Standard Bank's suspension from the foreign exchange market is already causing losses for private and corporate clients
Category: Companies
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"LAM incidents are not caused by lack of aircraft maintenance"
The airline Linhas Aéreas de Moçambique (LAM) has registered, in the last six months, at least three incidents with its aircraft, one of which was related to a glass delamination in mid-flight
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Tmcel amortizes 200 million in debt to maintain interconnection
Tmcel, the country's state-owned telecommunications operator, must "immediately" pay 200 million meticais to Vodacom, the market leader, to maintain the interconnection between the two, they announced in a statement
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LAM debt remains unsustainable and reaches 230 million dollars
The company Linhas Aéreas de Moçambique (LAM) carries a debt burden estimated at $230 million with different suppliers
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CFM invests 18 billion meticais in infrastructure
The company Portos e Caminhos de Ferro de Moçambique (CFM) foresees investing this year, 18 billion Meticals in rail and port assets linked to the infrastructure, as well as in the increase of rolling stock
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Vodacom and TemCel deadlock over debt of 600 million
There is still no consensus on the debt between the mobile phone networks TmCel and Vodacom. After the last meeting between the parties to discuss the debt valued at 600 million meticais, TmCel committed to pay one third of the amount within 90 days
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Moza Bank voted best regional bank in Africa
Moza Banco was elected the best regional bank in Southern Africa for the second consecutive time, by African Banker magazine in a gala that rewards the best in the financial sector on the African continent every year
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Electricity of Mozambique moves forward with reform in the acquisition of goods and services
Electricidade de Moçambique (EDM) intends to make the process of acquisition of goods and services more efficient and transparent, through an ongoing project at the public company
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Tete will have Soy Oil refinery industry
The district of Angónia, in Tete province, will soon have a vegetable oil refinery industry with a capacity of 50 thousand liters per year
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Mozambique reopens 95% companies during the pandemic
In Mozambique the covid-19 pandemic has led some 2,250 firms to close in 2020. Now, the Minister of Labor and Social Security, Margarida Talapa, has reported that 95% of those firms have already resumed work