Empresa Moçambicana de Seguros (EMOSE), said it was still evaluating the possible purchase of state shares in the company Linhas Aéreas de Moçambique (LAM), noting that only after this analysis will it decide whether to go ahead with the deal. The country's oldest insurance company is one of the three state-owned companies tipped to buy 91%...
Moçambique Dugongo Cimentos considers that an arbitrary reduction in the price of cement could affect normal production and supply in the market, stressing that the establishment of the cost is influenced by multiple factors, which cannot be explained and decided by a single piece of information or number. Located in Matutuine, Maputo province, the firm...
The Industrial Association of Mozambique (AIMO) argues that megaprojects should boost the development of local industries and improve the lives of communities, as long as they operate in the country. The position was presented last Friday (14) at a meeting between AIMO and the Minister of Economy, during which the association asked for more access to funding....
The population of the Nhampassa region, in the Bárue district of Manica, has invaded a tourmaline mine in protest at the failure of mining company Sominha Limitada to comply with its social responsibility agreement. According to a report in the newspaper "O País", the complaint has been going on for almost three months, when the local community decided to invade the...
US oil company ExxonMobil has announced that it has invested more than 20 million dollars in Mozambique since 2017 as part of its local content development strategy. According to a publication by Further Africa, which quotes the company's director of Public and Government Affairs in Mozambique, Armando Afonso, ExxonMobil plans to direct more investments in the economy...
Electricidade de Moçambique (EDM) has said that it is making efforts to ensure that some border posts in the central province of Tete are no longer dependent on electricity from neighboring countries, especially Zimbabwe and Malawi. According to EDM's Director of Electrification and Projects, Sílvio Nurmomad, these are the border posts of Cuchamano, in...
The suspension of work at the Chongoene Port Terminal in Gaza province is putting around 200 jobs at risk and jeopardizing the export of more than 270,000 tons of minerals from the Chibuto heavy sands project. According to the Chongoene district administrator, Artur Macamo, quoted by...
The Bank of Mozambique (BdM) announced this Thursday (13) that it has removed Standard Bank's resident inspector, Cláudio Júlio Mangue, four months after his appointment. In a note from the BdM, the withdrawal of Cláudio Júlio Mangue, a senior central bank official who had been appointed on October 14, comes after Standard Bank...
Linhas Aéreas de Moçambique (LAM) has selected 14 companies in the first phase of the tender to acquire two lots of Embraer 190 and Boeing 737-700 aircraft, all of them in an unspecified number. According to a report in the Savana newspaper, which quotes a communication from the airline, LAM announced the notification of the...
Hidroeléctrica de Cahora Bassa (HCB), the country's main electricity producer, located in the province of Tete, central Mozambique, announced this week that it expects to pocket 18 billion for the state coffers by the end of the year. The guarantee was given by the chairman of HCB's Board of Directors, Tomás Matola, who...