An update to Notice no. 7/GGBM/2003, of January 14, requires financial institutions to report all credit operations to the Central Credit Registry (CRC) within 24 hours of the creation, granting/disbursement or renewal of the limit, constitution of the guarantee or completion of the operation. The revision of the instrument arises from the understanding of...
The Mozambican government assures that it is working to comply with recommendation number 8 and its own immediate result regarding Non-Profit Organizations suspected of financing terrorism, an activity that the country needs to get off the Financial Action Task Force's (FATF) grey list. According to the national coordinator of the Executive Committee for...
X-HUB - Incubator for Cultural and Creative Businesses has an artistic incubation program that started this Monday. It is aimed at 20 artists, which is equivalent to five national bands. According to a note from X-HUB, the program benefits creators from Inhambane, Nampula and Niassa. X-HUB's initiative aims to boost the economy...
The executive coordinator of the Office of Reforms and Structuring Projects, João Osvaldo Machatine, believes that the discussion on the problem involving the cost of tolls in the country has to be done in an integrated manner, placing the issue of the tariffs charged and the real income of the Mozambican population on the same line. According to...
Twelve-month inflation in Mozambique rose in January this year to 4.69%, according to figures released on Tuesday (11) by the National Statistics Institute (INE). The increase in one-year inflation is explained by INE "fundamentally by the rise in food prices". This increase, according to INE, is the second...
The Mozambican government intends to subsidize the payment of tolls for public passenger transport, as a way of reducing its costs following the vandalization of these infrastructures. The issue is the "tug-of-war" between transport operators and road concessionaires that has been going on since the announcement in January that the toll would be...
The government's sale of Mozambique Airlines (LAM) to the State Business Sector (SEE) could increase fiscal risk and contribute to an increase in the lack of transparency in the management of public affairs, according to the Center for Public Integrity (CIP). Government authorizes HCB, CFM and EMOSE to acquire 91% of state shares...
Mozambique has fallen one place compared to 2023 in the Corruption Perception Index, a global indicator that assesses how corrupt each country's public sector is. According to the perception of experts and businesspeople cited in the report for the past year, produced by Transparency International, Mozambique went from 145th to...
A consortium of investors led by Elon Musk has submitted an offer to buy OpenAI - the company that created ChatGPT - for 97.4 billion dollars, the Wall Street Journal reported on Monday. The offer, according to the same publication quoted by Negócios, was submitted to OpenAI's board of directors by Marc...
The interim National Director of Commerce, Vera Godinho, yesterday discouraged the reduction of prices of basic products if such a measure is based on social pressure. "In relation to this issue of the tendency of the people to demand cost reductions, etc., ... we discourage these measures, the government discourages these measures," said the spokeswoman for the...