The President of the Republic, Filipe Jacinto Nyusi, has just laid the foundation stone of the Mozambique-Malawi regional interconnection project at Matambo substation, Changara district in Tete. This project aims at supplying electricity to Malawi, which should begin with the construction of 142 kilometers of line, the...
The National Institute of Social Security (INSS) says that there is an imbalance in the payment of social security benefits to taxpayers, a fact that challenges the institution to standardize the actions between provincial and district delegations to ensure reliability and speed of procedures throughout the country. The analysis was made by the director-general of the INSS,...
The 80 buses recently imported by the Government for the metropolitan region of Maputo will be put into circulation next week, after the organizational and bureaucratic issues have been resolved. Armando Bembele, administrator of the Metropolitan Transport Agency (AMT), said that the initial expectation was that the buses would be circulating since last March 15,...
The government says it is creating conditions for the strategic port of Mocímboa da Praia, in Cabo Delgado, destroyed by the insurgency, to operate again starting next May. According to VOA's news, the port of Mocímboa da Praia is of capital importance for the logistics of both the Mozambican military and the...
Banco Comercial e de Investimentos (BCI), controlled by CGD and BPI, almost doubled its net profit in 2021 compared to the previous year, to 5.2 billion meticais. According to the report and accounts consulted today by Lusa, the year 2021 "is marked by the fact that, under difficult circumstances, the BCI has presented a very strong growth...
The African Development Bank (AfDB) will allocate nearly €10 million to support investments in African technology companies, in conjunction with the European Union and the Organization of African, Caribbean and Pacific States (OACPS). "The board of directors of the AfDB has approved a capital investment of €9.8 million to support...
African Development Bank (AfDB) Vice President Kevin Kariuki argued on Wednesday that Africa is not yet ready to switch from fossil energy to renewables, but admitted that with resources from the developed world, it can replace some assets. "In Africa we are not at the point of switching. The technology to replace coal and gas...
The U.S. foreign support agency Millennium Challenge Corporation (MCC) announced Wednesday the allocation of $10 million for preparatory work for the second program of support to Mozambique. "The Mozambican government and MCC signed an agreement on Monday in Washington to strengthen the capacity of the Compact II Development Office...
The Government is implementing measures for financial, operational, human resources management and corporate governance restructuring, aiming at reducing the debts of the state business sector and improving its operational performance. The Prime Minister, Adriano Maleiane, said today in Parliament, that the purpose of the Executive is to make the companies viable and profitable. "These actions...
The global provider of movies and TV series via streaming, Netflix for the first time in over a decade, has lost subscribers. There are 200,000 fewer users of the streaming platform globally in the first quarter of 2022, compared to the last three months of 2021. Its shares also retreated more...