Standard Bank Mozambique announced that the Purchasing Manager's Index (PMI) in the country dropped 50 points in June to 52 points, down from 52.4 points in the May assessment. The drop in PMI was due to the slowdown in new orders from customers which reduced for the first time in...
The cooperation between Mozambique and Italy will continue to flow and with multiple advantages between the two countries. This is the assessment of the Minister of Foreign Affairs and Cooperation in an interview to Radio Mozambique, during the farewell ceremony that marked the end of the three-day state visit of the Italian President, Sergio Mattarella, to...
The inter-provincial passenger transport fare will be increased as of July 15 this year as a result of the high cost of fuel. According to the table provided by the Mozambican Federation of Road Transport Carriers Associations (FEMATRO), the trip from Maputo-Lichinga, for example, will cost 6000.00 Meticais, while from Maputo to Pemba one will pay 5500.00. The trip from...
The payment of subsidies to passenger carriers in Mozambique to alleviate the impact of fuel costs is dividing the opinion of operators. A group of transporters unhappy with the agreement considers that the subsidies will benefit only a restricted club integrated in the Mozambican Transporters Federation (FEMATRO). The president admits that who...
The Chinese automaker BYD surpassed Tesla in global sales of electric vehicles in the first half of this year, reaching 641,350 units, compared to 564,000 of the American manufacturer. According to a statement quoted by Notícias ao Minuto sent to the Hong Kong Stock Exchange, where it is listed, BYD...
The Ministry of Transport and Communications (MTC) will include both for the user subsidy as well as for compensation to formal and informal carriers, we learned from a source close to the process. The "Notícias Online" source assured, however, that the informal ones are to be formalized. "We are working in that direction, we need to bring the informal ones to...
The Government promised that there will be no increase in the semi-collective transport of passengers in the greater Maputo region, announcing also that it will continue to subsidize the "chapas" for a period of six more months. The news was given by the president of FEMATRO, Road Transport Federation of Mozambique, Castigo Nhamane, who assured the return of the "chapas" to the...
The National Director of Hydrocarbons and Fuels confirms that some fuel retailers have stopped supplying the market due to negative margins in sales. Speaking this Saturday on Radio Mozambique's Linha Directa program, Moisés Paulino said that the Government is aware of the situation, and that there is no reason for concern. The Director...
For the third time since the beginning of the year, fuel prices increased again in Mozambique. For an economist, new prices may indicate "economic interests" of individuals who influence the political power. The Energy Regulatory Authority (Arene) of Mozambique announced last Friday another increase in fuel prices that will take effect from this Saturday (02.07). With.
The insecurity that plagues the province of Cabo Delgado is seen by businessmen operating in the northern part of Mozambique as a hindrance to the development of the industrial, energy sectors, including hydrocarbons and tourism. The national economic agents that participated in the Energy and Industry Summit, held in Maputo last week, referred...