Sales of goods by the Mozambican economy to the rest of the world earned the country 636.1 million dollars in March this year, an increase of 37.9 million dollars compared to the previous month. The figures are contained in the Monthly Summary of Statistical Information released a few days ago by the Bank of Mozambique (BdM) and...
The governments of Mozambique, Botswana and Zimbabwe signed three agreements yesterday, Friday (12), in Techobanine, Matutuíne district, Maputo province, to enable the construction of the Techobanine deep-water port. These include a letter of request for funding from the African Development Bank (AfDB), a freight transport agreement between the three...
Angolan businesswoman Isabel dos Santos is no longer a shareholder in a bank in Portugal. The sale of her shareholding in EuroBic to Abanca took place yesterday, Thursday (11), more than four years after the Bank of Portugal decided to sell it. According to a report in the Portuguese newspaper Expresso, the bank will act...
The Cahora-Bassa Hydroelectric Plant (HCB) has reduced its energy production capacity by around 50 megawatts due to the effects of the El Niño phenomenon in the region. The information was revealed yesterday, Thursday (11), by the Chairman of the Board of Directors of HCB, Tomás Matola, during the visit made by the President of the Republic of Botswana to...
The President of the Republic, Filipe Nyusi, is taking part today, Friday (12), in the district of Matutuíne, Maputo province, in the Tripartite Summit between Mozambique, Botswana and Zimbabwe, on rail-port projects. The aim of the summit is to analyze cooperation mechanisms for the implementation of the "Ponta Techobanine Project", to be developed in the three countries, which consists of the construction...
Last Monday (08), the Mozambican Tax Authority (AT) seized an ore transport truck on the National Road (N4) containing 1,181 cases of smuggled alcoholic beverages. A note from the AT states that the seizure of this merchandise, valued at more than one million meticais, comes days after the institution's operational lines...
Today, the government appointed Helena Maria Lopes Fernandes Tomás to the post of Chairman of the Board of Directors (PCA) of the National Communications Institute (INCM), replacing Tuaha Mote, who has since been dismissed. The information was announced today, Tuesday (09), by the spokesperson for the Council of Ministers, Filimão Suaze, after the 20th ordinary session. On the occasion, Filimão...
The Mozambican government is in talks with the Zimbabwean authorities about extending the Machipanda railway line to Botswana. The line currently connects Zimbabwe to the port of Beira. The project, a tripartite initiative involving Mozambique, Botswana and Zimbabwe, includes the construction of a deep-water port, linking the...
The Bank of Mozambique (BdM) has clarified that non-resident citizens do not need to request prior authorization from the central bank to make investments of up to one million dollars. According to the document issued by the BdM, "since the provisions of Law No. 11/2009, of March 11, repealed by Law No. 28/2022,...
The Mozambican government, through the National Institute of Cotton and Oilseeds of Mozambique (IAOM), an institution under the Ministry of Agriculture and Rural Development, announced a few days ago the launch of a public tender to select companies to promote and market sesame in the country. The tender is aimed at finding...