British Petroleum (BP) raked in at least $500 million during the third quarter of this year, as most of the world's energy companies were hurt by the gas crisis. As the world economy reeled from the damage that came with the Covid-19 pandemic, it saw an exacerbated consumption of...
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Oil imported by the EU reaches 81% in 2021
Crude oil was the most imported energy product by the European Union (EU) in 2021, with a share of 69.8% and in the first half of the year the figures reached 81% of those recorded in 2020, advance data from Eurostat. According to the European statistical office, crude oil (crude) is by far the main imported energy product...
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WB donates USD 150M to Mozambique for governance and digital economy
The World Bank (WB) announced Wednesday that it will donate $150 million to Mozambique's Digital Economy and Governance Project (EDGE). The purpose is to facilitate access "to civil identification, digital public services and improve digital business opportunities." The WB underpins this support by the fact that more than half...
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October 27, 2021October 27, 2021Latest, World, Technology & Innovation
Microsoft's quarterly revenue exceeds expectations
Microsoft beat revenue and net income forecasts this year as favorable winds continued in its LinkedIn platform, business applications and the growing cloud-computing segment. Refinitiv, reveals that revenue, in the quarter ending September 30, rose 221TP2Q, to 45.3 million...
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October 27, 2021October 27, 2021Latest, National, Social Responsibility, Living
MRM supports displaced people in Cabo Delgado
Montepuez Ruby Mining (MRM) recently offered a basket of various products to people displaced in the village of Nanjua, an administrative post in Mesa, Ancuabe district in Cabo Delgado, due to terrorist attacks by Islamic groups. To these families MRM offered one thousand sheets of zinc. The mining company also offered two thousand blankets and...
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Hidden Debts: 'Credit Suisse won't get away with charges so soon'
Credit Suisse recently agreed with authorities in the United States of America and the United Kingdom to pay the Mozambican state $475 million for its involvement in the "Hidden Debts" case, but that does not alleviate its dose of guilt. According to a report, the Swiss bank is still embroiled in a pile of...
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It is now official. Chiquinho Conde will coach the Mambas and Mambinhas
The Mozambican Football Federation (FMF) presented, this Tuesday in Maputo, Chiquinho Conde as the new coach of the National Football Selection (Mambas) in replacement of the Portuguese Horácio Gonçalves, dismissed from the post a little over a week ago, following poor results. Chiquinho Conde, who was flattered by the invitation from the FMF will be the head...
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Government answers questions in parliament today
The government will, this Wednesday and Thursday, go to parliament to provide information to the deputies around terrorism in Cabo-delgado, humanitarian assistance to the displaced and reconstruction of the province
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Maputo City Council needs 180 million meticals for contingency plan
Maputo City Council needs 180 million meticals to operationalize the contingency plan for the current rainy season
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Government approves contingency plan for rainy season with 7.3 billion meticais deficit
The Government approved this Tuesday the Contingency Plan for the 2021-2022 rainy season, the same instrument presented a few days ago at the Prime Minister's Office