The Mozambican state loses around 250 million dollars every year due to under-declarations in its mining exports. For example, when exporting graphite, different entities can declare values with a difference of up to 50%, the Minister of Economy and Finance, Max Tonela, said today. In order...
Mozambicans in South Africa are proposing the establishment of a community support fund to respond to emergency cases. According to the member of the advisory board of the National Institute for Mozambican Communities Abroad, based in South Africa, Fausto Jamissene, this fund would be used for various purposes, including extreme cases....
The Ministry of Economy and Finance has revealed that Mozambique is among the sub-Saharan African countries that will benefit from a regional fund for natural disasters to be set up by the World Bank. According to a statement released yesterday, the establishment of the mechanism was made known by the World Bank's vice-president for Eastern and Southern Africa,...
The Ministry of Economy and Finance has launched an international public tender to recruit specialists to fill the staff of the recently announced Mutual Guarantee Fund, an executive source has learned. These are a fund manager, a credit and operational risk manager and a compliance manager. The World Bank announced...
The Council of Ministers on Tuesday approved a decree to create a disaster management fund, whose bank account will be managed by the National Institute for Disaster Management (INGD). According to the Executive spokesman, Filmão Suaze, the fund now approved - which is actually a readjustment of the law in...
The World Bank (WB) Board of Directors on Thursday approved the creation of a fund to finance investments to strengthen pandemic prevention, preparedness and response (PPR) capabilities, the institution announced. The focus should be on low- and middle-income countries and the aim is to launch this fund in the fall, said...
The National Statistics Institute (INE) recommends the creation of a national fund to ensure the financial sustainability of the main activities of statistical production in Mozambique. In a statement, INE also recommends the effective compliance with the deadlines set for the dissemination of the results of the major censuses, in order to ensure that all information reaches...
Mozambique has nearly seven million dollars, donated by the World Health Organization, to respond to health emergencies in the country. The amount was announced last Friday, during the signature of the Cooperation and Assistance Plan, between WHO and the Ministry of Health, for the biennium 2022 and 2023. O...
An investigation has revealed that at least about a hundred billion dollars was stolen from covid relief programs set up to help businesses and person who lost jobs due to the pandemic. The US Department of Labor and Small Business Administration's Secret Service released estimate based on data and...