The Hidroelétrica de Cahora Bassa (HCB) company recorded net profits of 10.2 billion meticais in the financial year ending on 31 December 2021. This is the highest value ever, according to the statement sent to MZNews. According to the statement, this result was supported by an increase in sales of 12.5% to 28,986.4 million...
Category: Market Announcements
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Absa Bank is the bank with the Best ESG Mozambique Business Strategy
Absa Bank Mozambique has just been recognized by the British magazine Global Banking & Finance Review, as the bank with the "Best Corporate Strategy ESG Mozambique 2022". This is an award that evaluates a set of practices and standards that define the level of sustainability of the operations of an Organization. The distinction also indicates that...
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Zuckerberg admits to losing money in the next five years
Meta founder and CEO Mark Zuckerberg has admitted to investors that he is prepared for the company to lose "significant" amounts of money on the development of the Metaverse between the next three to five years, writes News to the Minute. Tells Bloomberg that Zuckerberg's response came after an investor questioned the executive regarding the return...
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Expert recommends measures to ensure quality of higher education
Jeffy Mukora, an expert in the area of external quality evaluation at the National Council for Quality Evaluation of Higher Education (CNAQ), argues that to achieve excellence, higher education institutions have to invest in equipment, strengthen the capacity of using information and communication technologies for information management and...
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Fuel: Arene distances itself from the practice of unauthorized discounts
The Energy Regulatory Authority (Arene) states in a document accessed by MZNews that it distances itself from the practice of fuel discounts that has been seen in some segments of the fuel supply chain. The document also states that, within the scope of its inspection and supervision powers, it has carried out...
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Business Forum brings together Mozambican and Rwandan businessmen
Access Bank Mozambique was one of the main partners of the Mozambique Chamber of Commerce in hosting a Rwandan Business Mission to the country. The mission, consisting of over 50 Rwandan businessmen, included a Business Forum between the two countries. Besides the support, as a partner, refers the communiqué, the...
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Tempus Global Group launches 1st edition of Elite Employer
Tempus Global Group has just launched in Mozambique the Elite Employer, a pioneering program designed to recognize the best organizations to work for in the country. The program is based on the results of the National Human Capital Management and Benefits Survey conducted by the company between July and August 2021. According to a communiqu...
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Moza bank supports small farmers
Moza Banco proceeded this Tuesday with the delivery of agricultural seeds to associations of small farmers operating in several districts in Gaza province. The bank also donated sets of sheets and blankets to underprivileged children with motor difficulties. The act is part of the Social Responsibility Policy of the Bank, which has a...
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Galp rewards quality of service at its gas stations
Galp awarded two filling stations (BP) in the city of Maputo and one located in Xai-Xai for their performance in terms of quality of service provided to customers, under the new Shine Galp program. This program provides for the continuous assessment of a number of parameters that include safety rules, cleanliness,...
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Standard Bank promotes female entrepreneurship
Standard Bank promotes, between June 20 and 24, in partnership with the German Development Cooperation (GIZ), the 20th edition of #Ideate, a program to stimulate entrepreneurship and development of innovative businesses to solve challenges. Like the previous one, this edition is dedicated exclusively to women. To...