The scarcity of containers in the national ports for the transport of goods has forced Mozambican operators to move cargo in bags, despite all the risks that this may entail
Business
Maputo International Fair opens this Monday
The Maputo International Fair (FACIM), the largest business and enterprise sample, will take place from August 30th to September 5th, in virtual and face-to-face format, due to the limitations imposed by covid-19
Gradual return of security in Cabo Delgado encourages entrepreneurs
Businessmen in Cabo Delgado are optimistic about the gradual return of security and the reopening of access roads to areas affected by terrorism, but expect help from the government to rebuild destroyed infrastructure
Absa Bank Mozambique commits to support value chain of export products
Absa Bank Mozambique has recently committed to support the development of export product value chains by financing the commercial production and processing industry of macadamia, avocado, lychee, beans and agro-forestry products
Mozambique exports close to 150,000 tons of cashew nuts
Mozambique annually places on the international market close to 150,000 tons of cashew nuts. The figure is below the expected taking into account the potential of the country
Prime Minister wants more investments to grow the economy
Prime Minister Carlos Agostinho do Rosário, indicated that the country is in need of more investments to make the economy grow and its materialization depends on the implementation of reforms
Mozambique sees improvement in business environment
The Prime Minister, Carlos Agostinho do Rosário, considers that, despite the challenges imposed by covid-19 and the terrorist actions in Cabo Delgado province, the country has registered progress in the implementation of the Action Plan for the Improvement of the Business Environment
Government and private sector seek ways to improve business environment
The government and the Confederation of Economic Activities (CTA) hold this Friday the VIII Business Environment Monitoring Council (CMAN), the highest body for managing and monitoring economic reforms to improve the business environment
Mozambique may be admitted to the Kimberley Process in November
Mozambique hopes to be admitted to the Kimberley process - a mechanism that allows the legal exploration and sale of diamonds in the world - in a plenary session to be held in November, in Russia
Fiscal policy should facilitate development, argues ministry of economy and finance
The Ministry of Economy and Finance (MEF) argues that fiscal policy should facilitate development and not just focus on the contribution of private companies in the formal sector
Export of gold and gems subject to certificate of origin as of this Friday
All exports of precious metals (gold) and gems produced in Mozambique will now be conditioned to the issuance of a certificate of origin, effective next Friday
State loses more than 360 million a year to illegal gold mining
The Mozambican state loses 360 million meticais annually due to illegal trafficking and smuggling of mineral products, especially gold
