The United Bank for Africa (UBA), which has been operating in Mozambique for several years, recently opened a branch in the United Arab Emirates (UAE), as one of its strategies to take its services to new markets. Speaking at the inauguration of the new subsidiary in Dubai, the President of UBA, Tony Elumelu, explained that with the...
The General Inspection of Labor detected 20,190 infractions since January of last year until May 2022, when 12,785 companies were inspected. According to the Minister of Labor and Social Security, Margarida Talapa, 20,190 infractions were detected and 3,802 cases and 16,388 warning notes were issued, with an "imminently pedagogical" function. The fact was...
The Competition Regulatory Authority (ARC) announced it had sanctioned CFAO Motors Mozambique, Lda. for having carried out a merger without prior notification. In a note made public yesterday and quoted by the newspaper Notícias, the ARC said that following this sanction, CFAO Motors will have to pay a fine of 41,115,323.17Mt (forty...
The National Institute of Social Security (INSS) holds today and tomorrow, in the city of Nampula, province with the same name, the National Meeting, an event that aims to make a balance of the activities developed during the year 2021 and until the first semester of 2022, as well as reflect on the policies and instruments...
Amazon is developing vaccines in collaboration with Fred Hutchinson Cancer Research Center and has recently launched a clinical trial already approved by the Food and Drug Administration (FDA), the US equivalent of Infarmed. The partnership aims to recruit up to 20 participants over the age of 18 for the first phase of testing, from...
The government announced Tuesday the approval of the merger of the public companies Hidráulica de Chókwe and Regadio do Baixo Limpopo. The spokesman for the Council of Ministers, Filimão Suaze, said moments after a session that the merger aims to "improve operational efficiency in the management and maintenance of irrigated areas. The two companies, located in Gaza province (south...
Among the abuses experienced by private security agents are: non-payment of wages and in some cases below the table approved by the Government, the non-channelling of workers' Social Security contributions and also the poor working conditions. Olga Manjate is the President of the Labor Mediation and Arbitration Commission and guarantees...
Portos e Caminhos de Ferro de Moçambique (CFM) wants to continue this year investing in rail and port assets linked to infrastructure, as well as in the increase of rolling stock for all corridors under its management. In the South, the company points out as one of the great challenges for this year to face the competition from the highway...
The excess of procedures in the processing of documents and high costs to formalize a company is seen by the Center for Democracy and Development (CDD) as the main factor that leads young people to "opt" to develop their businesses in the informal(ized) sector. "Due to the excessive bureaucracy and costs involved, many young people end up giving up...
Electricidade de Moçambique (EDM) revealed Tuesday that at least 30,000 people have been without power due to the vandalisation of transformers over the last three years by rebels in Cabo Delgado, in the north of the country. Armed groups have vandalized at least 25 transformers in Cabo Delgado, said Gildo Marques, director for the service area...