Empresa Moçambicana de Seguros (EMOSE), said it was still evaluating the possible purchase of state shares in the company Linhas Aéreas de Moçambique (LAM), noting that only after this analysis will it decide whether to go ahead with the deal. The country's oldest insurance company is one of the three state-owned companies tipped to buy 91%...
Moçambique Dugongo Cimentos considers that an arbitrary reduction in the price of cement could affect normal production and supply in the market, stressing that the establishment of the cost is influenced by multiple factors, which cannot be explained and decided by a single piece of information or number. Located in Matutuine, Maputo province, the firm...
The Roads sector is carrying out a technical assessment of the state of metal bridges, many of which are under pressure from the excessive load of trucks that circulate along national and regional corridors. According to Rubina Noormohamed, director of the Central Services for Road Maintenance and Safety at the National Roads Administration (ANE), the excessive load...
Mozambique's exports to the European Union (EU) will reach 5.3 billion dollars, compared to 4.19 billion dollars in imports between 2020 and 2024. The information was released this Monday (17) in Maputo by the Minister of Economy, Basílio Muhate, who pointed out that the EU assumes...
Mozambican businessman, Félix Machado, is being tipped as the figure on the national business circuit who could take over the presidency of the Confederation of Economic Associations of Mozambique - CTA, currently under the direction of Agostinho Vuma. The election of the new CTA board should have taken place last year, but was postponed until the end of this quarter...
The President of the Republic, Daniel Chapo, said yesterday that his government could, in the next few days, announce measures to reduce the cost of living for Mozambicans. Among the reforms, the Executive may eliminate Value Added Tax (VAT) on basic necessities, "without which the population doesn't even spend a day...
Mozambique has secured significant relief on its debt to the Republic of Iraq, with the forgiveness of 80% of the total amount. The remaining 20% will be rescheduled for payment over 15 years, with a grace period of four years, covering the period from 2029 to 2043. According to an article published by the Ministry of...
The Industrial Association of Mozambique (AIMO) argues that megaprojects should boost the development of local industries and improve the lives of communities, as long as they operate in the country. The position was presented last Friday (14) at a meeting between AIMO and the Minister of Economy, during which the association asked for more access to funding....
The population of the Nhampassa region, in the Bárue district of Manica, has invaded a tourmaline mine in protest at the failure of mining company Sominha Limitada to comply with its social responsibility agreement. According to a report in the newspaper "O País", the complaint has been going on for almost three months, when the local community decided to invade the...
The president of the African Development Bank (AfDB), Akinwumi Adesina, assured this Saturday (15) that his institution is available to support the granting of a guarantee fund to enable Mozambique to access credit from the International Monetary Fund (IMF) and other financial institutions. The intention was expressed during a hearing that...