Nedbank Mozambique and Gorongosa National Park (PNG) recently renewed their partnership agreement, reaffirming the Bank's commitment to continue supporting PNG's conservation efforts. This agreement was formalized during a ceremony held in Gorongosa National Park, where Nedbank pledged its continued support to the Department...
With the aim of strengthening financial inclusion and promoting financial literacy, Access Bank Mozambique has just launched a Finance Glossary, called Mundo das Finanças (World of Finance), with the most commonly used banking terms, available in digital format on the Bank's website. This innovative project adds value by facilitating access to...
The renowned Volvo dealership, Auto-Sueco Moçambique, has taken on the Nors brand name, which now has a unique, transversal and global dimension. Driven by progress, and based on a legacy of more than 90 years, Nors unites its vast portfolio of brands, to which Nors Moçambique belongs, formerly Auto-Sueco Moçambique, a company...
The Bank of Mozambique has appointed two new resident inspectors of commercial banks in the national financial market. They are Adelina José Chilaúle, who will be working at Banco Comercial e de Investimentos, S.A.; and Cláudio Júlio Mangue, who will be working at Standard Bank, S.A. A statement from the Central Bank sent to us today...
Access Bank Plc, one of Africa's leading banks, has reinforced its commitment to women's empowerment in Southern Africa by relaunching the "W Initiative" in Zambia and Botswana. The program offers a variety of non-financial financial services designed to promote women's financial inclusion and socio-economic development. The initiative...
Cimentos de Moçambique (CM) announced today an investment plan worth 60 million US dollars to modernize and increase the production capacity of its plant in Sofala province, located in the municipality of Dondo. The modernization includes the installation of a modern and efficient clinker kiln as well as a new mill...
Established in 2000 next to Mozal Aluminium, the park has become a vital engine for Mozambique's industrial sector. Today, as part of MozParks and the ASEZA network, Beluluane Industrial Park is home to more than 60 companies from 18 countries and has attracted more than 3 billion dollars in investments. MozParks...
The Maputo Port Development Company (MPDC) has signed a strategic agreement with Maputo Grain Terminal SA (MGT), in partnership with MEREC Industries, to significantly expand the capacity of the Port of Maputo's grain terminal. This project aims to increase the terminal's static capacity from the current 25,000 tons to 45,000...
KARMOL recently inaugurated the upgraded Nacala fish center, whose main objective is to guarantee the sustainability and conservation of the region's fishing resources. Budgeted at 1.5 million meticais, the redevelopment initiative financed by the company is a response to the challenges faced by local fishermen linked to the deterioration of infrastructure, lack of...
Hollard-Agri, an innovative micro-insurance initiative by Hollard Mozambique, has created a significant impact on the lives of 16,000 small farmers affected by drought in the provinces of Manica, Sofala and Tete, respectively. Launched around a year ago, this micro-insurance is providing essential cover to small farmers on the basis of...