The president of Sonangol, Sebastião Gaspar Martins, said this Friday that the conflict in Ukraine will also have an impact on the oil industry, just like in the whole world. According to the head of the Angolan state-owned oil company, there is a need to make adjustments in terms of logistics in order to reduce the impacts. Sebastião Gaspar Martins made...
The war taking place in Ukraine could have repercussions on the global economic recovery. The warning was given by the director of the International Monetary Fund (IMF), Kristalina Georgieva. Through her social network, Twitter, Georgieva said she was "deeply concerned" and warned that Russia's invasion of Ukraine "adds significant economic risk to the...
The Tax Authority (AT) will ban the circulation and sale of alcoholic beverages without a stamp, starting next month, in the Mozambican territory. And, according to the President of the AT, Amélia Muendane, all control mechanisms will be ensured. In fact, 10 tax cooperatives will be created in each province of Mozambique, until the end...
The Minister of Agriculture and Rural Development, Celso Correia, announced this Thursday a new program to promote and massify the production of sugar cane to meet the needs of the sugar industry. The program foresees a production of 500 thousand tons of sugar cane per campaign. "We have a great potential for absorbing production. We are ...
A wave of sanctions at all levels against Russia is being triggered by a number of European Union (EU) countries and beyond, this after the start of the attacks on Ukraine. The French Economy Minister said today that the EU "wants to cut all ties between Russia and the...
The Government appeals for calm, to the workers of Xinavane sugar mill who contest poor working conditions and who on Wednesday carried out acts of vandalism. The Vice-Minister of Labor and Social Security, Rolinho Farnela, assured that the government will continue to monitor the negotiations between the employers and the labor masses. "The decisions are not
The president of the Tax Authority of Mozambique says that the institution she heads will implement, by December this year, a platform for the taxation of the digital economy throughout the country. Amélia Muendane explained that the measure aims, among others, to ensure that eighty percent of citizens fulfill their tax obligations, by means of...
The long distance passenger trains will start running again as of March 2 in the South and Center of the country, announced yesterday the public company Portos e Caminhos de Ferro de Moçambique (CFM). In the southern railway system, the passenger trains that connect the southern region of Mozambique to the...
The Organization for Economic Cooperation and Development (OECD) said in a statement released today and quoted by Lusa news agency, that exports of G20 countries measured in dollars increased by 3.4% between October and December compared to the previous three months, while imports rose by 5%. According to the OECD in part, the growth is due...
The Polytechnic University and the public company Electricidade de Moçambique-EDM signed on Tuesday February 22 in Maputo a Memorandum of Understanding (MoU), which aims at professional development of human capital and provision of training or consultancy services. The agreement foresees the promotion of professional internships, supply of goods and provision of...