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...
Category: Market Announcements
Hollard directly benefits 16,000 small farmers
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...
YCAC-MOZ discusses climate solutions during the Children and Youth Conference
On August 22 and 23, Maputo hosted the second edition of the Local Conference of Children and Youth on Climate Change (LCOY-Mozambique). Organized by the Youth Platform for Climate Action (YCAC-MOZ) and co-organized by partners such as AEFUM, Repensar Environmental Education Cooperative, ECOP Mozambique and Aseder, the event was attended by more than...
AM Best reaffirms Credit Rating and highlights financial strength of Fidelidade Moçambique
Fidelidade Moçambique, Companhia de Seguros, SA has once again had its financial strength reaffirmed by the international rating agency AM Best. The agency maintained its rating of "B" (Fair) for Financial Strength Rating and "bb" (Fair) for Long-Term Issuer Credit Rating. ....
Coral Sul FLNG reaches production of 5 million tons of LNG
Eni, as the Delegated Operator of Area 4, on behalf of its partners, namely ExxonMobil, China National Petroleum Corporation (CNPC), GALP, KOGAS and ENH, today celebrates the production of 5 million tons of LNG by Coral Sul FLNG, located in the ultra-deep waters of the Rovuma Basin in Mozambique. This is a...
Carlos Mesquita Announces Launch of Public Tender for EN1 Rehabilitation
On August 23, the Minister of Public Works, Housing and Water Resources, Carlos Mesquita, announced the launch of the public tender to hire the contractors to rehabilitate National Road Number One (N1), after several postponements due to World Bank requirements. This is the implementation of Phase 1 of the N1 rehabilitation project,...
MRG Metals accelerates exploration programs in Mozambique and Zimbabwe
MRG Metals, a heavy mineral sands exploration company focused on project development, is accelerating exploration programs at its portfolio of projects in Mozambique and Zimbabwe. At the Adriano Rare Earth Exploration Project in Mozambique, 46 stream sediment samples were delivered to the ALS analytical laboratory in Africa...
Millennium bim recognized as the "Best Bank" and "Best Digital Bank" Mozambique
Millennium bim has just been recognized as the "Best Bank" and "Best Digital Bank" in the country by the prestigious Euromoney magazine, a world reference publication in the field of global economics and finance. With these two distinctions, among the most important in the international financial sector, Millennium bim maintains its position as the...
PNG receives first batch of RNM buffaloes
On Saturday (17), Gilé National Park (PNG) received 48 buffalo of the 200 that are to be relocated from Marromeu National Reserve, Sofala, to PNG, in Zambézia. The arrival operation was witnessed by Zambezia's Secretary of State, Cristina Mafumo. The Secretary of State hopes that the arrival of the animals will...
President of Malawi visits Beluluane Industrial Park
The President of Malawi, Lazarus Chakwera, yesterday visited Beluluane Industrial Park (BIP), the country's largest industrial park, operated by Moz Parks. The visit was aimed at gaining insights into Mozambique's thriving industrial and commercial sector. The excursion further strengthened ties between the two neighboring countries and explored opportunities for...