Mozambique becomes an exporter of refined sugar. At the global level the production reaches about 10 thousand tons per season. The information was given by the Minister of Agriculture and Rural Development, Celso Correia, during a visit to launch the next agricultural campaign in Sofala province, Búzi district. The minister also said that...
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Economic Climate Indicator declines in the third quarter of 2021
The latest publication from the National Statistics Institute (INE) reveals a fall in the Economic Climate Indicator for the third consecutive quarter. According to data from INE, in sectorial terms, the unfavorable economic environment in the third quarter of 2021 stemmed from the negative assessment of agents in the industrial production and manufacturing sectors...
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Government seeks partners to increase fish production in captivity
Cabo Delgado Government seeks partners to increase fish production in captivity
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Port of Beira reactivates bulk copper cargo in face of global container crisis
The port of Beira, one of the busiest in the country, has introduced bulk shipment of copper exported from southern Africa as an alternative to the current crisis in container transport
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Hyundai invests USD 1.1M in the construction of two cell plants
The Korean giant has just announced an investment of about 1.1 million dollars to build two factories in South Korea. An investment that will allow to quadruple to 100 thousand units the production of cells per year. This is a real trend and world domination when it comes to the production of cells...
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Government bans shrimp and mangrove crab fishing
The Ministry of Sea, Inland Waters and Fisheries (MIMAIP) announced, this Thursday, the beginning of the ban of fishing for surface shrimp and mangrove crab, from next November 1st to March 31st 2022
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Crab catch drops by 28 percent between January and September
The crab production in the country decreased by 28.3% o between January and September 2021, compared to last year. The information was advanced this Thursday by the National Fisheries Administration, which announced the ban on shrimp and crab catch from November 1 to March 31, 2022
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Economic Climate Indicator prolongs drop in the third quarter
The Economic Climate Indicator (ECI), which measures business confidence, fell again in the third quarter, with an average score of 81.3 points - down 3.1 points from the previous quarter
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Islamic and Arab banks will inject more money in Africa
The world is implementing various strategies to recover from the delays caused by the pandemic. In this regard, the Islamic Development Bank (IDB) and the Arab Bank for Economic Development in Africa (BADEA) have signed an agreement to renew their partnership with development institutions in Africa. "The partnership will make it possible to create financing programs...
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Government and bakers sign memorandum to avoid bread price hikes
The Government and the Mozambican Association of Bakers (Amopão) signed on Tuesday a memorandum of understanding, aimed at the supply of firewood to avoid a rise in the price of bread, due to a shortage of fuel for the ovens