Portugal is training four Mozambicans in diamond business classification and transparency, as part of the African country's efforts to enter the market for this highly sought-after ore worldwide
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Port of Maputo to handle more than 18 million tons of cargo by 2020
The Port of Maputo handled a volume of over 18 million tons of cargo last year, compared to 21 million tons in 2019, a drop of 14.3%, which is due in part to the impact of Covid-19, as well as restrictive measures to curb the spread of the pandemic in Mozambique and countries in the southern region of Africa
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July 22, 2021July 22, 2021Business
Inhambane seeks strategies to increase aquaculture
The Inhambane provincial government will implement a package of additional measures aimed at raising the level of production and productivity, in the aquaculture branch, which last year recorded a drop of about 100%, compared to 2019
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Afreximbank raises $8 billion to boost free trade in Africa
The African Export-Import Bank (Afreximbank) hopes to raise $8 billion to offset revenue losses some countries will face due to the free trade agreement on the continent
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Government seeks investors to make Mapai and Moamba-Major dams viable
The Government appreciated, this Tuesday, the stage of development of infrastructure projects for storage and management of water resources, namely, the dams of Mapai, Moamba-Major and Mpanda-Nkuwa
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July 21, 2021July 21, 2021Business
Standard Bank assures it has the solidity to continue in the national banking sector
Standard Bank Mozambique assured, this Monday, its clients and business partners that despite its suspension in the foreign exchange market, the remaining services continue normally throughout its national banking network
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Isabel dos Santos will not receive "not one cent" for the nationalization of Efacec
Isabel dos Santos will not receive any compensation for her stake in Efacec, under the terms of the Law that governs nationalizations, since it is in negative territory
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Standard Bank's suspension from the foreign exchange market creates uncertainty for entrepreneurs
The Confederation of Mozambican Economic Associations - CTA considers that Standard Bank's suspension from the foreign exchange market is creating uncertainty in the business community, warning that 45% of the monthly import volume is done through that bank
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OECD: Africa is losing advantages in its relationship with China
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