The partners that support education in Sofala province are threatening to stop funding the sector if the scenario of paralyzed works persists, said the local governor, Lourenço Bulha. Bulha acknowledged there are many paralyzed works - classrooms and administrative blocks - whose contractors have been paid. "We have stalled works. The partners are not a...
For the first time in history, the Norwegian Nobel Institute has approved the sale of the medal to raise funds The journalist and Director of the Russian newspaper Novaya Gazeta, Dmitry Muratov, has auctioned his 2021 Nobel Peace Prize medal for $103.5 million to support Ukrainian children. The auction took place in New York, and...
Some Automobile Operators of the Mozambican Federation of Road Transport Carriers Associations (FEMATRO) have suspended activities allegedly due to the unsustainability of the business resulting from high fuel costs. The president of FEMATRO, Castigo Nhamane, told MZNews that some operators are losing the ability to fuel the buses and are being forced to park the...
Lusitania Investment Capital LLC, a company based in the United States of America, has been negotiating with sugar producer Tongaat Hulett, listed on the Johannesburg Stock Exchange since January this year, about a possible acquisition of this group's operations in Mozambique. Lusitania Investment Capital has offered Tongaat Hulett up to R3.5...
Moscow anticipates crude oil production reductions of 9.3% this year and 9.8% in 2023 due to Brussels' partial embargo on Russian oil and petroleum products, it was announced today. Under new Russian government budget guidelines, Russia will produce 9.3% less this year (to 475.3 million tons) and less...
Gemfields has set a new ruby auction record by raising $95.6million at a dedicated event in Bangkok, the capital of Thailand, between May 30 and June 17, 2022. "Our first ruby auction in 2022 produced real results, setting a new revenue record for any Gemfields auction in...
An internal Amazon memo obtained by the Reco website indicates that the company expects to run out of potential workers for its warehouses starting in 2024, thus predicting a labor crisis for the foreseeable future. "If we continue business as usual, Amazon will exhaust the available pool of workers in the U.S. by 2024," the report, quoted...
Air transport demand in Europe is still 75% from 2019 levels and the main current challenge is delays and cancellations affecting parts of the European system, according to the international industry association (IATA). Given the contracting challenges facing the industry, "further disruption is inevitable as...
Amazon will begin to deliver orders to their customers using drones at the end of this year, in North American territory, writes the News to the Minute, citing BBC News. According to the publication the announcement was made at a time when the company is still awaiting final approval of the regulation necessary for such 'flights'...
The Ministry of Industry and Trade, Silvino Moreno said that it will carry out an inspection campaign to regulate the price of products on the market. According to the Ministry of Industry and Commerce, Silvino Moreno, who was speaking to the microphones of Radio Mozambique in Manica province, the campaign is a result of the verification that the economic agents are...