A group of Ukrainian businesspeople has traveled to Mozambique to try to identify business opportunities and partnerships with Mozambican businesspeople in the areas of Agriculture, Energy, Information and Communication Technologies and Mining. The information was provided last Friday (14), in Maputo, by the member of the Natural Resources and Energy Department and the Mining sector at the...
Standard Bank's PMI Index predicts that economic growth in Mozambique will remain at 3% throughout the year, despite the difficulties that may be seen in the first months of 2025, but anticipates a gradual improvement in the following quarters. "The contraction in GDP growth is expected to continue into the first quarter of 2025,...
US oil company ExxonMobil has announced that it has invested more than 20 million dollars in Mozambique since 2017 as part of its local content development strategy. According to a publication by Further Africa, which quotes the company's director of Public and Government Affairs in Mozambique, Armando Afonso, ExxonMobil plans to direct more investments in the economy...
The Confederation of Economic Associations is complaining about the delays in the Migration Services in processing visas and other migration documents. Speaking at a press conference this morning, the CTA says that this is compromising economic activity in the private sector. According to the CTA, quoted by "O País", there are...
Electricidade de Moçambique (EDM) has said that it is making efforts to ensure that some border posts in the central province of Tete are no longer dependent on electricity from neighboring countries, especially Zimbabwe and Malawi. According to EDM's Director of Electrification and Projects, Sílvio Nurmomad, these are the border posts of Cuchamano, in...
The suspension of work at the Chongoene Port Terminal in Gaza province is putting around 200 jobs at risk and jeopardizing the export of more than 270,000 tons of minerals from the Chibuto heavy sands project. According to the Chongoene district administrator, Artur Macamo, quoted by...
The Bank of Mozambique (BdM) announced this Thursday (13) that it has removed Standard Bank's resident inspector, Cláudio Júlio Mangue, four months after his appointment. In a note from the BdM, the withdrawal of Cláudio Júlio Mangue, a senior central bank official who had been appointed on October 14, comes after Standard Bank...
Linhas Aéreas de Moçambique (LAM) has selected 14 companies in the first phase of the tender to acquire two lots of Embraer 190 and Boeing 737-700 aircraft, all of them in an unspecified number. According to a report in the Savana newspaper, which quotes a communication from the airline, LAM announced the notification of the...
The Mozambican government says that the increase in the cost of living in the country, which has already provoked public anger, is a direct consequence of the destruction of commercial establishments during the post-election demonstrations. According to the spokesman for the Council of Ministers, Inocêncio Impissa, who was speaking after the end of the 4th Ordinary Session held on Tuesday (11),...
Hidroeléctrica de Cahora Bassa (HCB), the country's main electricity producer, located in the province of Tete, central Mozambique, announced this week that it expects to pocket 18 billion for the state coffers by the end of the year. The guarantee was given by the chairman of HCB's Board of Directors, Tomás Matola, who...