The business performance ratios for SMEs in Maputo province for the second quarter of 2022 point to a slight contraction in business performance in this province compared to the first quarter, reflecting the reduction in turnover, in a context of rising production costs. The information is contained in the report of the Business Robustness Index a few days ago...
The formation of a political coalition seems to be the solution found between the two largest opposition parties in Mozambique, the Mozambican National Resistance (Renamo) and the Mozambique Democratic Movement (MDM) to overthrow the ruling party, the Mozambique Liberation Front (Frelimo). The idea of the Renamo president, Ossufo Momade, and of the MDM,...
According to the Business Ruggedness Index published a few days ago by the Confederation of Mozambican Economic Associations (CTA) in the 2nd Quarter of 2022, the average annual inflation continued its trend of acceleration, having reached the figure of 6.82% compared to 6.13% registered in the previous Quarter. According to the CTA the acceleration in the general level...
The UN secretary-general said the "time has come for a serious discussion" about climate change and to take "meaningful action" against the damage already caused, particularly in developing countries. Antonio Guterres was speaking Wednesday during a meeting with several leaders from developed and developing countries, including Egyptian President Abdel...
The Southern African Development Community Project Preparation Facility (SADC PPDF) last August approved a total of USD 20.2 million for the preparation of 12 regional projects covering the energy, transport and water sectors, and these are expected to generate at least USD 3 billion...
The President of the Republic, Filipe Nyusi, urged this morning in Maputo, the Defense and Security Forces to fight terrorism with ferocity, because in them Mozambicans have confidence to eradicate evil. "Mozambique is today the target of terrorist attacks, however, Mozambicans have the utmost confidence in the Armed Forces of Defense of Mozambique...
Mozambique and Tanzania will establish a combined electrical connection of 400 megawatts. The investment should benefit both countries, said the chairman of the board of directors of Electricidade de Moçambique on the sidelines of the visit of the Tanzanian President to the Maputo Thermoelectric Plant. "We have been talking with Tanzania in the sense of establishing a line...
The President of the Republic, Filipe Nyusi, received at moments general officers of the Armed Defense Forces of Mozambique (FADM) for a greeting to the Commander in Chief of the Defense and Security Forces. The act is part of the celebrations of the 58th anniversary of the beginning of the Armed Struggle for National Liberation and the Armed Forces of Defense of Mozambique Day,...
Transactions on the Angolan capital market until August totalled 907.33 billion kwanzas (2.2 billion euros), of which around a third were traded last month, an official from the Capital Market Commission announced. According to Johny Soki, director of the studies and strategy office of the Capital Market Commission,...
South Africa is facing a long-running energy crisis. This week, the President of that country, Cyril Ramaphosa, even canceled his participation in the General Assembly of the United Nations Organization to deal with the issue closely. Former South African statesman, Thabo Mbeki on Wednesday accused the state-owned energy company ESKOM of bad...