The executive coordinator of the Office of Reforms and Structuring Projects, João Osvaldo Machatine, believes that the discussion on the problem involving the cost of tolls in the country has to be done in an integrated manner, placing the issue of the tariffs charged and the real income of the Mozambican population on the same line. According to...
INE: Average annual inflation in Mozambique rose in January to 4.69%
Twelve-month inflation in Mozambique rose in January this year to 4.69%, according to figures released on Tuesday (11) by the National Statistics Institute (INE). The increase in one-year inflation is explained by INE "fundamentally by the rise in food prices". This increase, according to INE, is the second...
Government considers subsidizing tolls for public transport operators
The Mozambican government intends to subsidize the payment of tolls for public passenger transport, as a way of reducing its costs following the vandalization of these infrastructures. The issue is the "tug-of-war" between transport operators and road concessionaires that has been going on since the announcement in January that the toll would be...
LAM's sale to SEE aggravates fiscal risk and jeopardizes transparency in public management
The government's sale of Mozambique Airlines (LAM) to the State Business Sector (SEE) could increase fiscal risk and contribute to an increase in the lack of transparency in the management of public affairs, according to the Center for Public Integrity (CIP). Government authorizes HCB, CFM and EMOSE to acquire 91% of state shares...
Mozambique falls one place and remains one of the most corrupt countries in the world
Mozambique has fallen one place compared to 2023 in the Corruption Perception Index, a global indicator that assesses how corrupt each country's public sector is. According to the perception of experts and businesspeople cited in the report for the past year, produced by Transparency International, Mozambique went from 145th to...
Musk made an offer of 97.4 billion to buy ChatGPT, but was denied
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...
Government discourages price cuts on basic products
The interim National Director of Commerce, Vera Godinho, yesterday discouraged the reduction of prices of basic products if such a measure is based on social pressure. "In relation to this issue of the tendency of the people to demand cost reductions, etc., ... we discourage these measures, the government discourages these measures," said the spokeswoman for the...
Government and private sector seek strategies for economic recovery after electoral crisis
The Mozambican government, through the Ministry of Economy and the Confederation of Economic Associations of Mozambique (CTA), the country's largest employers' organization, are working to join forces in defining structural measures to be implemented in the short, medium and long term by Small and Medium-sized Enterprises (SMEs) in order to recover...
Cooperation partners guarantee support for development projects in Mozambique
This Monday (10), a group of international institutions guaranteed Mozambique financial support for development projects. The commitment was made in Maputo by representatives of the International Monetary Fund (IMF), the World Bank, the African Development Bank (AfDB) and the United Nations (UN), during a courtesy meeting with the Minister of Foreign Affairs....
Hundreds of businesses unable to reopen due to vandalism
The Confederation of Economic Associations of Mozambique (CTA) said today in Maputo that hundreds of companies will not reopen their doors after being vandalized during the post-election demonstrations. "There are clearly many hundreds of companies that will never open again. Some for lack of capacity and others for lack of coins...