The country's recent economic growth means that the Administrative Court (TA) needs to be transformed, as a way of continuing to ensure control of public accounts. The idea was defended last week in Maputo by the president of the TA, Lúcia Maximiano do Amaral, at the launch ceremony for Legality Week, an event that will be...
Hidden debts: Manuel Chang to be sentenced in New York on November 20th
Former Mozambican Finance Minister Manuel Chang will be sentenced on November 20, 2024 in New York. According to a publication by Zitamar News, the decision was made by a judge in New York City, in the United States of America (USA). Citing a communication from the US court, the same publication states that Manuel...
Demonstrations: CTA says there have been losses of three billion meticais
The Confederation of Economic Associations of Mozambique (CTA) announced yesterday (30) that the country has lost three billion Meticais due to the paralysis of economic activity resulting from the demonstrations on the 21st, 24th and 25th of this month. The CTA was speaking after a meeting with the government to take stock of the...
Mozambique to become a full member of the African Free Trade Area from January
Mozambique will become a full member of the African Continental Free Trade Area (AfCFTA) in January next year, when it will begin to explore the business opportunities that this platform offers to member countries, especially in terms of internationalization and productive specialization. The announcement was made this week in Maputo by the Minister of Industry and Trade, Silvino Moreno, who...
Mozambique and Colombia sign Visa Waiver agreement
The governments of Mozambique and Colombia have initialed an agreement to abolish visas for diplomatic and service passports, an instrument that aims to make it easier for officials and other individuals to travel with these documents. According to an AIM publication, the agreement was signed on Monday (28) in the Colombian city of Cali by...
Government launches raid on procurement audits in municipalities
The central government, through the Ministry of State Administration and Civil Service (MAEFP), is looking for a specialized company to audit the procurement processes of 22 municipalities in the provinces of Niassa, Zambézia, Sofala and Gaza. This work is part of the Urban Development and Decentralization Project (PDUL), which has...
AT foils attempt to smuggle 752 cartons of cigarettes worth 10.5 million meticais
Mozambique's Tax Authority (AT) has seized 752 cartons of cigarettes on the smuggling route across the Ponta d'Ouro border, in Maputo province, between Mozambique and neighboring South Africa. With the seizure of this merchandise, valued at 10.5 million meticais, the Mozambican state could collect around five million in duties, without...
World Bank launches strategy to increase economic opportunities for women
The World Bank has announced a new strategy aimed at increasing economic opportunities for women and enabling their participation in the global economy through social protection and access to broadband and capital. According to a report in the newspaper Negócios, the 2030 Gender Strategy, unveiled during the annual meetings of the International Monetary Fund...
Absa Bank and ISUTC join forces to empower women in technology
Absa Bank Mozambique signed a Memorandum of Understanding (MoU) with the Instituto Superior de Transportes e Comunicações (ISUTC - TRANSCOM) yesterday (Wednesday 16), aimed at supporting the inclusion of women in technological areas, as well as reinforcing its commitment to gender equality. An Absa press release states that the initiative comes as part of...
Demonstrations: CTA estimates losses of 1.4 billion meticais
The Confederation of Economic Associations of Mozambique (CTA) says that the country has lost 1.4 billion Meticais due to the paralysis of economic activity resulting from last Monday's demonstrations. Agostinho Vuma, president of the CTA, explained that the demonstrations could discourage foreign investment in the country. At a press conference on Wednesday, the president of the...