The head of foreign affairs at the OECD considered Wednesday that the relationship between China and the African continent is unbalanced, with African countries losing advantages in the commercial and financial relationship with the Asian giant
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Standard Bank's suspension from the foreign exchange market is already hurting clients
Standard Bank's suspension from the foreign exchange market is already causing losses for private and corporate clients
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"Mozambique's participation at Expo 2020 Dubai should attract investments"
The Mozambican business sector considers that Mozambique's participation in EXPO 2020, to be held from October 01, 2021 to March 31, 2022 in Dubai, should attract more and more investments to the national territory as well as re-launch foreign trade
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July 14, 2021July 14, 2021Marketing & Advertising, Business
Coca-cola wants to make changes in its drinks
Coca-Cola announced on Tuesday that it is improving the recipe of the "zero" version in order to try to make it taste more like the regular version, and it is also considering changing the colors of the package
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Standard Bank Moçambique suspended from foreign exchange activity for a year
Standard Bank, one of the largest commercial banks operating in Mozambique, was suspended on Monday, 12, by the Bank of Mozambique from all foreign exchange and currency conversion activity for a period of up to one year, due to "serious prudential and foreign exchange violations"
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Mozambique records third consecutive month of price drops in June
Mozambique accentuated deflation (price reduction) in June compared to the previous month, from 0.31% to 0.52% announced on Friday the National Institute of Statistics
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July 9, 2021July 9, 2021Business
CTA says there are constraints on the competitiveness of national exports
The President of the Confederation of Mozambique Economic Associations (CTA), Agostinho Vuma, believes that the covid-19 pandemic cannot be seen as the only factor contributing to the decrease in the volume of national exports in 2020 (23% compared to 2019) and points to other structural factors that constrain the competitiveness of companies and need to be immediately tackled
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July 8, 2021July 8, 2021Business
Sotheby's auctions 101.38-carat diamond. Payment is in cryptocurrencies
Sotheby's will auction a 101.38-carat diamond this Friday in Hong Kong. In exchange, one of the world's largest auction houses accepts payments in Bitcoin or Ethereum
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July 7, 2021July 7, 2021Business
Mozambique Records Drop in Exports of 24% in the First Quarter
The National Statistics Institute (INE) revealed that in the first quarter of this year trade transactions between the country and the rest of the world had a reduction of 24% in the overall value of trade, reaching a total value of 2,171 million dollars in 2021 against about 2,803 million dollars in 2020
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July 6, 2021July 6, 2021Business
Growth in the country's private sector accelerated in June
Growth momentum in the private sector accelerated in June, according to Standard Bank's PMI indicator, which reflects private sector expectations about the economy