The spokesperson for the Council of Ministers, Filmão Msuaze, said on Tuesday in Maputo that the State collected 198 billion Meticais in revenues collected in nine months of this year, which represents 18% more if compared to the same period last year. An analysis of the budget execution report shows that the result achieved...
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Zambézia Government conducts topographical survey for electricity grid expansion
The topographical survey for the expansion of the national electricity grid for the Administrative Post of Naburi, in the District of Pebane in Zambézia, has been underway since this month
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EDM connects Mazucane to the national grid
Last Friday, Electricidade de Moçambique (EDM) connected the administrative post of Mazucane, in the district of Chongoene, Gaza province, to the national power grid, becoming the 37th post out of a total of 45 that should be illuminated by 2024. The infrastructure was built as part of the "Energy for All" project and cost the...
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October 26, 2021October 26, 2021Latest, World, Business, Technology & Innovation
Digital Transition: study says 10% are at an advanced stage
Only 10% of companies are at an advanced stage in the digital transition process, advances a study "Deep Digital Journey" by LLYC. It was based on a survey of more than 200 marketing and communications executives from large companies in 12 countries in Europe and America, according to a news site...
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AM BEST assigns stable rating to Ímpar Seguros
The prestigious American company AM Best maintained the certification of the Insurer Ímpar for the third consecutive year, with a Financial Strength Rating of "B" (Good) and a Long-Term Issuer Credit Rating of "bb", with the assigned outlook of "stable" credit ratings. According to the company's press release, the rating reflects the strength of the Insurer's balance sheet,...
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Matola LNG import terminal to supply gas starting in 2024
A group of companies has successfully completed the engineering design for Beluluane Gas Company's (BGC) Liquefied Natural Gas (LNG) import terminal, due to start supplying gas from 2024. The group of companies comprises South Africa's Gigajoule, the French multinational energy company TotalEnergies, the natural gas distributor of...
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Maputo Special Reserve receives four cheetahs for the first time since the 1960s
The Maputo Special Reserve received four cheetahs, "for the first time since the 1960s," an endangered species in the country, the National Administration of Conservation Areas (ANAC) announced today
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Picasso's works auctioned for over one hundred million dollars
The auction house Sotheby's announced that this Saturday 11 works by the Spanish painter Pablo Ruiz Picasso, better known by his last name, were auctioned for $108 million. The 1938 painting "Femme au Béret Rouge-Orang", depicting Marie-Thérèse Walter, one of Picasso's muses, achieved the highest auction value,...
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Apple is the "World's Most Valuable Brand" according to Interbrand
Consulting firm Interbrand last week released Best Global Brands 2021, the annual ranking of the world's most valuable brands, in which Apple was once again ranked first with its $408.3 million. Interbrand reports that the technology company saw its market value grow...
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Fuel price hike was to avoid collapse, says Max Tonela
Minister of Mineral Resources and Energy, Max Tonela, said Monday that the government decided on a fuel price increase to continue to have supply, as importers and distributors in the sector were operating at a loss. "The level of loss was so high that some of the companies were going into debt with the...