The Mozambican Chamber of Commerce (CCM) announced this Wednesday (26), in Maputo, that by decision of the general assembly of this organization, it was decided to support the candidacy of Álvaro Massingue for the presidency of the Confederation of Economic Associations of Mozambique (CTA), currently led by Agostinho Vuma. This is the second time that Álvaro Massingue has run for the leadership...
The Bank of Mozambique (BdM), through its Monetary Policy Committee (CPMO), decided this Wednesday (26) to reduce the monetary policy interest rate, MIMO rate, from 12.25% to 11.75%. The measure, according to the BoM, stems essentially from the maintenance of a single-digit inflation outlook in the medium term, despite the increase in uncertainties...
The government, through the Council of Ministers, has decided to delegate the management of humanitarian aid in Mozambique to the Ministry of Planning and Development. According to the spokesperson for the Council of Ministers, Inocêncio Impissa, who was speaking after the end of an ordinary session, which this time took place in Lichinga, Niassa province, the decision is aimed at guaranteeing a...
The Italian government will provide 23.5 million dollars to support a program to encourage youth entrepreneurship in Mozambique, called IN4JOB. The support was announced last week during a meeting between the Italian ambassador to Mozambique, Gabriele Annis, and the Minister of Youth and Sport, Caifadine Manasse. According to a statement from the Embassy of...
A delegation of businesspeople from India, from various branches of activity, expressed their interest in exploring more business opportunities in the pharmaceutical industry, energy, mining, agribusiness and others. According to the High Commissioner of India in Mozambique, Robert Sheki Shetkintong, the sharing of experiences between business sectors in India and Mozambique reaffirms the...
Severe tropical storm Jude, which hit Nampula province a few days ago, destroyed more than 50 boats, a situation that could have a negative impact on this year's fishing production targets. Of this number of boats, some were totally destroyed, others partially destroyed and dragged away, and have not been recovered so far. To...
Montepuez Ruby Mining (MRM) warns of the increased dangers of illegal mining, following an incident on March 18 at its concession in Namanhumbir, Cabo Delgado province, which resulted in the gunshot wounding of an illegal miner during a confrontation with a patrol from the Armed Forces for the Defense of...
Last year, the country received more than 400 non-conformity reports regarding the inspection of products to be exported to Mozambique, carried out in the countries of origin to check the required quality standards. The information was provided by the director of the Testing and Inspection Division at the National Institute for Standardization and Quality (INNOQ), Guilhermina...
The Confederation of Economic Associations of Mozambique (CTA), the largest private entity in the country, warned this Monday that the high tax burden has contributed to the "zero profitability" of companies, calling on the government to restrain the introduction of new taxes. According to the association's president, Agostinho Vuma, who was speaking in Maputo during the ceremony to celebrate the...
Hidroeléctrica de Cahora Bassa (HCB) was honored on Monday (24) by the Mozambican Tax Authority as the top-ranked company in the "Income Tax" and "Global Contribution" categories. The recognition highlights the company's record payments to the public purse, reinforcing its strategic role in national development. In the last three years (2022 to 2024),...