The growing political instability in the country has made it difficult for companies affected by the recent wave of violence and looting to recover, leaving some entrepreneurs without a clear strategy for resuming their activities. According to a report in the newspaper "O País", the scenario of uncertainty jeopardizes investments, puts jobs at risk and leaves strategic sectors of the economy in a...
South African petrochemical company Sasol, which exploits natural gas in the province of Inhambane, is operating normally, after the stoppage caused by the demonstrations that have been taking place since last October. According to a report in the newspaper Notícias, which quotes the Minister of Industry and Commerce, Silvino Moreno, the problem that culminated in the...
Montepuez Rubi Mining (MRM), which operates the largest ruby mine in Mozambique, has announced that it plans to resume production by today (the end of the year), which has been interrupted since December 24 due to the post-election conflicts. At the time, more than 200 people tried to invade the MRM village, destroying and setting fire to various structures, and as a result,...
The Minister of Industry and Trade, Silvino Moreno, assured this Monday (30) that work is being done between the government and companies to guarantee food supplies in the country. This assurance was given after a meeting with some companies from the South African Business Chamber -...
The Mozambican state collected around 12 million dollars in taxes from the latest ruby auction held by Montepuez Ruby Mining in Thailand, the proceeds of which amounted to 46.2 million dollars. In fact, the revenues refer to 10% from the Mining Production Tax, equivalent to 4.6 million dollars, and 16% from the...
The violence in Mozambique has forced trade and travel to be diverted from the Lebombo border post in South Africa to the Mananga border post in Eswatini, with Mananga serving as a makeshift lifeline for those seeking passage from Mozambique. According to a VOA report, the...
There will be no fuel shortages for at least the next 23 days in the country, guarantees the Mozambican Association of Oil Companies (AMEPETROL). In a statement to which MZNews has had access, AMEPETROL says that "at the moment the country has stock for 23 days, so there is no risk of a fuel shortage, apart from the ships already scheduled to arrive in the...
The Portuguese airline Transportadora Aérea de Portugal (TAP) has decided to take precautionary measures regarding the safety of its crew on flights between the Mozambican capital, Maputo, and Lisbon, Portugal, in view of the approaching date for the Constitutional Council (CC) to pronounce on the results of the...
Digital platforms, specifically international tourist service platforms, will be obliged to pay taxes on their transactions related to tourist resorts operating in the country. The initiative arises from the Mozambican state's observation that these companies specializing in travel bookings operate in the country, earn commissions, but these are not...
Inflation in Mozambique is expected to rise from 3.1% this year to 5.4% in 2025, according to the latest estimates by British consultancy Oxford Economics. This forecast is driven by factors such as climatic phenomena, namely El Niño, and the impacts of post-election violence. "Inflation is likely to face upward pressures in 2025 due to the adverse effects...