The United Bank for Africa, UBA, through the Tony Elumelu Foundation, Africa's leading philanthropic organization, has announced the opening of applications for Africa's largest Entrepreneurship Programme 2025. The opportunity is also open to young Mozambicans who will be able to sign up and take part in the transformative initiative, aimed at fostering job creation,...
Category: Economy
CTA optimistic about the efficiency of the new government for the business environment
The Confederation of Economic Associations of Mozambique (CTA) believes that the new government structure will bring more efficiency to business. For the CTA, it is clear from the outset that the new government will bring greater efficiency to the business environment, which could galvanize entrepreneurial activity. "Also the fact that, during the investiture,...
Launch of Vista Bank in France: A strategic milestone to boost trade growth in Africa
Vista Group, a financial services holding company with a mission to become a world-leading pan-African banking institution, has received approval from the French banking regulator, ACPR, to establish Vista Bank in France. Vista Bank France will be launched in the second half of 2025 and will be Vista Bank's first banking operation...
There's no money left to pay the thirteenth, says the government
The Minister of Economy and Finance, Adriano Maleiane, made it known this Monday that there are no conditions for the payment of the thirteenth salary in the civil service. This information comes after the government itself gave assurances about a month ago that the thirteenth salary would be paid to civil servants. Speaking on the cameras of Televisão Miramar,...
Hauliers call for more flexible goods clearance at Machipanda border
Long-haul cargo transporters who use the Machipanda border are asking the authorities in both countries to find ways to make customs clearance of goods more flexible, especially on the Zimbabwean side. Operators report that although the border is open 24 hours a day, there is a lack of flexibility, which sometimes forces them to wait...
Court dispute freezes million-dollar Revuboè coal mine sale deal
A court case taking place on national territory has led to the freezing of a million-dollar deal in which Indian steelmaker JSW Steel, owned by billionaire Sajjan Jindal, intends to acquire the estate of Australian maganta Ken Talbot, who died 14 years ago. The deal is over the lease of the coal mine in Revuboè (MoR), in the province of...
Government announces the reopening of four establishments closed for irregularities
The government, through the National Inspectorate of Economic Activities (INAE), has authorized the reopening of four of the 12 commercial establishments that had been closed down in the last six months due to non-compliance with legal regulations relating to health and food safety. According to a report in the newspaper Notícias, the establishments have resumed their activities after complying with the...
Airlink resumes flights to Mozambique after suspension announcement
South African airline Airlink announced the resumption of flights to Nampula on Thursday (9), after a temporary suspension motivated by the threat of seizure of its aircraft, following a decision by the Mozambican courts. According to Engineering New, Airlink, which operates flights between Mozambique and South Africa, decided to return to the route...
Political instability: Mozambique could lose financial support from donors, warns Oxford Economics
Oxford Economics warns that international donors and investors may withdraw financial support to Mozambique if instability continues beyond the first quarter, due to the "oppression" of the government. The demonstrations that followed the announcement of the election results by the National Electoral Commission and which were called by the candidate...
INAMAR awards more than 50 million for vehicles to Entreposto
The National Institute of the Sea (INAMAR) has awarded Entreposto a public tender in which it will drain more than 50 million maticais to acquire an unspecified batch of vehicles. According to the tender notice published in the newspaper Notícias on January 1, 2025, the vehicles are intended for the maritime administrations of the...