The Confederation of Economic Associations of Mozambique - CTA said yesterday that at least 60 companies have debts with external suppliers worth 373 million dollars, around 23,830,568,963 at the current exchange rate. These are aggregate figures from companies that, within a week, managed to submit cases of overdue invoices, due to the...
The state-owned company Electricidade de Moçambique (EDM) launched a portal in Maputo today (16) to ensure the promotion of integrity, transparency, equality, competitiveness and speed in the process of contracting services throughout the value chain. This is the portal for managing suppliers and service providers, which according to the Chairman of...
A binding purchase agreement with South Korea's Posco Future M further confirms the move away from Chinese suppliers of battery metals such as active anode material (AAM). Posco Future M (formerly Posco Chemical) is a major battery materials company that produces cathode active materials and AAM. AAM has been identified as...
Around four million meticais is the amount owed by the National Institute for Disaster Risk Reduction and Management (INGD) to suppliers of various products in Sofala. The products were channeled to families affected by cyclone IDAI in 2019. Most of the debt was incurred with some...
The chairman of Petróleos de Moçambique (Petromoc) said on Monday that the firm had managed to reduce its debt from 13 billion meticals to about six billion meticais. Hélder Chambisso was speaking to journalists after receiving a visit from members of the Planning and Budget Commission (CPO) of the Parliament. Chambisso
The company Linhas Aéreas de Moçambique (LAM) carries a debt burden estimated at $230 million with different suppliers