The supervisory body for Mozambique's public finances is demanding debt relief of around US$2.2 billion, contracted with Credit Suisse. The amount is ten times what the bank is willing to pay. According to the Budget Monitoring Forum (FMO) there are enough factors for the...
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October 22, 2021October 22, 2021Latest, World, Business, Technology & Innovation
More Africans are investing in innovation businesses, says UNESCO
A recently published study by the UN Educational, Scientific, Technological and Cultural Organization (UNESCO) says that one in four African entrepreneurs have created innovative businesses. The research involved 10 African countries, including Mozambique in an analysis that covered more than 400 women from the continent. In Mozambique the study cites the story of entrepreneur, Jéssica Manhiça who is founder...
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Self-employment: CMCM trains 48 thousand young people
About 48 thousand young people were trained by the Municipal Council of Maputo City (CMCM) in matters of self-employment, since the beginning of the mandate until the current moment. Eneas Comiche, president of the CMCM said that the municipal council has sought to respond to the problem of youth employment by mobilizing partnerships...
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PR launches Emprega project to reduce unemployment
The President of the Republic, Filipe Nyusi, said that the Government wants to lower the unemployment rate to 11% by 2035 from the current 17% on official records in 2020. Nyusi referred to the unemployment figures in Mozambique at the launch of the Emprega program, an initiative of the Secretariat of State for Youth and Employment (SEJE), an entity directly...
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Government launches EMPREGA program for young people
The President of the Republic, Filipe Nyusi, is in Maputo today, Thursday, to launch the EMPLOYMENT PROGRAM
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Mozambique registers a fuel price increase starting today
Oil product prices in Mozambique will rise between 7% to 22% starting Thursday, reflecting the rising price of a barrel of crude
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Nacala Logistics adopts electronic ticketing system for Passenger transportation
Nacala Logistics, manager of the railway lines in the north of the country, announced this Wednesday the introduction of electronic tickets for the passenger transport service on all sections operated by the company
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Foreign Direct Investment grew in the first semester
Global Foreign Direct Investment (FDI) flows in the first half of 2021 were $852 billion. The data are from the UN Conference on Trade and Development (Unctad) and are contained in a report presented this Tuesday in Geneva. For Unctad, the volume was stronger than expected and the increase...
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Sealing of nationally produced beer starts next month
The sealing of domestically produced beer will begin next month in the country. The sealing of beer marks the third phase of the implementation of the sealing process for manufactured tobacco and beverages, which began in 2017 in the country
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Elon Musk is (again) the richest man in the world
Tesla and SpaceX founder and CEO Elon Musk is once again the richest person in the world, overtaking again Amazon founder and Blue Origin CEO Jeff Bezos