Rail traffic between Mozambique and Eswatini has been interrupted since yesterday afternoon, Tuesday (04), after a freight train collided with a truck at a level crossing in Matola-rio, Boane district, Maputo province. According to a note from the Caminhos de Ferro de Moçambique (CFM) company, the accident obstructed the Goba line,...
Economist Egas Daniel welcomes the government's decision to sell 91% of the state's shares in Linhas Aéreas de Moçambique (LAM) to companies in the State Enterprise Sector (SEE), but warns that measures should be taken to avoid being affected by the airline's culture of mismanagement. For Daniel, from the...
The Mozambican government, through the Council of Ministers, announced this Tuesday (04) the allocation of eight billion meticais for assistance and rehabilitation of infrastructure destroyed by cyclones Chido and Dikeledi, in northern Mozambique. The information was provided by the spokesperson for the Council of Ministers, Inocêncio Impissa, after a meeting of the Executive in Maputo. "O...
The government today authorized three companies in the State Business Sector (SEE), namely Hidroeléctrica de Cahora Bassa (HCB), Caminhos de Ferro de Moçambique (CFM) and Empresa Moçambicana de Seguros (EMOSE) to acquire state stakes in the company Linhas Aéreas de Moçambique (LAM). "With the amount raised by the sale of 91% for its stake in...
Bruno Dias has been appointed to the position of Office Managing Partner (OMP) of Ernst & Young (EY) Mozambique, an executive leadership position he will take on from July. Until then, as Deputy Office Managing Partner, Bruno Dias will work on the transition process in close liaison with the still OMP, Paulo Reis, who...
Last Friday (31), Mozambique Airlines (LAM) went ahead with a procedure to try to contract the supply of Embraer ERJ190 and Boeing 737-700 aircraft. According to a publication in Carta de Moçambique, the tender was announced a few days after the return of a Boeing 737-300 cargo plane from Indonesia, which had been unavailable for a year....
The Securities and Exchange Commission (SEC) of the United States of America (USA) announced this Monday (03) that a plan is being drawn up to distribute the fines imposed on Credit Suisse to investors affected by the corruption scandal in Mozambique, known as "hidden debts". According to a publication on the SWI portal...
The Mozambican government admits that the funding cuts being implemented by the United States of America (USA) could affect some development projects in Mozambique. The Minister of Planning and Development, Salimo Valá, pointed out on Monday (03), during the ceremony to celebrate Mozambican Heroes' Day in Maputo, that the...
The National Association of Young Entrepreneurs in Manica has suggested to the government measures for economic recovery after the electoral protests that caused incalculable damage to the private sector and beyond. According to "O Pais", the measures include exemption from the IRPC for the 2024 financial year and VAT forgiveness during the period of the vandalizations. Only...
Commercial banks kept the reference interest rate at 19% in February. The decision comes after the Bank of Mozambique reduced the monetary policy interest rate from 12.75% to 12.25% and the reserve requirement ratio from 39% to 29%. The unchanged interest rate is used in the...