The Kuwaiti company, Independent Petroleum Group (IPG), was recently awarded the tender to import fuel into Mozambique for a period of six months, from January to June 2022, according to a source from the Mozambican Oil Importer (IMOPETRO). IPG submitted the lowest bid for the tender in mid-December...
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NGO launches petition against the installation of tolls on the Maputo Ring Road
The Mozambican non-governmental organization (NGO), Center for Democracy and Development (CDD), has launched a "Petition of Motion of Censure against the Government of Mozambique", for the installation of tolls on the Maputo ring road, whose beginning of charges for circulation taxes already announced start on February 1, 2022. The intention of the CDD is...
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Amazon premieres $465 million "Lord of the Rings" series
Amazon has created a series based on "The Lord of the Rings" trilogy that already has a name and a premiere date, and has grossed about $465 million in its first season. Our sources advance that the series takes a step back in time thousands of years before the events of the trilogy. From...
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Oil starts to hit the brakes and tumbles 3% after seven-year highs
The oil locked deep into the early hours of Friday after renewing seven-year highs, continuing a natural correction of the price and reacting to the U.S. announcement on the national strategic reserves. West Texas Intermediate (WTI), the US benchmark for March delivery, is down 1.71% to $84.07...
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President of the Republic inaugurates Mitande power grid in Niassa
The President of the Republic, Filipe Nyusi, will this Friday inaugurate the electricity grid of the administrative post of Mitande, Mandimba district, in continuation of his two-day visit to Niassa province. The population of the administrative post of Mitande expects development in several areas, with the entry of energy from the national grid. According to...
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Zambézia receives 230 million meticais from carbon sequestration
230 million meticais are already available for communities in nine Districts of Zambezia Province, integrated in the carbon sequestration project, with World Bank financing. The amounts per district vary from seven to 38 million meticais. According to the benefit sharing plan, the District of Pebane will receive...
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"Current available fuel reserves allow stability until February"
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,...