The Business Strength Index Report, recently presented by the Confederation of Mozambican Economic Associations (CTA), indicates that, between Q1 and Q2 2021, the profit of the Mozambican business sector registered a slight improvement, from -753 MZN/Un to -619 MZN/Un, reflecting the timid recovery in revenue volume by 3.1%, from 12.471 MZN/Un to 12.862 MZN/Un, associated with the reduction in production costs by about 0.44%, from 13.360 MZN/Un to 13.301 MZN/Un
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Mozambique creates management unit for Kimberley process, precious metals and gems
The Council of Ministers approved, this Tuesday, the revision of the decree, which creates the Kimberley Process Management Unit, Precious Metals and Gems
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Mozambique on the "right track" to sell certified diamonds on the international market
The Council of Ministers announced this Tuesday that the country is on the "right track" in complying with the international procedures required for the sale of certified diamonds, under the so-called Kimberley Process
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"Military victory marks an important step toward resuming development"
The Minister of Mineral Resources and Energy considered this Monday the advances against armed groups in Cabo Delgado province "a very important step" for the resumption of natural gas projects and the development of the region
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Private sector activity continued to increase in July
Economic conditions in Mozambique continued to improve last July, according to the latest data from the Purchasing Managers' Index™ (PMI) survey, conducted monthly by Standard Bank
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Private Sector Expects Progress on Vaccination for Relief from Restrictive Measures
The Confederation of Mozambican Business Associations (CTA) is expectant with the Government's announcement of the acquisition of 11 million doses of vaccines against Covid-19, a fact that may accelerate the immunization rate and dictate relief from restrictive measures in place, including in the business sector
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Alcoholic beverage prices may rise due to introduction of control seal
Producers and importers of alcoholic beverages warn of rising beer prices in Mozambique because of the introduction of control seal, which had been postponed in 2017
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Government demands more incentive for exports of national production
For this purpose, the Investment and Export Promotion Agency, APIEX, should make available information on investments, business and foreign trade
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Government provides 1.9 million dollars to make aquaculture projects viable
About 1.9 million dollars, corresponding to more than 130 million meticais is the amount to be disbursed this year for the viability of sustainable aquaculture projects in the country
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Business robustness improves slightly in the second quarter
Business activity experienced a timid recovery in the second quarter of this year as a result of relief from the Covid-19 spread containment measures, along with the start of agricultural marketing and the beginning of exports of agricultural commodities and fish products