The Exim Bank of the United States of America will disburse five billion dollars in financing to the French multinational TotalEnergies for the development of the Liquefied Natural Gas (LNG) exploration project in Area 4 of the Rovuma Basin, in the province of Cabo Delgado. The TotalEnergies project has been suspended "Force Majeure" since...
Mozambique wants to increase exports of macadamia nuts, an emerging crop with high commercial value on the Chinese market. To this end, the national authorities have established a protocol with the People's Republic of China, valid for three years and renewable, with the aim of facilitating the entry of this product into that Asian country, free of customs duties. According to...
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...