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Mozambique Newletter

The Mozambican Investor

Issue: 540th
By Adrian Frey

Date: 30 May, 2017 Email us: themozambicaninvestor@clubofmozambique.com

Mozambique ready to “turn the page” – Salimo Abdula

Salimo Abdula, charman of Intelec Holding, said yesterday that Mozambique could "turn the page", and go on to exploit its potential beyond gas, after it had made the hidden debts audit public and consolidated peace. "Mozambique after peace is consolidated has potential beyond oil and gas," Abdula told Lusa on the sidelines of the Horasis Global Meeting conference, which ended yesterday in Cascais. "We can turn the page. There are already signs ...

Government, employers and trade unions consider labour law – Mozambique

The government, employers and trade unions are meeting in Maputo today to consider a draft Law creating labour courts in the country. According to Minister of Labour Employment and Social Security Vitória Diogo says Law 18/92 of 14 October, which establishes the creation of courts to resolve labour disputes, must be adequate to the current situation in the country. Diogo says that the need for revision arises from preparations to introduce ...

Imported cement to be tested before sale in Mozambique

Imported cement is now subject to tests to assess its quality, before being released onto the domestic market. At present, only cement produced in Mozambique is tested for certification purposes. The government has now approved a new regulation which stipulates that imported cement must be subject to the same procedures, beginning with the collection of samples for specialised laboratory analysis. The decree, which entered into force at the ...

More than 400 million meticais invested in telecommunications expansion

The Mozambican government, through the Universal Access Fund (FSAU), is to invest 430 million meticais (US$7.277 million at current exchange rates) this year expanding the telecommunications network to 30 new localities in the country. The measure will bring telecommunications access to an additional 700,000 inhabitants approximately. According to Minister of Transport and Communications Carlos Mesquita, the government decided to create the ...

Economic freedom drops in Mozambique

Economic freedom has regressed in Mozambique in the last year, according to the 23rd Heritage Foundation index. Of 180 countries, Mozambique appears in 158th position, with 49.9 points out of 100 possible. Contributory factors were poor fiscal health, the government's increasingly poor integrity, lack of judicial effectiveness and weak protection of property rights. The classification puts Mozambique on the threshold of the "repressed" ...

Four missing, 13 survive Zambezia sinkings

Four people were missing and 13 survived two boat sinkings last weekend in the central province of Zambézia, Mozambique. The first accident occurred on the Chipaca River on the outskirts of Quelimane, the provincial capital, and the second on the Chirimane River in Inhassunge district. Rivers administration authorities blame overcrowding in both cases, together with bad weather in the region. Witnesses said 10 people were aboard vessel that ...

Angola and Mozambique will overcome crises – Zimbabwean philanthropist Strive Masiyiwa

Entrepreneur and philanthropist Strive Masiyiwa professed himself optimistic yesterday about the economic evolution of Angola and Mozambique, stressing that the main challenge facing these countries and the rest of the world is youth unemployment. "The main challenge facing Africa is not only African. It is global, and it is called unemployment, especially job creation for young people, which is the biggest challenge in the world," Strive ...

Mozambique statistics body revises last year’s growth upwards: 3.8%

The National Statistics Institute of Mozambique (INE) announced yesterday that the Mozambican economy grew by 3.8 percent last year, forecasting economic expansion of 2.9 percent in the first quarter of this year. Figures on the INE website have revised the growth of the Mozambican economy last year upwards from 3.3 to 3.8 percent. No explanation for the revision has been offered. According to the International Monetary Fund, the 3.8 percent ...

Gaza: 20 companies licensed to prospect for diamonds in Chicualacuala and Massangena

Twenty companies have been licensed to prospect for diamonds in Gaza’s Chicualacuala and Massangena districts. The licensing comes in the wake of confirmation by a Mozambican consortium of the presence of diamonds in Massangena as a result of prospecting and research work conducted in 2014 and 2015. The Provincial Director of Mineral Resources and Energy in Gaza, Castro Elias, said that next November, Mozambique would apply for membership of ...

Movement within CPLP depends on economic reasons – Mário Machungo

Former Mozambican PM Mário Machungo said yesterday that the flow of people between Portuguese-speaking countries would not happen if there was no economic need. "As long as there are no economic reasons for the movement of people, there will be no free movement between our countries," Machungo said in a debate at the Estoril Conference on Lusophony, which brought together the Mayor of Cascais and the former Director General of the Community of ...

816 kilograms of shrimp and crab incinerated in Beira, Mozambique

756 kilograms of white shrimp and 60 kilograms of mangrove crab have been incinerated in Beira after laboratory analysis confirmed they were unfit for human consumption due to high levels of coliforms feces (faeces). According to the Sofala province delegate of the National Fish Research Institute , Vasco Lebre Malate, the produce was seized in March this year at the Chinese Hai Bao company, which moreover operated clandestinely. Quoted today ...

LAM cancels flights due to failure on its largest airplane

Mozambican Airlines (LAM) announced in a statement that it had cancelled two flights on Saturday and Sunday due to a breakdown in their largest airplane. The cancelled flights were on the Pemba-Maputo and Maputo-Nampula-Lichinga routes. In a statement sent to Lusa, the Mozambican national carrier reported that it was forced to postpone last Saturday's Pemba-Maputo flight, following a malfunction detected on the aircraft. The trip, which should ...

 

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