Electricidade de Moçambique (EDM) has announced a partnership with Africa50 to develop new solar power plants in Cabo Delgado and Nampula. The projects include solar parks and a floating solar plant on the Chicamba dam. In a statement, quoted by DW, EDM said it had signed a memorandum of understanding with Africa50 for the "development of...
Moza Banco recently took part in the First Edition of the Mozambique-European Union Investment Forum, Global Gateway, a conference that discussed investment opportunities for the country, especially in terms of channeling foreign capital for Mozambique's development. Represented by the head of Institutional and Protocols, Octávio Mutemba, the Bank discussed the...
Professionalizing, modernizing and capitalizing microfinance institutions are indispensable activities for creating a more inclusive financial system? - said economist António Souto, who was re-elected on November 30 at the General Assembly of the Mozambican Association of Microfinance Operators (AMOMIF) for another term at the head of this socio-economic organization. The report...
The Mozambican state lost more than 43 million meticais this year due to the smuggling of poultry products across the borders of Maputo province. According to the deputy of the Maputo province Tax Authority (AT), Maria Machicoa, who did not indicate the quantity of products smuggled and seized by Customs, said that currently,...
The National Fund for Sustainable Development (FNDS) will make 15 million dollars available to finance small and medium-sized companies operating in the agribusiness sector. The amount, which varies between 6 and 63 million meticais, is specifically aimed at those operating in the field of seed production and processing and cashew agro-processing. José...
Ford has announced that the Ford Ranger 2024 model has broken a pre-sale record by selling 400 vehicles in four hours, according to the Brazilian press. In around 30 minutes, 250 vehicles were ordered. The first 200 pickup trucks should reach their owners in February 2024. The second batch should be completed by...
The Confederation of Economic Associations of Mozambique (CTA) estimates the annual cost of implementing the Conformity Assessment Program (PAC) in the private sector at more than 400 million US dollars. The impact of the measure is seen as negative, since according to businesspeople the PAC will cause, among other things, an increase in...
A group of seven well-positioned citizens are demanding compensation from Grafex Limitada, a subsidiary of Triton Minerals, for giving away graphite-rich land in the Ancuabe district of Cabo Delgado province. According to the newspaper Evidências, these individuals obtained the Land Use Rights in 2015 after finding out...
The UK's development bank, British International Investment, is willing to consider financing energy projects in Africa that run on natural gas, if they increase access to electricity on the continent, according to officials. As the world prepares for the next round of United Nations climate negotiations, which begin...
The growth in demand for maize for beer production is affecting household food reserves in some districts of Nampula province, in the north of the country. Despite official figures indicating that the province has been seeing an increase in production levels of this cereal, the growth in demand from the brewing industry has...