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The Mozambican Investor

Issue: 1046th
By Adrian Frey

Date: 18 January, 2018 Email us: themozambicaninvestor@clubofmozambique.com

Maputo municipality introduces mobile tax collection units

A new tax collection system introduced yesterday by the Maputo Municipal Council will being mobile units for the collection of municipal taxes and fees to various parts of the city. The measure aims to decongest overcrowded  municipal collection points, which register increased traffic in the first three months of the year. Mobile units will be positioned in places with the highest density of people and institutions with large numbers of ...

Watch: Agriculture mobilising resources to fight fall army worm in 7 provinces – Mozambique

Mozambique's Ministry of Agriculture and Food Security is mobilising resources to control the Fall Army Worm, which is affecting large areas of the country. The plague is recent in Mozambique, TVM reports,  and has been confirmed in seven provinces of the country. If not controlled, it could cause producers huge economic losses. 27,000 hectares of corn in Inhambane According to Rádio Moçambique, about 27,000 hectares of corn ...

Mozambique Tax Authority: 2017 target exceeded by more than 16 billion meticais

The Tax Authority of Mozambique (AT) collected gross revenue of more than 202 billion meticais last year,8more than US$3.4 billion at current exchange rates], 108.54 percent of its pre-defined target. The amount collected exceeds the 2017 target set by the state budget law by around 16 billion meticais [ around US$305.5 million at current exchange rates]. The 202,253,330.48 thousand meticais revenue does not include capital gains tax of ...

Aviation Authority launches tender to award district air routes – Mozambique

National airlines have 60 days to express an interest in exploring domestic routes at the district level. The Civil Aviation Regulatory Authority of Mozambique launched a tender for the concession of routes in this category on Monday.

Watch: Savannah submits three mining lease applications in Mozambique

Savannah Resources has submitted three applications for mining leases to Mozambique’s Ministry of Mineral Resources and Energy regarding the Mutamba Heavy Mineral Sands Projects. Savannah operates the Mutamba Project with a 20% interest in a consortium agreement with Rio Tinto. Applications cover a total area of 417.32km² and were submitted in the name of Rio Tinto’s fully owned subsidiary Mutamba Mineral Sands. Leases comprise ...

Japan’s Mitsui has invested more than US$1 billion in Mozambique

The speaker of the Mozambican Parliament Verónica Macamo received yesterday in her office the representatives of the Business Friendship Association. An association of Japanese entrepreneurs who have interests to invest in Mozambique. The group is led by the Mitsui company that has invested more than US$1 billion s in the country since it first started its presence here. According to Macamo these investments are of the utmost importance ...

Debt crisis has resulted in a contraction in Mozambique’s real economy

The debt crisis is the main feature in any analysis of Mozambique, with the African Development Bank emphasising the enormous effects of the country's financial default. Exports of coal and agricultural production are to constitute the mainstay of a projected growth of 5.3 percent this year, but the debt crisis has resulted in a contraction of the real economy, says the African Development Bank (AfDB). "The recovery of GDP growth to an ...

Millenium bim expands banking services in Zambezia

Millennium bim ended 2017 by opening its first branch in Namacurra district, Zambézia province. The population there now enjoys access to all the bank's services and products in a modern space which offers safety and convenience to customers, according to a press release from Millenium bim. The new branch is a clear indication of the bank's commitment to expanding its services in rural areas, and will in time promote the financial ...

Mozambique police detain five poachers in Manica game reserve

Five poachers have been detained by police in a sports hunting game reserve in Manica, central Mozambique. Police also seized 14 poaching traps, both mechanical and home-made, Lusa reports. The poachers had set up a camp inside Coutada Nove, a conservation area between Macossa (Manica province) and Gorongosa (Sofala), slaughtering animals and transporting their meat and trophies away by car, Manica police spokeswoman Elcidia Filipe ...

Three Nampula coastal districts without power

The tropical depression that has battered the coast of the northern Mozambican province of Nampula since Monday has left the districts of Mozambique Island, Nacaroa and Mossuril without electricity. According to a release from the publicly-owned electricity company, EDM, the storm has knocked down 42 pylons and the costs of repairing or replacing them are put at five million meticais (about 84,700 US dollars). The power cuts are affecting ...

Maxixe police commander and head of operations arrested on murder charges

Joaquim de Nascimento, the Mozambique police commander in Maxixe, Inhambane, and his chief of operations, Julião Ruben, are being held in Maxixe Maximum Security Prison on charges of qualified homicide. The two senior members of the PRM are among the four members of the corporation who have been arrested over their alleged involvement in the murder of four people whose bodies were found in the woods in the district of Funhalouro last ...

More than 300 suspects arrested in Mocímboa da Praia, Mozambique – Police

Mozambique police have so far arrested more than 300 individuals suspected of involvement in attacks by armed men in the districts of Palma and Mocímboa da Praia in Cabo Delgado. The detainees include national and foreign citizens, most of latter Tanzanian. The information was released by the police spokesman Inacio Dina in Maputo on Tuesday during the regular weekly police press briefing Dina clarified that the suspects were involved ...

 

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