The Government approved this Wednesday the terms and conditions of the concession contract for the Nacala Thermal Power Plant, with a maximum capacity of 250 megawatts (MW), for the production and sale of electricity, the Council of Ministers announced in a statement
For a year now, the pandemic has been shaking several sectors of economic activity in the world. In Mozambique, the beer industry is one of those that has been most affected, because the restrictive measures adopted by the government since the beginning, in March 2020, have shortened the hours of commerce and restaurants, and banned some establishments such as tents and nightclubs as a way to avoid crowds
Several international companies, some of which are considered to be global mining giants, have expressed interest in searching for diamonds in Mozambique
The Government of Canada will disburse five million Canadian dollars to improve the living conditions of communities around Gorongosa National Park in Mozambique, it was announced Tuesday
The Minister of Foreign Affairs and Cooperation announced Friday in Lisbon that Maputo will host a bilateral summit between Mozambique and Portugal on November 4th and 5th
The Ministry of Economy and Finance says it has not asked the International Monetary Fund (IMF) for debt ratios to exclude specific bonds for countries in military conflict, it said on Friday in a note sent to Lusa
Chinese company WIH announced Thursday in Maputo that it will set up four more factories in Mozambique, budgeted at over US$800 million. The agreement signed between representatives of the company and the Ministry of Industry and Trade, is part of the National Program to Industrialize Mozambique (PRONAI). "This group intends to give continuity to the...
Despite being better known, the challenges in using the Mozambique Stock Exchange as a true funding alternative persist Salim Valá, president of the board of directors of the Mozambique Stock Exchange (BVM), says that despite the many advantages that come from an investment in the BVM, there are still many companies that show...
Mozambique's benchmark interest rate will drop 30 basis points to 18.6% in September, the Mozambican Association of Banks (AMB) announced this Thursday
The oil company TotalEnergies postponed by two more years, to 2026, the forecast production of liquefied natural gas in Cabo Delgado, the northern part of the country under armed conflict, according to the latest information to investors