Gold started off lower on Monday, still digesting the statements of several members of the US Federal Reserve (Fed), according to which the withdrawal of stimulus should be faster. Adding to this, Christopher Wallace, senior auditor at the Fed in St. Louis, stated that the central bank should raise interest rates due...
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FAO presents tool for producing data to reverse deforestation
The Food and Agriculture Organization of the United Nations (FAO) has announced the launch of a tool for producing data on forests and land use. This is a technology that uses a combination of geospatial data, such as Google Earth, with open source data processing software. This tool can help...
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Some companies continue to violate labor rights
Government considers that there are companies that continue to violate labor rights in the country. Data from the General Inspection of Labor, from January to September of this year, indicate that more than 15 800 infractions were detected, in about 700 institutions. For the Minister of Labor and Social Security, Margarida Talapa, these infractions are associated to the lack of...
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Nacala Logistics carried more than 60 thousand passengers in the third quarter
Nacala Logistics transported, during the 3rd quarter of the current year, a total of 62,574 people on its passenger trains, 8,085 more compared to the previous quarter. This increase corresponds to a rise of around 14%, compared to the second quarter of 2021. The company's official source reports that the results were influenced by the...
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Mozambique mobilizes countries in the region to mobilize funds for climate resilience
Mozambique urges the other countries of the Southern African Development Community (SADC) to prepare cross-border projects and mobilize funds for increasing climate resilience in the basins of shared rivers. According to the Minister of Public Works, Housing and Water Resources, Osvaldo Machatine, who was speaking a few days ago in Eswatini at the signing of the agreements...
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How could the Nickel Mine in Tanzania be the trump card for Elon Musk?
Car manufacturers are dealing with a shortage of raw materials, all over the world. And who has not escaped this crisis is the giant Tesla, dedicated to the production of electric cars. It turns out that Elon Musk's company lacks nickel for making electric cars. Realizing the scarcity of the resource, the mining company Kabanga...
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November 22, 2021November 22, 2021Latest, National, Social Responsibility
Moza Banco donates covid-19 fighting material to the Municipality of Beira
Moza Banco delivered to the president of the Municipal Council of Beira City, Albano Carige, 2 metallic modules where once functioned the branches of the bank in the Goto and Munhava Markets, 2 water tanks with capacity of 500L each, as well as hygienization kits in the scope of the fight against COVID-19. With this initiative,...
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Covid-19: Mozambique receives doses to vaccinate one million people
The United Nations Children's Fund (Unicef) announced that Mozambique is expected to receive, later this week, enough doses of Covid-19 preventive vaccine to vaccinate about one million people. Meanwhile, this Monday, the country benefited from a donation of about 840,000 doses of the Janssen vaccine delivered by the United States...
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BM launches tender for new Fintechs
The Bank of Mozambique (BM) launched last week the third edition of the "Regulatory SandBox" for new Financial Technologies (Fintechs), and there are ten vacancies available, and until last Friday there were already 18 applications. This is an initiative of the Central Bank for the promotion of the National Strategy for Financial Inclusion...
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November 22, 2021November 22, 2021Latest, National, Social Responsibility
Vale invests $1.2 million in livestock infrastructure
The mining company Vale Mozambique is investing around 1.2 million dollars in public infrastructure for livestock development in the Moatize district, in Tete. The project will benefit the communities of this district, which develop livestock in the vicinity of the Mining Concession Area. The infrastructure will be built in about 18 months and the management and...