Mavago Gems intends to start prospecting for rubies next semester in the district of Mavago, Niassa, motivated by the influx of artisanal miners. The foreign-owned company is mobilizing equipment to start the survey, according to Notícias, which quotes the company's administrator. It recently obtained a license for prospecting and...
Transportadora Aérea Portuguesa (TAP) is going ahead with a reduction in salary cuts for 20% for all employees, while also updating the amount below which no cuts are applied, according to a message from the Executive Committee, to which Lusa has had access. In the message, sent to employees, the airline's management recalls that "TAP...
Access Bank Mozambique's newest branch opened yesterday on Avenida Julius Nyerere in Maputo city. The branch replaced another on the same avenue. This is the Bank's 11th branch since it set up in Mozambique in 2020, thus strengthening its presence throughout the country....
Galp Energia achieved an adjusted net profit of 881 million euros in 2022, almost doubling, with a growth of 93%, the profit of 457 million euros recorded in 2021, the Portuguese company revealed this Monday, February 13. This is the oil company's biggest profit ever. On an IFRS accounting basis, the result...
In view of the heavy rainfall in the Maputo metropolitan area, AdRMM (Água da Região Metropolitana de Maputo, SA), a company owned by FIPAG (Fundo de Investimento e Património de Abastecimento de Água), warns consumers, other customers, partners and the general public that there may be a reduction in the...
This Thursday in Cabo Delgado, the President of the Republic (PR), Filipe Nyusi, called on the banking institutions operating in the province to resume their activities. Nyusi urged the Bank of Mozambique to conduct a reflection with the commercial banks to assess the conditions for a rapid, large-scale recovery. The Head of State was speaking moments...
The PMI index of Mozambican business activity fell in January to 48.2, the lowest level in 12 months, signaling a contraction in the economy, announced Standard Bank, which conducts the survey. "This reflects monthly contractions in output, new orders and stocks of acquisitions, generally accompanied by a slowdown in production...
Toyota Motor announced today a net profit of 1.96 trillion yen (13.9 billion euros) between April and December, the first nine months of the Japanese car manufacturer's fiscal year. The figure is 18% less than in the same period last year. Earnings before interest and taxes...
Absa Bank Mozambique, committed to the Sustainable Development Goals and the 2030 agenda, has developed, as part of its Graduate Program, a specialized program to prepare young people for the banking sector. After the first phase of selecting participants for the 2023 program, the bank began...
The Mozambique Ports and Railways Company has announced the restart of rail transport operations on the Cena line, on the Dona-Ana-Vila-Nova-da-Fronteira branch, which runs from Beira to Malawi 37 years later. The equipment left the Port of Beira last Friday and belongs to the Chinese company CR20, which is responsible for rebuilding the line in the country...