Montepuez Rubi Mining (MRM), which operates the largest ruby mine in Mozambique, has announced that it plans to resume production by today (the end of the year), which has been interrupted since December 24 due to the post-election conflicts. At the time, more than 200 people tried to invade the MRM village, destroying and setting fire to various structures, and as a result,...
The clean energy sector will add 320 billion dollars to the world economy in terms of added value by 2023, which represents another 10% of global GDP growth. According to Allianz Trade, Europe and China have led the green transformation. However, while China's green investments continue to grow,...
The Minister of Industry and Trade, Silvino Moreno, assured this Monday (30) that work is being done between the government and companies to guarantee food supplies in the country. This assurance was given after a meeting with some companies from the South African Business Chamber -...
The Mozambican state collected around 12 million dollars in taxes from the latest ruby auction held by Montepuez Ruby Mining in Thailand, the proceeds of which amounted to 46.2 million dollars. In fact, the revenues refer to 10% from the Mining Production Tax, equivalent to 4.6 million dollars, and 16% from the...
The violence in Mozambique has forced trade and travel to be diverted from the Lebombo border post in South Africa to the Mananga border post in Eswatini, with Mananga serving as a makeshift lifeline for those seeking passage from Mozambique. According to a VOA report, the...
Construction work on the Temane Thermal Power Plant (CTT), in the southern province of Inhambane in Mozambique, has been delayed due to the impact of cyclones Freddy and Filipo, which meant that commissioning was scheduled for 2024. Cyclone Freddy occurred last year and Tropical Depression Filipo hit Inhambane province at the beginning of this year...
The Minister of Industry and Commerce, Silvino Moreno, announced yesterday (28) in Maputo that, although it is premature, the next government will have to irremediably find mechanisms to support commercial and industrial activity, including factories, stores, department stores, among others, as a way of avoiding chaos in Mozambique. Moreno announced this minutes after the end...
There will be no fuel shortages for at least the next 23 days in the country, guarantees the Mozambican Association of Oil Companies (AMEPETROL). In a statement to which MZNews has had access, AMEPETROL says that "at the moment the country has stock for 23 days, so there is no risk of a fuel shortage, apart from the ships already scheduled to arrive in the...
More than 36,000 people crossed the borders of Ressano Garcia, Goba, Namaacha and Ponta do Ouro, in Maputo province, from the 15th to the 20th of this month, to celebrate the festive season with their families. According to the spokeswoman for the Maputo Provincial Migration Directorate, Carmen Mazenga, despite the post-election crisis that...
The Ressano Garcia border crossing, which links Mozambique and South Africa, could see a peak in the influx of Mozambican and foreign citizens over the festive season, starting today and tomorrow. According to the authorities, more than 12,000 Mozambicans are expected in the country to work in the mines and agricultural sector...