The company Syrah Resources, which explores graphite in Cabo Delgado, said yesterday that the expelled workers have incurred disciplinary proceedings after being involved in an ?illegal strike? at its mine in Balama. According to the company, in a statement quoted by Lusa, given the extensive and illegal nature of the actions undertaken by the group, proceedings were eventually instituted...
The Minister of Transport and Communications, Mateus Magala said today that the Mozambique Airlines company (LAM) had a real debt lower than that declared, due to a ?technical error?, which required a correction that improved the company's liabilities. According to Mateus Magala, the known debt of over 300 million dollars that...
A candy factory that started operations in Angola in October 2022 is already exporting its products to African markets, namely Mozambique, São Tomé and PrÃncipe and Zambia. This month, the company sent a 16-ton container of sweets to Mozambique, as it did to Zambia. In March of this year it sent more than...
Mozambique Airlines (LAM) is no longer insolvent as it has recovered a debt of US$47.3 million owed to the state and private entities since April, a company source said at a press conference. "The debt position was reduced" improving the debt to equity ratio, leading LAM to no longer be considered insolvent,"...
The company Portos e Caminhos de Moçambique (CFM) has just launched an international public tender for the acquisition of more rolling equipment, aiming to strengthen its capacity and consolidate its position in the provision of logistics solutions in the region. The Chairman of the Board of Directors of CFM, Agostinho Langa, who was speaking in Ressano Garcia, quoted by...
Mozambique Airlines (LAM) has reduced the price of air tickets by 30%, in six destinations. This measure covers customers on flights to and from Maputo, Beira, Pemba, Tete, Vilankulo and Johannesburg. In a statement, LAM said that with the optimization of the cost for customers, the aim of...
The city of Maputo will host, between May 26 and 28, the first edition of Maputo Auto-Show, an exhibition of new and used cars from various brands, as well as products and services from dealers. Taking place at Automobile and Touring Club of Maputo (ATCM), the event has Standard Bank as official sponsor....
CTA intends to present to the Government, at the XVIII Annual Conference of the Private Sector (CASP) to be held from June 21 to 23 this year, a concrete proposal to induce the industrialization of the country, the attraction of investments and establishment of partnerships. The announcement was made this Tuesday, by the president of CTA, Agostinho Vuma,...
Workers of a subsidiary company of Syrah Resources, which explores graphite in Cabo Delgado, accuse the firm of illegally firing employees who were involved in a strike in November at its mine in Balama. These are 23 workers from Twigg Exploration & Mining, a subsidiary of the Australian group Syrah Resources, which explores graphite at the Balama mine....
Millennium bim has joined the Azgo Festival, for the appreciation, exchange and promotion of the Mozambican cultural variety. The act, highlights the Bank's positioning as a partner in initiatives that promote artistic and musical production. After three years of interruption, due to the COVID-19 pandemic, the 10th edition of the Azgo Festival had...
