The company Electricidade de Moçambique (EDM) was yesterday, March 12, awarded the "Intra-African Trade Award" for being one of the Energy Sector Companies that stands out the most in facilitating trade in Africa. According to a press release from EDM, the award took place during the Africa Trade Conference...
Mozambique, Malawi and Zambia met in Lilongwe, the Malawian capital, to assess the progress of joint planning activities and share experiences for the development of the Nacala Corridor. This is a high-level meeting that ends next Friday (14), with the aim of improving the tripartite coordination mechanisms, with a view to reducing...
The African Development Bank (AfDB) and the World Bank (WB) will make almost 60 billion dollars available for investments in clean energy generation projects. The AfDB promises to release 18.2 billion dollars and the WB 40 billion dollars to advance the initiative. These substantial commitments are expected to...
On his first state visit to South Africa, the President of the Republic, Daniel Chapo, as well as holding a customary meeting with his counterpart, Cyrill Ramaphosa, met for an "intimate and informal dinner" with the main CEOs of the companies listed on the country's largest stock exchange, the Johannesburg Stock Exchange (JSE). At the center of the...
Companies affected by the violent demonstrations in Maputo province will be integrated into the Beluluane Industrial Park (PIB) free of charge until December of this year. The initiative, according to an AIM publication quoting Rádio Moçambique, is part of the project entitled "Industry for All", which is the result of a memorandum signed this Wednesday (05)...
Moza Banco's Director of Management Information, Camilo Amarcy, defends the need to take a contextualized look at the challenges faced by entrepreneurs in the country, as a way of ensuring greater assertiveness when drawing up strategies to support national Micro, Small and Medium-sized Enterprises (MSMEs). The positioning...
The European Union is supporting the INCUBOX-II program, an initiative launched last January and which aims to support the creation of 1,080 micro, small and medium-sized enterprises by young entrepreneurs in the provinces of Nampula, Cabo Delgado and Niassa. The information was provided by the program director of the Development Finance Company (GAPI), Rui Amaral, this...
The Mozambican private sector recovered in February after four consecutive months of contraction, reaching 50.9 points, compared to 47.5 in January, announced the Standard Bank Mozambique PMI Index released today, Wednesday (05). According to the document to which MZNews had access, this improvement in business conditions comes after...
The Nedbank Group strengthened its financial performance in the year ending December 31, 2024, with net income increasing 8% to R16.9 billion, according to figures released yesterday in Maputo by the financial institution. Diluted net earnings per share increased by 11% and return on equity...
The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have reduced the Prime Rate that will apply to credit institutions in March from 23.50% to 18.50, a drop of five percentage points. The information is contained in a document released this Monday (03) by the two institutions and to which...