Absa Bank Mozambique signed a Memorandum of Understanding (MoU) with the Instituto Superior de Transportes e Comunicações (ISUTC - TRANSCOM) yesterday (Wednesday 16), aimed at supporting the inclusion of women in technological areas, as well as reinforcing its commitment to gender equality. An Absa press release states that the initiative comes as part of...
The ETG Group is demanding, in an arbitration court, that the Mozambican state pay more than 120 million dollars in damages for the judicial seizure of the firm's assets, in a dispute involving the export of bóer beans. According to a report in the Savana newspaper, the business conglomerate, in a statement released on Wednesday (16), accused the Mozambican state...
TotalEnergies will support the construction of an LNG terminal in Mozambique to increase natural gas imports. French oil company TotalEnergies hopes to approve the construction of a liquefied natural gas import terminal in Mozambique by 2025 to help consumers in neighboring South Africa avoid a potential supply crisis. The first...
Twenty Mozambican companies will take part in the 29th edition of the Macau International Trade Fair (29th MIF) from October 16 to 19, 2024, at "The Venetian Macao Cotai Expo" in China. According to a report in the newspaper Domingo, the Mozambican participation aims to promote business opportunities by showcasing the country's economic potential and...
The National Communications Institute of Mozambique (INCM), the country's sector regulator, formally handed over the Universal Postal Operator (SPU) license to Correios Expresso de Moçambique (CORRE) on Monday, after the government decided to do so last May. "The delivery of this license stems from the need to supply the...
Passenger and freight trains have resumed running on the Limpopo line (Marracuene/Manhiça), which had been suspended since the 8th of this month for operational reasons. The information was provided by the company Portos e Caminhos de Ferro de Moçambique (CFM), through the Southern Executive Directorate. According to CFM, the...
The lack of foreign currency on the Mozambican market is already being felt in some sectors, such as transport. In this case, two petrol stations have already spoken out about the difficulties and warned of a possible scenario of fuel shortages and price rises. The petrol stations say that the lack of foreign currency in commercial banks...
Last week, US oil company ExxonMobil announced an agreement with Chart Industries to supply IPSMR liquefaction technology for the Rovuma LNG project, in the Rovuma basin in northern Mozambique, the Gas World portal announced. This is a technology that provides significantly better efficiency and performance compared to...
Mozambique Telecom (Tmcel) and Ericsson have recently signed a partnership agreement under which the flagship operator will start using Ericsson Charging and Ericsson Mediation software to modernize its Business and Operations Support Systems (BSS/OSS), as well as Ericsson Dynamic Activation to reinforce...
The Kenmare mining company, located in the district of Moma, Nampula province, is preparing a project to build a tailings retention dam, transfer channel and road detour for the Nataka heavy sands deposit. According to a report in the newspaper Notícias, the company is going to carry out the fourth...