The Portuguese airline Transportadora Aérea de Portugal (TAP) has decided to take precautionary measures regarding the safety of its crew on flights between the Mozambican capital, Maputo, and Lisbon, Portugal, in view of the approaching date for the Constitutional Council (CC) to pronounce on the results of the...
Digital platforms, specifically international tourist service platforms, will be obliged to pay taxes on their transactions related to tourist resorts operating in the country. The initiative arises from the Mozambican state's observation that these companies specializing in travel bookings operate in the country, earn commissions, but these are not...
Inflation in Mozambique is expected to rise from 3.1% this year to 5.4% in 2025, according to the latest estimates by British consultancy Oxford Economics. This forecast is driven by factors such as climatic phenomena, namely El Niño, and the impacts of post-election violence. "Inflation is likely to face upward pressures in 2025 due to the adverse effects...
The Mozambican government has announced the creation of 94 multi-sector brigades to step up inspections of the trade in expired and/or damaged products, including price speculation and the use of pyrotechnics during the festive season in the country. According to a report in the newspaper Notícias, which quotes the spokesman for the National Inspectorate of Economic Activities...
The ministers of Home Affairs of Mozambique and of International Relations and Cooperation of South Africa have decided to keep the border open and to strengthen the security of the infrastructures that guarantee the flow of trade between the two countries, which is being affected by the protests that have been taking place in Mozambican cities since October 21....
The net profit of Empresa Hidroeléctrica de Cahora Bassa (HCB) between January and September 2024 amounted to 12,919.42 million Meticais, 29.1% and 13.4% higher than budgeted and recorded in the same period of 2023. As a result of this financial performance, according to the HCB press release sent to our newsroom, it is estimated that the net profit by...
The valuation of aerospace company SpaceX, of which Elon Musk is the founder and majority shareholder, has reached 350,000 million dollars, making it the most valuable private startup in the world. According to the Financial Times, SpaceX and its investors will buy ordinary shares in the company worth 1,025 million dollars from...
Banking activity in Mozambique, measured by total assets, stood at 961.68 billion meticais in June 2024, which represents annual growth of 8.38% compared to the same period in 2023, and 4.70% compared to the previous six months. According to the Bank of Mozambique's (BdM) financial stability bulletin, released yesterday...
The Mozambican banking sector remained profitable and stable, with adequate levels of capitalization and liquidity, and satisfactory profitability, during the first half of 2024. The information is contained in the Financial Stability Bulletin released yesterday by the Bank of Mozambique (BdM), which notes that during the period under review, the overall solvency ratio stood at 26.33%,...
The Ministry of Economy and Finance (MEF), through the Asset Management Office (GGA), is holding a public auction tomorrow and Tuesday in Maputo City of 49 vehicles, nine tractors, several leashes and other movable assets that have been seized in recent years and which have been discounted...