Last week, during the 79th United Nations (UN) General Assembly in New York, the United Bank for Africa (UBA) presented sustainable solutions for the development of African economies, noting that the institution has been one of the main drivers of leverage in Africa. At a meeting where he was represented at the highest level by...
The Arbitral Tribunal of the International Court of Arbitration (ICC), based in Paris, France, has handed down its verdict in the arbitration case brought by the Mozambican state against the Indian giant Patel Engineering. Represented by the Mozambican Attorney General's Office (PGR), the state brought the case to counter another action it had...
The governments of Mozambique and Malawi recently concluded the consultation process under the Simplified Trade Regime (STR) Agreement, covering the borders of Zóbuè, Calómue, Mandimba and Melosa, with a view to facilitating cross-border trade and transportation between the two countries. In a publication in the newspaper Notícias, the director of Foreign Trade in...
The Municipal Council of Marracuene, in Maputo province, has ordered the calibration of fuel pumps to avoid anomalies in sales to consumers. According to a publication by Rádio Moçambique, a team made up of technicians from the municipality and the National Institute for Standardization and Quality identified some imbalances at three petrol stations in the municipal town....
Indonesian petrochemical company BUZI Hydrocarbonet, which is currently exploring for hydrocarbons in the Búzi block in Sofala province, central Mozambique, is interested in expanding its natural gas exploration and exploitation operations. In a publication in the newspaper Notícias, Rudêncio Morais, director of Research and Production at Empresa Nacional de Hidrocarbonetos (ENH, EP), revealed...
Mobile operator Vodacom Mozambique has become the first telecommunications company to obtain ISO 50001 certification for energy management. ISO 50001 is an official, globally-recognized certification awarded to organizations that demonstrate world-class energy management, helping them to reduce consumption by developing a...
Fly Modern Ark (FMA), the consultancy hired by the government to recover Mozambique Airlines (LAM), ended its management agreement with the national flag carrier yesterday (Thursday 19). The information was provided to MZNews by an internal source at the airline, signaling the end of an era marked by accusations of...
The Ministry of Economy and Finance (MEF), through the Asset Management Office (GGA), has announced the auction of the first assets by the judicial authorities, as part of the fight against crime, for October 3. The information is contained in a notice published yesterday, Thursday (19) by the MEF and quoted by Carta de Moçambique, stressing that the...
The Cahora Bassa Hydroelectric Company (HCB), located in the province of Tete, central Mozambique, announced today, Thursday (19), that it is implementing management measures to deal with the effects of the continuing severe drought, influenced by the occurrence of the El Niño phenomenon in southern Africa. In a statement released today and seen by MZNews, the...
US multinational Tupperware has begun bankruptcy proceedings, dragged down by falling sales, and will seek court approval to continue operating and facilitate a sale process to protect the brand. The bankruptcy filing in the Delaware Bankruptcy Court comes after months of proceedings. Tupperware Brands,...