The Institute for Management of State Holdings recorded an increase in revenues over the last six years, reaching six billion meticais in 2020, compared to 511 million meticais registered in 2016. The information was shared on Monday in Maputo by the Chairperson of the Board of Directors of the Institute for the Management of State Holdings (IMS).
After observing a strike that culminated with vandalization of several infrastructures and goods, at least 65% of the approximately four thousand workers of Xinavane Sugar Company, in Maputo province, have already returned to work. The employer, the union and the government reached an agreement to increase wages over a period of one year ....
The province of Gaza, south of the country, has since Monday one more electricity grid system. The system was inaugurated by the President of the Republic, Filipe Nyusi, in the administrative post of Ntlavene, in the district of Mabalane, inside the province of Gaza. This is an infrastructure budgeted at 38 million meticals, financed by...
Data advanced by the Bloomberg financial information agency, indicate that the volume of sales from Africa to the United States grew from 4.2 billion dollars to 6.7 billion dollars last year. This figure represents a recovery from the fallout caused by the Covid-19 crisis. Oil shipments went from...
The President of the Republic, Filipe Nyusi, said that the Ministry of Sea, Inland Waters and Fisheries, should transform artisanal fishing into semi-industrial to sell on the international market. According to Filipe Nyusi, fishing should occupy the spotlight as a productive activity that promotes economic growth and employment, promoting normal fishing in a strategic line that...
The President of the Republic, Filipe Nyusi, after swearing in the new members of the government, told the Minister of Public Works, Housing and Water Resources, Carlos Mesquita, that he should prioritize the quality of the works and invest in national engineers. "It is imperative that the ministry primes for the quality of the works, in this aspect the sector should review the engineering of the projects, as well...
The Russian Central Bank, announced on Sunday that local banks will start issuing new payment cards with the Chinese UnionPay card system coupled to the Russian MIR network. This decision comes after last week American companies Visa and Mastercard announced the suspension of their activities in the country. Russia...
The Dutch government has invested about 40 million meticais in the construction of sanitation, water supply and electricity infrastructures in the new housing area of Beira city, Sofala province, where 25 thousand houses will be built for young people. The project consisted in the construction of a rainwater treatment plant, a water supply...
The price of bread in Mozambique may soon undergo an upward revision, considering the 100 metical increase in the price of the main ingredient for its production, wheat flour. A document that MZNews had access to today indicates that "the price of Standard Wheat Flour will pass...
China has set a growth target for this year of about 5.5%, Premier Li Keqiang said Saturday at the opening of the annual session of the National People's Assembly. The world's second-largest economy grew by 8.1% in 2021 thanks to a recovery in exports and a low comparative base due to the pandemic...