Innovative Guerrilla Campaign and Pioneering Presence on the Tinder Platform: Mnb Agency Reinvents Communication and Advertising in Maputo. The Mnb agency (Maningue Nice Brand) is redefining the boundaries of communication and advertising with an innovative guerrilla campaign that extends to digital media. It stands out as the first agency to explore the platform...
Category: Economy
State loses more than 43 million meticais due to smuggling of poultry products
The Mozambican state lost more than 43 million meticais this year due to the smuggling of poultry products across the borders of Maputo province. According to the deputy of the Maputo province Tax Authority (AT), Maria Machicoa, who did not indicate the quantity of products smuggled and seized by Customs, said that currently,...
FNDS provides 15 million dollars to finance agriculture in Zambezia
The National Fund for Sustainable Development (FNDS) will make 15 million dollars available to finance small and medium-sized companies operating in the agribusiness sector. The amount, which varies between 6 and 63 million meticais, is specifically aimed at those operating in the field of seed production and processing and cashew agro-processing. José...
Number of billionaires in the world increased by 7% and their wealth by 9%
A report by Swiss investment bank UBS revealed on Thursday that the number of billionaires in the world has increased by seven percent compared to last year. Their wealth increased by nine percent. The UBS Billionaire Ambitions Report 2023 indicates that in 2022 there were 2,376 billionaires in the world,...
?Brutal: Ford Ranger Raptor sells 400 vehicles in just five hours on pre-order
Ford has announced that the Ford Ranger 2024 model has broken a pre-sale record by selling 400 vehicles in four hours, according to the Brazilian press. In around 30 minutes, 250 vehicles were ordered. The first 200 pickup trucks should reach their owners in February 2024. The second batch should be completed by...
Businessmen estimate the annual cost of the PAC at more than 400 million USD
The Confederation of Economic Associations of Mozambique (CTA) estimates the annual cost of implementing the Conformity Assessment Program (PAC) in the private sector at more than 400 million US dollars. The impact of the measure is seen as negative, since according to businesspeople the PAC will cause, among other things, an increase in...
CFM to invest 376 million dollars in the purchase of 10 locomotives
Mozambique, through the state-owned company Caminhos de Ferro de Moçambique, is about to buy a total of 10 locomotives from the Indian state-owned company Rail India Technical and Economic Service (RITES). This is a recent award (this November), in a deal worth 37.6 million US dollars. In a note to the Indian stock exchange, to which the...
Heavyweights cited in scheme to acquire DUATs for mineral-rich land and then demand compensation from exploration companies
A group of seven well-positioned citizens are demanding compensation from Grafex Limitada, a subsidiary of Triton Minerals, for giving away graphite-rich land in the Ancuabe district of Cabo Delgado province. According to the newspaper Evidências, these individuals obtained the Land Use Rights in 2015 after finding out...
Mozambique is the sixth worst country in the world with a high risk of money laundering and terrorist financing
Mozambique is the sixth worst country in the world, out of 203, with a high risk of money laundering and terrorist financing, according to the International Center for Asset Recovery, cited by the Center for Public Integrity (CIP). For the CIP, this classification, which is included in the Basel AML Index, signals the country's vulnerability to...
UK bank evaluates investment in gas projects in Africa, including Mozambique
The UK's development bank, British International Investment, is willing to consider financing energy projects in Africa that run on natural gas, if they increase access to electricity on the continent, according to officials. As the world prepares for the next round of United Nations climate negotiations, which begin...