The Italian government will provide 23.5 million dollars to support a program to encourage youth entrepreneurship in Mozambique, called IN4JOB. The support was announced last week during a meeting between the Italian ambassador to Mozambique, Gabriele Annis, and the Minister of Youth and Sport, Caifadine Manasse. According to a statement from the Embassy of...
A delegation of businesspeople from India, from various branches of activity, expressed their interest in exploring more business opportunities in the pharmaceutical industry, energy, mining, agribusiness and others. According to the High Commissioner of India in Mozambique, Robert Sheki Shetkintong, the sharing of experiences between business sectors in India and Mozambique reaffirms the...
Severe tropical storm Jude, which hit Nampula province a few days ago, destroyed more than 50 boats, a situation that could have a negative impact on this year's fishing production targets. Of this number of boats, some were totally destroyed, others partially destroyed and dragged away, and have not been recovered so far. To...
The Confederation of Economic Associations of Mozambique (CTA), the largest private entity in the country, warned this Monday that the high tax burden has contributed to the "zero profitability" of companies, calling on the government to restrain the introduction of new taxes. According to the association's president, Agostinho Vuma, who was speaking in Maputo during the ceremony to celebrate the...
Hidroeléctrica de Cahora Bassa (HCB) was honored on Monday (24) by the Mozambican Tax Authority as the top-ranked company in the "Income Tax" and "Global Contribution" categories. The recognition highlights the company's record payments to the public purse, reinforcing its strategic role in national development. In the last three years (2022 to 2024),...
The Confederation of Economic Associations (CTA), the largest employers' organization in the country, is asking for a five-year exemption from Value Added Tax (VAT) in the cooking oil value chain in Mozambique to allow the incorporation of local production factors in 30%. According to the Mozambican business community, the measure could boost the production of...
The tourism sector in Mozambique continued to grow despite the political and social turmoil in the last quarter of 2024, with 208 new establishments opening last year. According to a publication in the magazine "Volta ao Mundo", which cites government data, among the establishments inaugurated were 68...
Mozambique will work with the Namibian authorities to exchange experiences regarding legislation in the extractive industry sector, including the construction of infrastructure and access roads, agriculture and others. This was announced by the Mozambican statesman, Daniel Chapo, at a press conference held last Friday (21) in the Namibian capital, Windhoek,...
Mozambique imports around 34,265 tons of used clothing every year, according to data revealed in a study presented this Wednesday (19) in Maputo City, entitled "Current Situation of the Second Hand Clothing Market in Mozambique". According to researcher Brian Mangwiro, quoted by AIM, these figures are justified by the growing demand for...
The country expects to earn around 2 billion meticais (equivalent to 31 million dollars) from macadamia exports in the current agricultural season, which involves the provinces of Maputo and Niassa. According to the director of the Central Services for Almond Production and Development, Feliza Macome, Mozambique expects...