A study by the Center for Public Integrity (CIP) reveals that the implementation of the Chinese company Haiyu Mining, which has been exploiting heavy sands for more than ten years in Angoche, Nampula province, is causing serious environmental problems that are driving communities into poverty. In a VOA publication, CIP points to the destruction of native vegetation, the existence...
The attempt to rebuild the companies Linhas Aéreas de Moçambique (LAM) and Aeroportos de Moçambique (AdM) cost the state coffers 3.7 billion meticais in 2023. Despite the effort to respond to the companies' financial difficulties, the Ministry of Economy and Finance estimates that both will continue to expose the state to fiscal risk,...
Mobile operator Vodacom Mozambique has become the first telecommunications company to obtain ISO 50001 certification for energy management. ISO 50001 is an official, globally-recognized certification awarded to organizations that demonstrate world-class energy management, helping them to reduce consumption by developing a...
Fly Modern Ark (FMA), the consultancy hired by the government to recover Mozambique Airlines (LAM), ended its management agreement with the national flag carrier yesterday (Thursday 19). The information was provided to MZNews by an internal source at the airline, signaling the end of an era marked by accusations of...
A Mozambique Airlines (LAM) aircraft, which was due to take flight TM 191 on Thursday night (19), hit a bird in Nacala and was forced to stop its journey. The collision happened when flight TM 191 was on its way from Lichinga - in Niassa province, and was due to make a stopover in Nampula and...
The Cahora Bassa Hydroelectric Company (HCB), located in the province of Tete, central Mozambique, announced today, Thursday (19), that it is implementing management measures to deal with the effects of the continuing severe drought, influenced by the occurrence of the El Niño phenomenon in southern Africa. In a statement released today and seen by MZNews, the...
US multinational Tupperware has begun bankruptcy proceedings, dragged down by falling sales, and will seek court approval to continue operating and facilitate a sale process to protect the brand. The bankruptcy filing in the Delaware Bankruptcy Court comes after months of proceedings. Tupperware Brands,...
Through the Council of Ministers, the government has appointed Omar Mithá to head the Investment Advisory Board of Mozambique's Sovereign Fund (FS). The appointment was made in a resolution approved this Thursday (12) in Maputo, during the 27th ordinary session of the Council of Ministers. Omar Mithá will lead the body made up of...
The state-owned company Electricidade de Moçambique (EDM) has acquired 70% of the shareholdings of the shareholders of the current concessionaire of the Mphanda Nkuwa hydroelectric plant, a project being designed and with a projected capacity to produce 1500 MW, on the Zambezi River, in the central province of Tete. The decision was announced by the spokesman for the Council of Ministers, Filimão...
Italian petrochemical company Eni SpA posted a profit of 1.52 billion euros in the second quarter of 2024, beating expectations due to strong performance in its oil and gas exploration business. The floating natural gas platform, Coral Sul FLNG, anchored in the deep waters of the Rovuma basin in Cape...