this metal is advancing 0.27% to $1,845.48 per ounce. Gold has been trading above the $1,800 per ounce threshold already since January 10. Gold's rise to this plateau is at...
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Another individual involved in the theft at the International Terminal has been arrested
Another individual was arrested in connection with the case of tax evasion involving some Customs officials, customs brokers and businessmen of various economic activities in the city of Maputo. It is a customs broker, of Malian nationality, whose arrest was made this Wednesday, in South Africa, after diligences around the criminal case...
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Global tourism grew 4% last year, but remains below pre-pandemic levels, says WTO
Data from the World Tourism Organization, WTO reveals that the sector's overall performance in 2021 saw a 4% growth compared to the previous year. The latest report from the WTO highlights, however, that international tourist arrivals were 72% below 2019, before the pandemic. In the second half of last year,...
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LAM reschedules domestic flights due to bad weather
Mozambique Airlines (LAM) has just announced the rescheduling of domestic flights to airports in coastal cities due to weather forecasts for the coming days. "There will be rescheduling of flights which will affect the schedule previously disclosed" for each flight, and "passengers will be informed of any changes," reads a statement quoted by Lusa....
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Credit to the economy is expected to grow this year
The Government considers that the credit to the economy should register a growth this year, influenced fundamentally, by the improvement of the conditions of the economic activity in relation to last year, the tendency for collective immunization at a global and national level, as well as the reopening in the various sectors. Based on data provided by the Bank of Mozambique, the forecasts of the...
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The Circular Road toll calculations. Do you know how much you will pay per year?
The grim scenario about paying tolls on the Maputo ring road seemed distant, but gradually it became tangible. Our calculations indicate that, on average, driving on the Maputo Ring Road will cost almost double the Mozambican minimum wage after one year. Last week, on January 14
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The other "pandemic that runs at the speed of light" and threatens humanity
The number of deaths from infections caused by resistant bacteria will increase tenfold by 2050, that's right, tenfold, warns a study published in the Lancet, and that is quoted by the news at the minute. The data presented by the study are alarming. According to them, superbacteria already kill more than AIDS,...
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ADIN and UNDP donate zinc sheets to displaced people in Cabo Delgado
Five thousand zinc plates is the total number allocated to the displaced people in Cabo Delgado by the Integrated Development Agency of the North (ADIN) and the United Nations Development Programme (UNDP) earlier this week. The initiative, which is part of the Stabilization and Reconstruction program for people who were victims of the attacks...
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China cuts interest rates to boost economy
China lowered its benchmark rates in the country at a time when a slowdown in growth in the world's second largest economy is anticipated. At a time when the debate in the world's major central banks is about when to raise interest rates, with the US Federal Reserve expected to raise its key rate already...