Through the Local Economic Development Fund (FDEL), the Mozambican government is granting one billion meticais to finance youth initiatives with the aim of reducing the cost of living. The amount was announced today (21) by the government spokesman, Inocêncio Impissa, at a press conference in Maputo, reiterating that the fund aims to boost entrepreneurship...
The Indian mining company Vulcan, which exploits coal in Moatize, in the province of Tete, central Mozambique, intends to invest one billion dollars over the next few years in the area of environmental sustainability, recycling of mining waste and its transformation, and renewable energies. The information was released last week after a meeting between...
The provincial government of Nampula, in northern Mozambique, this Thursday approved the plan for the first 100 days of government, which is valued at 336.5 million meticais. Meeting in its first ordinary session, the spokesman for the Nampula Provincial Executive Council (CEP), William Tunzine, explained to the press that "this plan presents actions to be carried out...
The President of the Republic, Daniel Chapo, met this Thursday (20) in Maputo with the Association of Commercial Banks to assess and announce immediate measures for the economic recovery of Small and Medium-sized Enterprises (SMEs) affected by the post-election demonstrations that culminated in the vandalization and destruction of several businesses. "With regard to this moment that we're...
The Italian government, through the United Nations Development Program (UNDP), is funding the implementation of the "Digital Flagship for Africa" project, an initiative budgeted at 100 million dollars to support digital transformation in Mozambique. The project is part of a broader initiative of the Mattei Plan program, which aims to accelerate...
The post-election demonstrations that broke out in the last quarter caused an estimated 32.2 billion (around 504 million dollars) in damage to the Mozambican economy and led to the loss of more than 17,000 jobs nationwide. The figures were released on Thursday (20) by the President of the Confederation of Economic Associations (CTA),...
The contractor for the construction of Avenida Dom Alexandre, which is supposed to connect the Mahotas neighborhood in Maputo city to the village of Marracuene in Maputo province, with a length of 10 kilometers (km), has demobilized the equipment that was supposed to be used in the project because it has allegedly been accumulating losses for about a year,...
The South African company Trans African Concession (TRAC) is not authorized to disclose the concession contract for National Road number 4 (EN4) with a Mozambican and South African state. In an interview with Rádio Moçambique today, TRAC's Director of Maintenance, Fenias Mazize, said that this was because there was an impediment clause. "In...
The International Monetary Fund (IMF) has assured the President of the Republic, Daniel Chapo, that it will continue to support Mozambique in its development efforts and macroeconomic stability, through financing from the Extended Credit Facility (ECF). The assurance was given today, Thursday (20), by Pablo Lopez Murphy, head of the IMF delegation,...
The German government, through the KfW bank, has announced financial support of 17 million euros for the construction and rehabilitation of the Lichinga and Cuamba mini-hydro plants in Niassa province, northern Mozambique. Speaking after signing the agreement with the Mozambican government, the Ambassador of the Republic of Germany to Mozambique, Ronald Münch stressed that...