Economic conditions in Mozambique continued to improve last July, according to the latest data from the Purchasing Managers' Index™ (PMI) survey, conducted monthly by Standard Bank
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Pandemic continues to overwhelm Mozambican companies and workers
Bills and more bills. It has been like this for about a year and a half. Mozambican companies are counting the losses they are accumulating, following the direct impact of the Covid-19 pandemic on their activities
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Apple is considered the most profitable company in the world
Apple, quarter after quarter, continues to break sales and revenue records. These results catapult the Cupertino giant to the top spots in the Fortune Global 500 ranking
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Theft and inefficiency take $100 million in annual revenue away from EDM
The president of Electricidade de Moçambique (EDM), Marcelino Gildo, said on Thursday that the company loses US$100 million every year due to energy theft and grid inefficiency
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Business robustness improves slightly in the second quarter
Business activity experienced a timid recovery in the second quarter of this year as a result of relief from the Covid-19 spread containment measures, along with the start of agricultural marketing and the beginning of exports of agricultural commodities and fish products
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Public and private institutions owe $25 million to EDM
Public institutions, namely the State corporate sector, and private institutions owe $25 million to Electricidade de Moçambique (EDM) and plans are underway to clean up the debt
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Standard Bank already has a new CEO
Standard Bank announced this Thursday the appointment of William le Roux as interim chief executive officer (CEO), effective immediately, after approval by the Bank of Mozambique
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"Lack of private sector robustness hinders access to higher finance"
The outgoing representative of the African Development Bank (AfDB), Pietro Toigo, argues that private companies in the country lack robustness, which makes it difficult for them to access a higher type of financing
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Tesla with record profit close to $1 billion
The US electric vehicle manufacturer founded and led by Elon Musk, reported record net income of $1.14 billion in its fiscal second quarter
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Mozambique will have more cement plants
The strategy being followed by the Government aims to stimulate more investments capable of producing and placing the final product with quality and at competitive prices, and soon a cement plant will be installed in the district of Chibabava, province of Sofala, another one in Vilankulo, province of Inhambane, and the third one in the province of Cabo Delgado