Sasol launched the 4th cycle of its EDS Program earlier this year as part of its Local Content strategy in partnership with the Government of Mozambique. Twenty companies from Maxixe and Inhambane Céu will benefit from this cycle, which is taking place in Maxixe. The aim of the program, according to Sasol's press release, is to enable...
Category: Market Announcements
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Bravantic donates water purifiers to nine schools
Bravantic Moçambique Limitada, in partnership with the Ministry of Education and Human Development (MINEDH), sponsored the donation of 115 water purification filters to nine schools in Maputo. During the handover ceremony, which took place on Monday, February 5, Carmelita Rita Namashulua, Minister of Education and Human Development, highlighted the importance...
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Grindrod is the Best Company in Mozambique
Grindrod has been recognized as the Best Company in Mozambique in the XXV Edition of the prestigious survey, "The 100 Largest Companies in Mozambique" (2023), carried out by KPMG Mozambique. Grindrod's dry bulk terminal at the Port of Maputo (Grindrod Moçambique Limitada) demonstrated exceptional performance in several parameters, securing first place with an impressive score...
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Simplified Banking Experience: ebankIT is a partner in the digital transformation of FNB Mozambique
FNB Moçambique recently launched a trio of cutting-edge digital channels - an App, Internet banking and a new Website - in partnership with ebankIT, an Omni channel digital solution - with the aim of offering an improved banking experience to FNB Moçambique's customers. FNB Moçambique has embarked on an exciting journey towards...
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Netherlands reaffirms support for Mozambique in managing water resources and promoting access to clean water
Carlos Mesquita, Minister of Public Works, Housing and Water Resources and Elsbeth Akkerman, Ambassador of the Kingdom of the Netherlands were unanimous in stating that Mozambique should continue to prioritize cooperation with the Netherlands, in a sustainable way to boost and strengthen monitoring systems, flood and drought management, promotion of water security, through...
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Cahora Bassa reaches highest production in five years
Hidroeléctrica de Cahora Bassa (HCB) S.A. ended 2023 with production of around 16,057.55 GWh, a figure that represents 12.36% above that year's projections and 2.0% above the volume of production achieved in 2022. "The annual production achieved by December 31, 2023, is the highest in recent...
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Access Bank completes acquisition of Atlas Mara and consolidates its position as one of Zambia's largest banks
Access Bank recently finalized the acquisition of African Banking Corporation Zambia Limited, which still operates as Atlas Mara Zambia, consolidating its position as one of the five largest banks in that African country. The operation was completed following regulatory approval and the fulfillment of all contractual conditions and allows Access Bank to now...
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Mozambican Companies Join Efforts to Support Mambas' Participation in CAN 2023
A group of Mozambican companies, made up of Banco Nacional de Investimento (BNI), Portos e Caminhos-de-Ferro de Moçambique, E.P (CFM), Construções Karina, Cornelder de Moçambique (CdM), Electricidade de Moçambique (EDM), EMOSE, Grindrod, Hidroelétrica de Cahora Bassa (HCB), Manica, Mota-Engil, Petromoc and Sociedade de Desenvolvimento do Porto de Maputo (MPDC), came together with a noble purpose: to support...
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Private sector sales index at 11-month low - PMI survey
Mozambique's private sector ended 2023 in its weakest position since the start of the year, according to PMI survey data. Companies saw order book volumes fall into negative territory. Activity and purchasing levels continued to fall, leading to the biggest reduction in stocks since July. How...
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SNJ expresses its sorrow at the death of journalist César Langa
The Executive Secretariat of the National Union of Journalists, on behalf of the governing bodies and members of the SNJ, reports with deep regret the death of journalist and member César Mário Langa, Rapporteur of the Bureau of the National Conference of the SNJ. César Langa lost his life this morning, January 2, 2024, at the...