Empresa Electricidade de Moçambique (EDM) is investing USD 29.5 million in the implementation of a new customer care system, with a view to improving the level of customer response and management of the breakdown system. The program is funded by the World Bank, as part of the company's ongoing digital restructuring aimed at...
A study by Mozambique's Centre for Public Integrity shows that many state companies are not financially sustainable and depend on public money to survive. The state business sector has a high "fiscal risk," according to a study by Mozambique's Center for Public Integrity (CIP) presented on Thursday. Many public companies have difficulties in...
Electricidade de Moçambique (EDM) will invest 413 million dollars to implement the second phase of the expansion of the electricity grid throughout the country. The amount will be applied under the Energy for All Program, which aims to facilitate access to electricity to more families and businesses nationwide, contributing to universal electrification...
SUEZ together with Royal Bafokeng Holdings (RBH) and African Infrastructure Investment Managers (AIIM) have completed the acquisition of EnviroServ Proprietary Holdings Limited and its subsidiaries ("EnviroServ") after receiving approval from the local authorities in accordance with the terms announced on June 9, 2022. This acquisition will enable SUEZ to strengthen...
Stravillia, a sustainability consulting firm, chose Mozambique to open its first branch outside Portugal. The goal is to support Mozambican companies in their journey towards sustainability, helping them understand which ESG (Environment-Social-Governance) issues are more relevant to the organization. This, so that companies can integrate these themes in their...
The Enterprise Economic Climate Indicator (ICEE) rose from 91.2 to 97.6 points in the third quarter of this year, the National Statistics Institute (INE) announced Wednesday. "The ICEE registered a slight increase in the third quarter" compared to the previous quarter and in line with the "recovery that started in the fourth quarter of 2021," reads the...
Insurer Fidelidade Ímpar today announced the acquisition of Tranquilidade Moçambique's policy portfolio, effective from Saturday, October 1. Tranquilidade policies will now be "managed by Fidelidade Ímpar, thus ensuring the continuity of the risk, during the current insurance period, without any change in the agreed conditions," the company announced. Carlos...
The Airline Pilots Union (SPLA) has decreed a strike starting October 7, having already sent the strike notice to TAAG - Angolan Airlines on Friday, announced yesterday the Angolan airline. In response to this communication, TAAG's management said in a statement sent to the agency...
The Maputo Municipal Public Transport Company (EMTPM) needs at least 300 buses to meet the demand for the service in the metropolitan region. The information was shared yesterday, in the capital of the country, by the President of the Board of Directors (PCA) of the company, Lourenço Albino, at the VI Annual Planning Meeting, held under the slogan "United and committed to...
US aircraft manufacturer Boeing and its former CEO, Dennis Muilenburg, have been fined $200 million after the company was accused by the US Securities and Exchange Commission of making false statements about the safety of the 737 Max model. Statements that were made after the occurrence of...