TotalEnergies is suspending all its subcontracts with companies based on the Afungi peninsula in Cabo Delgado province. The companies have already been instructed to cease activities and contracts with thousands of workers. CCS Joint Venture (Chiyoda, McDermont and Saipem), for example, has already been ordered by the French multinational to...
The province of Nampula, in northern Mozambique, on Wednesday (26) began the process of setting up industrial parks through an initiative called Nampula Parks. The Nampula Provincial Executive Council, through governor Eduardo Abdula, initialed a memorandum of understanding with Moz Parks, represented by its managing director, Onório Manuel,...
ExxonMobil Moçambique, Limitada, as the Delegated Midstream Operator for Area 4 of the Rovuma Basin Project, signed a Memorandum of Understanding (MoU) with Field Ready this Wednesday (26), in a joint and dedicated effort to increase employment opportunities for Mozambicans in the Oil & Gas sector. The ceremony...
Financial operations between the Mozambican economy and the rest of the world resulted in a net inflow of funds of approximately 2.1 billion dollars, compared to 2.2 billion in the same period in 2023. The data is contained in the quarterly Balance of Payments (BoP) bulletin, released by the Bank of Mozambique (BdM),...
Moza Banco wants to continue to strengthen its belief in the country's agricultural potential, especially in terms of export capacity. In pursuit of this objective, the Bank took part in the Workshop on International Trade and Access to Financing for Exports in Maputo a few days ago. The workshop was organized by ExportaMoz, an entity dedicated to promoting...
In the third quarter of last year, Mozambique recorded a negative variation of 1.7% in imports of goods, totaling 6.4 billion dollars compared to 6.5 billion dollars in the same period in 2023. The data is contained in the quarterly Balance of Payments (BoP) bulletin, released by the Bank of Mozambique (BdM), the...
Revenues from sales of Mozambican rubies totaled 63 million dollars, which represents an annual drop of around 56%, equivalent to 81 million dollars. The data is contained in the quarterly Balance of Payments (BoP) bulletin, released by the Bank of Mozambique (BdM), to which MZNews had access, highlighting that in the period...
Mozambique is taking part in the 19th edition of the Meetings Africa business tourism fair, which officially opens today (25) in the South African city of Sandton. Meetings Africa is a pan-African event for the Meetings, Incentives, Conferences and Exhibitions industry. This year, 410 exhibitors have been confirmed, representing 113 small and medium-sized...
Nearly two thousand workers in the hotel and tourism sector are at risk of losing their jobs in the Vila Municipal da Praia do Bilene, in Gaza province, due to the wave of violent demonstrations that have taken place in the region since Wednesday of last week. A total of 94...
TotalEnergies, responsible for the exploration of liquefied natural gas in Area 1 of the Rovuma Basin, in the district of Palma, in the north of Cabo Delgado province, has finally begun negotiations to overcome an impasse between the French oil company and local peasants. The peasants accuse the French oil company of failing to comply with...