The Mozambican government estimated on Monday that $1.8 billion is needed to ensure that the entire population has access to safe drinking water, and called on private investors to invest in the sector
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State loses more than 360 million per year to illegal gold mining
The Mozambican state loses 360 million meticais annually due to illegal trafficking and smuggling of mineral products, especially gold
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Pandora beats pre-pandemic results in jewelry rush
Pandora's comparable sales grew 7%, in the period between April and June this year, compared to the same period in 2019. According to the Danish jewelry brand, the results obtained in the second quarter of 2021, worldwide, exceeded the sales recorded in pre-Pandora. According to a publication on the portal "Executive Digest", the United States of...
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Vale wants responsible withdrawal from its operations in Mozambique
Brazilian mining company Vale assured the Mozambican government that "the company wants to exit Mozambique in a responsible way", leaving assets and workforce with competitive value
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DP World develops in Dubai a system that promises to speed up storage and transportation of containers
DP World, a Dubai-based port operator, has developed a time and space-saving innovation, reports 'CNN'
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NKC African Economics estimates inflation in Mozambique to rise to 5.3% this year
The consultancy NKC African Economics estimated on Monday that inflation in Mozambique for the year as a whole would stand at 5.3%, above the 3.1% recorded in 2020 and in line with the 5.2% of the first half
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Mozambican company promotes ruby auctions in India and Thailand
The mining company Fura Mining Mozambique launched this Monday the first auctions of rubies it is mining in the northern district of Montepuez, as part of two bids in India and Thailand, the Mozambican government announced
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ADIN and partners will rebuild public infrastructure destroyed by insurgents
The Agência de Desenvolvimento Integrado do Norte (ADIN) and its partners will participate in the reconstruction of public infrastructures, destroyed in the aftermath of the March 24th terrorist attack on the town of Palma, in Cabo Delgado
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Construction work on the port of Chongoene, in gaza will start soon
Construction work will soon begin on a small port on the Chongoene beach in Gaza, which will ensure the flow of the mining production resulting from the exploitation of heavy sands in Chibuto
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Bank of Mozambique opens two more cases against Standard Bank managers
The Bank of Mozambique announced this Friday the opening of two more "misdemeanor cases" against two managers of Standard Bank, who must also pay a fine of just over one million meticais each. Claudio Banze, director of Information Technology, and Adimohanma Chukwuma, former deputy administrator, have committed "serious offenses related to the implementation of...