More than two thousand workers from various branches of activity in Sofala province have been fired from their jobs this year due to the economic crisis caused by the Covid-19 pandemic
Category: Featured
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Australian MRG Metals confirms mineral abundance in Gaza
Australian mining company MRG Metals announced on Friday that samples taken from its concession at Nhacutse, which is located in its Southern Corridor project in the southern Gaza province, confirm that Nhacutse contains very high grade heavy mineral sands
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Government confident of gradual economic recovery this year
The President of the Republic, Filipe Nyusi, expressed confidence last week in the gradual recovery of the economy during the current year. Contributing to this optimism are, among other things, the implementation of several programs with the potential to revitalize the economy, including SUSTENTA - in the area of Agriculture, "Lighting Mozambique" and "Water for Life".
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"Military intervention without social development actions will create oil enclaves"
Analysts said today that a foreign military intervention unaccompanied by social and economic development actions in Cabo Delgado will create "oil enclaves" in the multinationals' areas of operation, but "will not eliminate the armed insurgency"
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"Suspension of Standard Bank could be negative for national economy," analysts warn
Experts warn that Standard Bank's suspension from the foreign exchange market has the potential to further aggravate the economic crisis in Mozambique, because this decision by the Central Bank, although correct, is already having a negative impact, especially on inflation and the exchange rate
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PR announces tightening of restrictive measures. Classes are suspended in some cities
The President of the Republic has just announced tonight, in his communication to the Nation, the intensification of measures to slow down the third wave of the covid-19 pandemic in the country
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"Cabo Delgado stage of the natural resources curse"- analysts point out
Experts have no doubts that Cabo Delgado is the stage for the "natural resources curse
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The President of the Republic speaks to the nation today as part of the Situation of Public Calamity
The President of the Republic, Filipe Nyusi, makes, today, Thursday, a Communication to the Nation under the Situation of Public Calamity
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Standard Bank's suspension from the foreign exchange market creates uncertainty for entrepreneurs
The Confederation of Mozambican Economic Associations - CTA considers that Standard Bank's suspension from the foreign exchange market is creating uncertainty in the business community, warning that 45% of the monthly import volume is done through that bank
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Standard Bank's suspension from the foreign exchange market is already hurting clients
Standard Bank's suspension from the foreign exchange market is already causing losses for private and corporate clients