The consultancy NKC African Economics estimated on Monday that inflation in Mozambique for the year as a whole would stand at 5.3%, above the 3.1% recorded in 2020 and in line with the 5.2% of the first half
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Mozambican company promotes ruby auctions in India and Thailand
The mining company Fura Mining Mozambique launched this Monday the first auctions of rubies it is mining in the northern district of Montepuez, as part of two bids in India and Thailand, the Mozambican government announced
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Construction work on the port of Chongoene, in gaza will start soon
Construction work will soon begin on a small port on the Chongoene beach in Gaza, which will ensure the flow of the mining production resulting from the exploitation of heavy sands in Chibuto
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Government considers Mozambique still attractive to investments
The President of the Republic, Filipe Nyusi, believes that the existence of development corridors with their respective infrastructure, as well as the ease of insertion of Mozambique in the vast market of the Southern African Development Community (SADC), mean that our country remains attractive to both foreign and domestic investors. This conviction...
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Bank of Mozambique opens two more cases against Standard Bank managers
The Bank of Mozambique announced this Friday the opening of two more "misdemeanor cases" against two managers of Standard Bank, who must also pay a fine of just over one million meticais each. Claudio Banze, director of Information Technology, and Adimohanma Chukwuma, former deputy administrator, have committed "serious offenses related to the implementation of...
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Government wants to resurrect dormant industries in some parts of the country
The government says it is studying ways to revive dormant industries in some parts of the country. The Minister of Industry and Trade, who was speaking on Friday in Boane after the inauguration of the Beleza Mozambique factory by the President of the Republic, explained that the recovery process of dormant industries should be accompanied by a study...
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"Private companies' profit rose in the second quarter of 2021."-CTA
The Business Strength Index Report, recently presented by the Confederation of Mozambican Economic Associations (CTA), indicates that, between Q1 and Q2 2021, the profit of the Mozambican business sector registered a slight improvement, from -753 MZN/Un to -619 MZN/Un, reflecting the timid recovery in revenue volume by 3.1%, from 12.471 MZN/Un to 12.862 MZN/Un, associated with the reduction in production costs by about 0.44%, from 13.360 MZN/Un to 13.301 MZN/Un
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PR suspends classes in all subsystems of education in Vilankulo, Maxixe and Massinga
In-person classes remain suspended in all subsystems of education in the country, however, this Friday, the President of the Republic authorized the holding of in-person exams, starting Monday, with the observance of covid-19
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Post-cyclone reconstruction office announces $15 million for SME support
A USD 15 million Line of Credit is available to finance Small and Medium Enterprises (SMEs) affected by Cyclones Idai and Kenneth, which devastated the country in March and April 2019, respectively
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Partner Rigorousness Delays Post-Cyclone Reconstruction Program
Coordination gaps, the need to integrate resilience into projects, procedures required by cooperation partners, and the multiplicity of these are the main challenges of post-cyclone Idai and Kenneth reconstruction, which hit the central and northern parts of the country in March and April 2019, respectively