A few days ago, Machel Fidus and Bayport Mozambique renewed their commitment to continue cooperating in the implementation of the "Digitalization Project", an educational initiative that aims to equip students with digital skills for their academic and professional development. This renewal, according to a press release, was materialized through the signing of a Memorandum of...
Italian multinational Eni plans to invest three billion dollars in Mozambican companies in the technical and non-specialized goods and services sectors, says the Confederation of Economic Associations of Mozambique - CTA, following a meeting with the oil company. ENI shared its Local Content and Procurement Plans, highlighting the contributions of...
Moza Banco remains a solid, stable and constantly growing financial institution, with particular emphasis on the increase in the number of customers and deposits. It should be noted that Moçambique Capitais filed a lawsuit against the Central Bank over its intervention in Moza Banco in 2016. Recently, the Administrative Court (TA) issued a ruling that...
The government is not going to intervene in the dispute between the Bank of Mozambique (BM) and Moza Banco, over the BM's intervention to remove Moza from a situation of near insolvency. However, according to the spokesman for the Executive, Inocêncio Impissa, who put forward the government's position yesterday, the windows for this are not completely...
Millennium bim celebrated another milestone in its journey by inaugurating the renovated Nampula Branch, a new, modern space designed with the customer experience in mind. The reopening of this space represents more than a physical renovation, it is an expression of the Bank's ongoing commitment to transforming the...
The Hollard Moçambique Seguros group now owns 100% of the shares in Global Alliance Seguros, thus opening up space for its expansion in the national market. The announcement was made on Tuesday during a press conference held by the company's management in Maputo. Hollard thus remains a leading insurer in Mozambique,...
The Mozambican Chamber of Commerce (CCM) announced this Wednesday (26), in Maputo, that by decision of the general assembly of this organization, it was decided to support the candidacy of Álvaro Massingue for the presidency of the Confederation of Economic Associations of Mozambique (CTA), currently led by Agostinho Vuma. This is the second time that Álvaro Massingue has run for the leadership...
The Italian government will provide 23.5 million dollars to support a program to encourage youth entrepreneurship in Mozambique, called IN4JOB. The support was announced last week during a meeting between the Italian ambassador to Mozambique, Gabriele Annis, and the Minister of Youth and Sport, Caifadine Manasse. According to a statement from the Embassy of...
Montepuez Ruby Mining (MRM) warns of the increased dangers of illegal mining, following an incident on March 18 at its concession in Namanhumbir, Cabo Delgado province, which resulted in the gunshot wounding of an illegal miner during a confrontation with a patrol from the Armed Forces for the Defense of...
Hidroeléctrica de Cahora Bassa (HCB) was honored on Monday (24) by the Mozambican Tax Authority as the top-ranked company in the "Income Tax" and "Global Contribution" categories. The recognition highlights the company's record payments to the public purse, reinforcing its strategic role in national development. In the last three years (2022 to 2024),...