Through the Local Economic Development Fund (FDEL), the Mozambican government is granting one billion meticais to finance youth initiatives with the aim of reducing the cost of living. The amount was announced today (21) by the government spokesman, Inocêncio Impissa, at a press conference in Maputo, reiterating that the fund aims to boost entrepreneurship...
The Indian mining company Vulcan, which exploits coal in Moatize, in the province of Tete, central Mozambique, intends to invest one billion dollars over the next few years in the area of environmental sustainability, recycling of mining waste and its transformation, and renewable energies. The information was released last week after a meeting between...
The South African company Trans African Concession (TRAC) is not authorized to disclose the concession contract for National Road number 4 (EN4) with a Mozambican and South African state. In an interview with Rádio Moçambique today, TRAC's Director of Maintenance, Fenias Mazize, said that this was because there was an impediment clause. "In...
The Minister of Transport and Logistics, João Matlombe, said on Wednesday (19) that the Mozambican government is determined to ensure that the performance, efficiency and competitiveness of the Port of Beira, in Sofala, located in central Mozambique, is improved. Speaking during a visit to the port infrastructure, he explained that the congestion of trucks in the...
The government announced today a reduction in fuel prices, justifying the measure with the fall in purchase prices on the international market and the need to lower the high cost of living that has caused demonstrations in the country. With effect from tomorrow, Thursday (20), the Energy Regulatory Authority (ARENE), reiterates...
Businesspeople from Japan are interested in exploring new business opportunities in Mozambique, including the marketing of agricultural products and processed foods in the country. The information was provided this Monday (17) by the president of the Mozambique Chamber of Commerce (CCM), Álvaro Massingue, during a visit by Japanese businesspeople to Maputo, noting that the...
Mozambique Airlines announced today the suspension of flights between Maputo and Lisbon from tomorrow (19), a strategy aimed at consolidating the domestic and regional market. The decision was announced at a press conference, in which it was explained that the measure is in line with the 100-Day Plan of...
Empresa Moçambicana de Seguros (EMOSE), said it was still evaluating the possible purchase of state shares in the company Linhas Aéreas de Moçambique (LAM), noting that only after this analysis will it decide whether to go ahead with the deal. The country's oldest insurance company is one of the three state-owned companies tipped to buy 91%...
Moçambique Dugongo Cimentos considers that an arbitrary reduction in the price of cement could affect normal production and supply in the market, stressing that the establishment of the cost is influenced by multiple factors, which cannot be explained and decided by a single piece of information or number. Located in Matutuine, Maputo province, the firm...
Mozambique's exports to the European Union (EU) will reach 5.3 billion dollars, compared to 4.19 billion dollars in imports between 2020 and 2024. The information was released this Monday (17) in Maputo by the Minister of Economy, Basílio Muhate, who pointed out that the EU assumes...