Two companies from different branches of activity received Friday the stamp "Made in Mozambique", making 95, the number of entities that have already joined the "Mozambican pride" in the province of Nampula. The companies are a company linked to the branch of fortified maize flour processing, based in the provincial capital, and another one linked to the provision of services...
Businessmen from Cabo Delgado ask for less bureaucracy in the access to credit line
The Business Council (CEP) of Cabo Delgado defended, this week, the need for the Office of Post-Cyclone Reconstruction (GREPOC), to unbureaucratize the access to the US$ 15 million allocated by the Government, in the form of a co-financed donation to the private sector affected by cyclones Idai and Kenneth, in seven provinces of the northern, central and southern part of...
Musk wants to fire 10% of Tesla employees: 'I have a bad feeling about the economy'
Elon Musk, the owner of Tesla, argues that the electric car company needs to "make a 10% reduction in staffing." The tech mogul's claims appear in an email sent on Thursday to Tesla executives, to which Reuters news agency had access. In the message, titled "Pause in all...
Elon Musk implacable with telecommuting: 40 hours in the office or on the street
Elon Musk says that working remotely is "pretending" to work and has issued an ultimatum to Tesla employees: either work at least 40 hours in person or leave the company. Another coin flip, another spin on Elon Musk's merry-go-round. The Tesla boss, who is also the CEO of SpaceX and who is...
Toyota shows the revamped Corolla for 2023
Toyota Corolla, one of the best-selling models of all time, will have a renewed design, new finishes and a new 10.5-inch multimedia screen, starting in 2023. The announcement was made by the company itself this Thursday. Inside, the highlight goes to the new 10.5-inch multimedia screen and to the...
EDM adds up to an average loss of $3 million per year
The vandalizing of electrical infrastructure of Electricidade de Moçambique (EDM) is costing the company more than three million dollars annually. To discourage the occurrence of such cases EDM is betting on community involvement in patrolling activities of the Transmission Posts (PT) electric current. On the other hand, EDM is counting on...
Payment of severance payments to workers of the former Post Office of Mozambique begins this month
The payment of compensation to 556 workers of the defunct company Correios de Moçambique starts this month, as part of its liquidation. A document from the Institute for the Management of State Holdings (IGEPE), quoted by Radio Mozambique, said that on Tuesday the pre-notices of termination of employment contract were distributed to workers nationwide.
Court orders sale of Tmcel property at public auction
The 13th Section of the Judicial Court of Maputo City on Tuesday (17), ordered the sale of five properties of the telecommunications company Mozambique Telecom (Tmcel) due to a debt of the company with the car rental company Moçambique Car Rent. The communications company could lose three properties in the city of Inhambane, one in...
Autogas is far from amortizing the CNG investment
Over three thousand vehicles run on Natural Gas Vehicles (NGV) in Mozambique, a figure that falls far short of what is desirable to amortize the investments made by Autogás. A company dedicated to the distribution and sale of natural gas for vehicles, Autogás claims to have invested several million meticais, mainly in the installation of seven gas stations...
Government promises to streamline creation of "Local Content" law to help SMEs
The government is working to create a legal framework that will oblige the different multinationals operating in the country to invest in Mozambican companies in their chain of production and supply of goods and services. According to Domingo newspaper, the information was advanced this Wednesday in Maputo by the deputy minister of economy and finance,...