Sustainability is the theme of Mozambique's participation in ExpoDubai, and the Portuguese-speaking country intends to take advantage of its seventh presence in the United Arab Emirates to expand economic relations between the two countries, said the Mozambican commissioner general, Miguel Costa Mkaima, quoted by Lusa. The seventh edition of Expo Dubai, which kicked off on 01...
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South Africa suspends air link with Maputo
The South African airline, South African Airways (SAA), announced on Friday that the lack of demand for its services to Maputo will lead to the suspension of the daily return link from Johannesburg to the Mozambican capital, from December 1. The SAA statement said that the level of demand for its services remains...
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November 19, 2021November 19, 2021Latest, National, Social Responsibility
EU to support with 40 ME forces trained by military mission in Cabo Delgado
The Council of the European Union will provide 40 million euros to support the military training mission in Mozambique. The support aims to assist the Mozambican military units trained by the EU training mission in Mozambique (EUTM Mozambique). The aid is provided under the European Peace Facility, and is...
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Dollar loses strength on possible acceleration of interest rates in the US
The dollar loses strength at a time when the United States signals an acceleration of the withdrawal of stimulus. U.S. Federal Reserve Governor Christopher Waller said Friday that the central bank may act more quickly due to the fast recovery and high levels of inflation. "The economy continues to grow and the...
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Government considers reopening beaches under a covid-19 prevention plan
The government announced this Friday that it is considering reopening the beaches, but this can only occur through the presentation of a specific plan by the leaders and/or presidents of the municipal councils where the resorts are located. According to the vice-minister of culture and tourism, Fredson Bacar, who was speaking at the end of the meeting held today in...
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Magister acquires more than half the shares of Tongaat Hulett
South African sugar maker, Tongaat Hulett, announced a share dispersal for capital increase which led to a 28% drop in the price of those shares. Still, it appears that the Mauritian family-owned company, Magister, will buy more than half of the shares. "Magister will partially underwrite the rights offering up to a maximum of two...
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DHL may set new record in operating profit
Deutsche Post DHL Group may hit a record high of more than 7.7 billion euros this year, according to an upward revision to operating profits, which are in line with the growth seen in the third quarter, in which the company "grew strongly." A statement from the group said that for the third quarter of...
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Absa Bank distinguished as Best Financial Intermediary in the Stock Market
Mozambique Stock Exchange (BVM) distinguishes Absa Bank Mozambique as the Best Financial Intermediary in the listed securities market, having registered the highest volume of transactions on the stock exchange during 2020. Patrícia Darsam, product manager of Corporate and Investment Banking, said that Absa's award is the result...
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Absa Bank will seek credit from IFC for African trade development
Absa Bank, a subsidiary of Absa Group Limited, has raised $250 million in financing from the International Finance Corporation (IFC) to provide access to credit for trade development in sub-Saharan Africa. The financing is part of the IFC's Global Trade Liquidity Program. According to the Executive Director...
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"Protection of the oceans is crucial for the well-being of the next generations" - Filipe Nyusi
Government considers that the protection of the oceans is crucial so that present actions do not compromise the welfare of future generations. The President of the Republic, Filipe Nyusi, said this Thursday that this purpose can only be achieved if global concerns arising from the misuse of resources, which leads to the destruction of habitats, are addressed....