The National Institute of Road Transport (INATRO) owes about 40 million meticais to the company Brithol Michcoma, for the services of printing more than one hundred thousand biometric driving licenses, between July and November 2021. The debt arose at the time when the current INATRO was called National Institute of Land Transport (INATTER) and...
The US economy may go into recession in the next two years. In a report released by Goldman Sachs and quoted by "Reuters" and the newspaper Económico this Monday, April 18, the investment bank points to a 35% probability. On the basis of this value is the fact that the Federal Reserve has for the...
Mozambique Airlines (LAM) has assured that it is fulfilling its obligations with regard to the insurance of its aircraft. According to the statement of that company, the payment of insurance of the aircraft is made by LAM, SA through Empresa Moçambicana de Seguros, SARL, which channels the respective amounts to...
The Chinese economy recorded a year-on-year growth of 4.8%, in the first quarter, below the target set by Beijing, at a time when the spread of outbreaks of covid-19 results in the confinement of major industrial centers. According to a statement quoted by Lusa news agency, growth accelerated from the pace of 4% reached in the previous quarter,...
The Trade Agency of the Embassy of the United States of America (USA), in partnership with the Mozambican Chamber of Commerce (CCM) gathered in a seminar, recently, in Maputo, 45 businessmen from both countries who discussed the possibility of creating a Franchise Market, in the scope of the preparation of the 30th International Franchise Exposition, to be held in...
European Commission President Ursula von der Leyen said today that Russian state bankruptcy is only a matter of time due to Western sanctions imposed for invading Ukraine. Von der Leyen told the German newspaper Bild am Sonntag, quoted by the official Russian news agency TASS that the sanctions are affecting every...
The Minister of Economy and Finance, Max Tonela was expectant with the resumption of direct support to the State Budget by the African Development Bank (ADB) in 2023 due to the commitment of both parties with the deepening of cooperation. At the level of the Mozambican executive, there are "the expectations of having the ADB to finance the...
The Mozambican government will soon resume negotiations with the African Development Bank (ADB) as part of the efforts to mobilize additional funds for the conclusion of the asphalting works of the last thirty kilometers of the Mueda-Negomano section of the road leading to neighboring Tanzania. The fact was advanced by the Minister of...
Mozambique will export 100 megawatts of electricity to Botswana, starting this year. To this end, Electridade de Moçambique (EDM) and the Botswana state electricity company have signed an agreement for the purchase and sale of electricity produced in Mozambique, as part of the visit of the President of the Republic, Filipe...
The International Monetary Fund (IMF) will cut the global economic growth outlook for this year and for 2023 in the next forecast, Kristalina Georgieva announced. "For most countries, growth will still remain in positive territory," the institution's managing director said in a conversation with Tino Cuellar, president of the Carnegie Endowment for International Peasse, adding...