The Minister of Economy and Finance, Adriano Maleiane, said on Thursday that the price of gasoline in Mozambique could be higher, seven meticais above the current price. Maleiane was speaking during a session in Parliament, and explained that the increase was not higher because it is necessary "to do things in a way...
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Impact of pandemic on work was worse than expected, says ILO
A new report from the International Labor Organization (ILO), shows that work hours lost due to the Covid-19 pandemic will be higher than predicted. The ILO now predicts that the total number of hours worked in 2021 will be 4.3% lower than pre-pandemic levels. That is equivalent to 125...
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Netherlands and Italy donate 352 million meticais for water management
The Kingdom of the Netherlands, Italy and the Mozambican Government signed three agreements that foresee the provision, by art of the European countries, of about 325 million meticais for programs of sustainable management of water, sanitation and hygiene. The memorandums were signed by the Ministry of Public Works, Housing and Water Resources (MOPHRH), the...
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"Cost of living in Mozambique tends to get worse," says OTM
The cost of living in the country is getting worse every day. The basic food basket defined by the Organization of Mozambican Workers (OTM-Central Union) costs 19 thousand meticais, while the minimum wage is only 4 691 meticais
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Mozambique and Zimbabwe Unite to Share Water Resources Management
Mozambique and Zimbabwe will now share the management of water resources and associated ecosystems of the Buzi, Púnguè and Save basins. To this end, an agreement was signed on Wednesday morning, called the Project for the Management of Competitive Uses of Water and Associated Ecosystems in the Búzi, Púnguè and Save Basins (GEF BUPUSA Project
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Covid-19: Civil Society sees new measures as having "strong potential to revive" the economy
The non-governmental organization (NGO) Institute for Multiparty Democracy defended this Wednesday that the new measures against covid-19 in force in Mozambique have a "strong potential to revive" the country's economy, towards the "consolidation of the new normal"
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Bridge over the Búzi River may be inaugurated in December
The coordinator of the Buzi bridge project, André Vilanculos, guaranteed that the infrastructure will be operational in December, since the works are at a good pace, already 85% ahead of schedule. This is the bridge that connects Guara-Guara and Bândua, on the Tica-Búzi-Nova-Sofala road, and will be 700 meters long. Vilanculos was speaking during a visit...
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Insurance: Commercial rates increased 15% in the global market
Globally, commercial insurance rates increased 15% in the third quarter of 2021, maintaining the relative change recorded in the previous quarter, reports a study by Marsh which is a world leader in insurance brokerage and risk consulting. "While this is the 16th consecutive quarter of rate increases in the global insurance market,...
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E-Commerce grows again, but so do prices
E-commerce grew globally by 11% in the third quarter of this year. But prices have also increased, which translates into fewer orders
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October 27, 2021October 27, 2021Latest, World, Technology & Innovation
Spotify Adds New Subscribers and Makes $323M in Advertising Revenue
Music streaming company, Spotify Technology SA, said Wednesday that third quarter revenue grew by 19% in the number of new subscribers looking for its premium service. This was driven by demand in Europe and North America, thus beating Wall Street projections. Premium subscribers, which represent...