The Ministry of Economy will remove the protection granted to the cement production industry in Mozambique in 20% to allow for greater competitiveness and, consequently, a reduction in prices. According to AIM, which carried the news, the protection in place was for some large investments that have taken place in the country in recent years, namely Dugongo...
The Local Development Support Fund will be budgeted at more than one billion Meticais, of which around 60% will finance entrepreneurial initiatives led by young people. According to a report in "O País", the document has already been approved by the government and was discussed yesterday at a session of the Interministerial Committee to Support...
Public spending by the Mozambican state reached 471 billion meticais (around 7.4 billion dollars) in 2023, of which 67 percent was spent on salaries, payment for goods and services. Of the money earmarked for operation, around 57 percent was spent on salaries and wages, while...
The deficit in foreign currency, especially the dollar, is compromising the import of fuel into the country, a scenario that has led to shortages at some of the country's fuel pumps. The information was provided by Hélder Chambisse, Chairman of the Board of Directors (PCA) of Petróleos de Moçambique, Petromoc in an interview with...
Public spending by the Mozambican state reached 471 billion meticais (around 7.4 billion dollars) in 2023, of which 67% was spent on salaries, payment for goods and services. The information is contained in a study and advocacy on local content in public spending and incentives for industrialization, carried out by...
On Thursday (20), the National Social Security Institute (INSS) began delivering aid to pensioners and self-employed workers affected by cyclone Chido in Cabo Delgado. The initiative, according to the institution, is part of the Health and Social Action Program. According to a report in the newspaper "O País", a total of...
Mozambique imports around 34,265 tons of used clothing every year, according to data revealed in a study presented this Wednesday (19) in Maputo City, entitled "Current Situation of the Second Hand Clothing Market in Mozambique". According to researcher Brian Mangwiro, quoted by AIM, these figures are justified by the growing demand for...
The country expects to earn around 2 billion meticais (equivalent to 31 million dollars) from macadamia exports in the current agricultural season, which involves the provinces of Maputo and Niassa. According to the director of the Central Services for Almond Production and Development, Feliza Macome, Mozambique expects...
A mission of Dutch businesspeople is in Manica province looking for investment opportunities in various business sectors. According to a press release, a total of 20 Dutch companies are looking for opportunities, especially in the areas of agribusiness, with a focus on seeds, agrology, poultry farming and agroforestry systems. The aim of this mission...
The Minister of Foreign Affairs and Cooperation, Maria Manuela Lucas, said on Wednesday (19) that Mozambique was aiming to develop innovative cooperation initiatives to deal with economic inequalities. Speaking at the opening session of the annual retreat of the United Nations team in Mozambique, she said she hoped that "the encouraging results of cooperation...