PGR investigates embezzlement schemes at LAM
Mozambique's Attorney General's Office (PGR) is investigating allegations of a scheme to embezzle money from Mozambique Airlines (LAM) through automatic payment terminal (POS) machines...
IMF mission to assess the country’s economic situation
The International Monetary Fund (IMF) will carry out a technical assistance visit to Mozambique next May to analyze the country's latest macroeconomic developments. The...
High street lighting costs worry EDM
Electricidade de Moçambique (EDM) has expressed concern about the high costs of public lighting throughout the country, which amount to 20 million dollars (1.2...
Temane-Maputo power line substations to be tested from May
Reliability tests on the equipment installed at the three substations that make up the Temane-Maputo electricity transmission line, which is more than 500 kilometers...
Sasol recorded an 8% increase in gas production in Mozambique
Sasol, the petrochemical company listed on the New York and Johannesburg stock exchanges, released a report highlighting an 8% increase in gas production in...
Gemfields paid 35% of its revenues to the state
In July 2021, Gemfields, the main shareholder of Montepuez Ruby Mining in Mozambique and Kagem in Zambia, announced the "G Factor for Natural Resources",...
Mozambique and Angola propose greater private sector participation to boost economic relations
The governments of Mozambique and Angola on Tuesday (23) called for an increase in the involvement of the private sector to speed up and...
BCI recorded 3.8% growth in turnover
Banco Comercial e de Investimento (BCI) released its results for the 2023 financial year, highlighting that the balance sheet performance was strongly influenced by...
CTA seeks to expand commercial relationship with Portugal
The Confederation of Economic Associations (CTA) expressed its desire to reverse the fall in trade with Portugal, seeking to attract Portuguese companies to invest...
Report shows World Bank holds 29% of Mozambique’s foreign debt
According to the 2023 public debt report drawn up by Mozambique's Ministry of Economy and Finance, the World Bank, through the International Development Association...
