The government plans to double the amount of cargo handled at national ports from 41 to 81 million tons in four years. The information was presented by the Minister of Transport and Communications at the close of the 39˚ Sector Coordinating Council
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Maputo hosts bilateral summit between Portugal and Mozambique on November 04 and 05
The Minister of Foreign Affairs and Cooperation announced Friday in Lisbon that Maputo will host a bilateral summit between Mozambique and Portugal on November 4th and 5th
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October 5, 2021October 6, 2021Business
Government Probes Investors for Financing Mphanda Nkuwa
The Government held last Wednesday, September 29, a virtual conference to the international market with potential strategic and financial investors, for the development of MKN and associated energy transportation infrastructure
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Nacala Logistcs increases cargo transport capacity to Malawi
Nacala Logistics, the concessionaire and operator of the Nacala Development Corridor, has increased its capacity to import products from the port of Nacala to the city of Blantyre, in Malawi, by introducing nine new locomotives
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Mozambique Airlines traffic grows 58% in August compared to 2020
Mozambique Airlines (LAM) traffic increased by 58% in the month of August compared to 2020, the company announced this Tuesday
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Government plans to commercialize 160,000 tons of Brazil nuts
The Mozambican government projects to market about 160,000 tons of cashew nuts in the 2021/2022 season, which starts soon. The figure represents a growth of 12% compared to the previous campaign. The information was shared in Maputo, by the Vice-Minister of Agriculture and Rural Development, Olegário Banze, during the almond session. The official referred that in the...
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HOLLARD will have ICE customers
Hollard Seguros, a subsidiary of insurance group Hollard, will acquire the customer portfolio of ICE Seguros, S.A. According to the statement, the move is still subject to approval from the Regulatory Authority and the Insurance Supervision Institute of Mozambique. In practice, ICE Seguros will transfer its business to Hollard Seguros....
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"Fuel prices may rise in the country," warns IMOPETRO
The price of fuel may worsen in the coming days, due to the growing trend of the product's costs in the international market. According to the Mozambican Oil Importer - IMOPETRO, quoted by "O País", by the end of September, the price of crude oil abroad, which is currently around 76 dollars a barrel, may reach 80 dollars
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Government approves new cashew nut price for next marketing year
One kilo of raw cashew nuts will cost 43 meticais in the next marketing year 2021-2022. The reference price was, On Friday, approved by the Almond Committee, after consultations with actors in the value chain
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Bank of Mozambique maintains single-digit inflation forecast and relative economic recovery
The Bank of Mozambique's report on the economic situation and inflation prospects, published on September 17, indicates that inflation projections for the medium term remain in single digits, thus foreseeing a relative recovery of the national economy, influenced by measures to counter the effects of covid-19