A consortium of investors led by Elon Musk has submitted an offer to buy OpenAI - the company that created ChatGPT - for 97.4 billion dollars, the Wall Street Journal reported on Monday. The offer, according to the same publication quoted by Negócios, was submitted to OpenAI's board of directors by Marc...
The Mozambican government believes that the sale of shares in Mozambique Airlines (LAM) to the state business sector was the best way for the government to inject funds into the company. According to the government spokesman, Inocêncio Impissa, who is also the Minister for State Administration and the Civil Service, who was speaking...
The Korea Trade-Investment Promotion Agency (KOTRA), the commercial section of the Embassy of the Republic of Korea responsible for promoting trade and investment between South Korea and Mozambique, is promoting the participation of Mozambican companies in the 2025 KSCI - KOREA CONSUMER GOODS AND SERVICE INNOVATIVE FAIR. This initiative aims to create opportunities...
The private sector is going to support the government in modernizing the customs system, with the aim of speeding up trade, reducing bureaucratic barriers and bringing the country into line with the best international practices, making it more competitive and attractive to domestic and foreign investors. The initiative, according to the Project's Operations Manager, Ascensão Machel, will be implemented by...
South African supermarket chain Shoprite has announced the permanent closure of its Macia store in Gaza province. The decision comes after the Macia supermarket was looted and vandalized in December due to post-election demonstrations. According to a report in the newspaper Domingo, the announcement was made yesterday, Thursday, to the District Services...
The Bank of Mozambique (BM) announced this Thursday (06) that it had sanctioned nine credit institutions and financial companies with fines for violating prudential rules, preventing and combating money laundering and terrorist financing, foreign exchange and consumer protection of financial products and services. The sanctions, according to a...
The Goba line, which connects Mozambique and Essuatini, has reopened to trains, after the interruption recorded on Tuesday (04) as a result of an accident involving a truck and a freight train bound for the Port of Maputo, at the Beluluane level crossing. The accident took place at around...
Merec Industries, a company that produces corn and wheat flour, pasta, cookies and animal feed in Mozambique, has been acquired by Invictus Investment, an agri-food company focused on the Middle East and Africa. According to a World Grain publication this Tuesday, the operation was carried out through the purchase of Stratton Africa Holdings Ltd, a...
Last Friday (31), Mozambique Airlines (LAM) went ahead with a procedure to try to contract the supply of Embraer ERJ190 and Boeing 737-700 aircraft. According to a publication in Carta de Moçambique, the tender was announced a few days after the return of a Boeing 737-300 cargo plane from Indonesia, which had been unavailable for a year....
The National Inspectorate of Economic Activities (INAE) closed 12 commercial establishments in the last quarter of 2024 for non-compliance with health and safety standards. The information is contained in the institution's balance sheet for last year, which details the main infringements detected during inspections carried out in various provinces of the country. According to the report cited by...