The National Fund for Sustainable Development (FNDS) will make 15 million dollars available to finance small and medium-sized companies operating in the agribusiness sector. The amount, which varies between 6 and 63 million meticais, is specifically aimed at those operating in the field of seed production and processing and cashew agro-processing. José...
On Monday, the President of Angola, João Lourenço, inaugurated the country's largest diamond exploration project, the Luele mine, for which the consortium has already invested 635 million dollars. The Sociedade Mineira do Luele consortium is made up of Catoca with a 50.5% stake, Angolan state diamond company Endiama, 25%,...
In an operation aimed only at professional investors, the Portuguese construction company Mota-Engil will issue between 50 and 60 million in bonds. Mota-Engil announces the launch of a new subscription offer for book-entry and registered bonds with a nominal unit value of one thousand euros, a minimum global value of 50 million euros and...
The Mozambican government, through the Ministry of Industry and Trade (MIC), announced on Wednesday that it is filing a legal challenge to the decision of the Administrative Court which, almost a month ago, suspended the process of exporting pigeon peas to India. The suspension, which is the result of a lawsuit filed by the company Mazua Comercial,...
Foreign citizens hired to work on the Coral Sul Area 4 gas project, developed by Italy's ENI Rovuma Basin, earn salaries between eight and 20 times higher than Mozambicans in the same company, with equivalent technical qualifications and doing the same job. There are around 200 Mozambicans working on the platform. The complaint...
The Minister of Transport and Communications, Mateus Magala, recently revealed in Moamba that the Port of Maputo should increase the volume of cargo handled by around 15 million tons per year. According to Notícias, the current volume of cargo is 32 million tons, which, with the increase, should rise to...
The host communities of the gas exploration project in the district of Búzi, in Sofala province, are denouncing the lack of transparency in the publication of job opportunities. According to the Center for Public Integrity (CIP), the government received 2.75 million dollars between 2009 and 2023 to train staff in these communities. The aim is to integrate...
The Minister of Transport and Communications, Mateus Magala, said recently in Malawi that two more Dry Ports could be built, one in the central area and the other in the north of the country. Quoted by Notícias, Magala said that the infrastructures would be built in the city of Beira, in Sofala province, and in the city of Nacala, in...
The Head of State, Filipe Nyusi, believes that the Beira ? Machipanda Line, which connects to Zimbabwe, will strengthen economic cooperation between Mozambique and Zimbabwe and the rest of the Southern African Development Community (SADC) countries. The President of the Republic said that the Machipanda railway line is a...
Mozambique exported 232,000 tons of cowpeas in the period from January 1 to November 21, 2023. With 209,000 tons, corresponding to 90% of exports, India ranks first among the countries that received the largest quantity of cowpeas, under the memorandum of understanding between the...