Scenario could materialize in 2024 if gas production lags and compromises the expected increase in revenues, says the financial ratings agency
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May 31, 2021May 31, 2021Companies
Vale's coal production falls in first quarter in Mozambique
The production of Vale, the main coal mining company in Mozambique, fell in the first quarter due to maintenance at the industrial complex in Moatize
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May 28, 2021May 28, 2021Business
Gold mining starts in Cabo Delgado
The industrial extraction of gold in the administrative post of Nairoto, district of Montepuez, in Cabo Delgado, a project led by Mwiriti Lda
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May 28, 2021May 28, 2021Companies
Small and Medium Companies benefit from training on local content
About two dozen national small and medium-sized enterprises (SMEs) have just benefited from a training action aimed at providing them with knowledge about financial products and services for the needs of local content
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May 27, 2021May 27, 2021Economy
Government seeks alternatives for economic reforms
Government is searching for alternative solutions for the revitalization of the economy
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May 27, 2021May 27, 2021Economy
"Economy will grow moderately in the second quarter" - Bank of Mozambique
The Bank of Mozambique (BM) considers that the Gross Domestic Product (GDP) should grow moderately in this second quarter of the year
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May 27, 2021May 27, 2021Business
New cement and clinker factory inaugurated in Maputo
The President of the Republic inaugurated this Wednesday a cement plant in Maputo province, with capacity to produce two million tons per year
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May 26, 2021May 26, 2021Economy
Government approves the extinction of the public company Correios de Moçambique
The Mozambican government approved on Tuesday a decree that extinguishes the public company Correios de Moçambique, as part of the plan to restructure the state's business sector
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HCB announces 2019 dividend payment to shareholders
Hidroeléctrica de Cahora Bassa (HCB) will proceed, next June, with the payment of around 150 million meticais in dividends to series B shareholders
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May 25, 2021May 25, 2021Economy
Fitch Solutions foresees interest rate cut to 12.25% in Mozambique
The consulting firm Fitch Solutions said Monday that Mozambique's central bank is expected to lower its central interest rate by 1 percentage point in the second half of the year, ending the year at 12.25%