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,...
More than 20 Mozambican companies from various sectors, especially agriculture, industry, transport, logistics, labor recruitment, communication, commerce and services, are taking part in the Business Mission to Doha, Qatar, which has been taking place since Saturday (14). On this trip, which ends today (17), the Mozambican business community aims to attract new investments and strategic partnerships to boost relations...
The reference price for the sale of raw cashew nuts in the 2024-2025 marketing year has been set at 45 meticais per kilogram, compared to 35 meticais in the previous harvest. The decision was taken last Friday (13), in Maputo, during the first session of the Technical Council, a forum that brings together representatives...
Exports of beans and peas from Mozambique to India reached one million tons last year. The figures were released by the Ministry of Industry and Trade (MIC), noting that the Indian market is the largest destination for Mozambican products, to which exports of soybeans, cashew nuts and copra are also growing. In a...
The state-owned company Electricidade de Moçambique (EDM) has acquired 70% of the shareholdings of the shareholders of the current concessionaire of the Mphanda Nkuwa hydroelectric plant, a project being designed and with a projected capacity to produce 1500 MW, on the Zambezi River, in the central province of Tete. The decision was announced by the spokesman for the Council of Ministers, Filimão...
Italian petrochemical company Eni SpA posted a profit of 1.52 billion euros in the second quarter of 2024, beating expectations due to strong performance in its oil and gas exploration business. The floating natural gas platform, Coral Sul FLNG, anchored in the deep waters of the Rovuma basin in Cape...
The city of Beira, capital of Sofala province, central Mozambique, has had the international technological mobility service of the Yango platform since Tuesday (10). This is the first venture of this international digital cab company to operate in Africa, following its consolidation a year and a half ago in the country's capital, mainly...
The SACOM consortium is to receive 3.1 billion meticais from the Ministry of Mineral Resources and Energy (MIREME) for fuel quality control services in the distribution chain and at filling stations. According to the weekly Canal de Moçambique, the beneficiary of the contract, SACOM/"Authentix", is made up of the Americans from Authentix and some Mozambican lobbyists. The...
The company Rede Viária de Moçambique (REVIMO), responsible for the construction, conservation and operation of several national roads, has reached 1.2 billion meticais in tax obligations paid to the government over the last five years. The information is contained in a recent presentation on the performance of REVIMO's activities since its establishment in 2020, cited...
This Tuesday (10), Caminhos de Ferro de Moçambique (CFM) dispatched its first fuel train to neighboring Malawi, via the Dona Ana-Vila Nova da Fronteira branch, in the central province of Tete. "The train left the Port of Beira with 48 tank trainers (24 platforms), and its final destination was the city of Marka,...