Mozambican President Filipe Nyusi has called for economic inclusion in the exploitation of the country’s natural resources as one of the ways of distributing the national wealth. Speaking on Thursday, at the opening of the Norway-Mozambique Energy Business & Investment Forum in Oslo, Nyusi said “We refuse to be known just as a country that has a lot of resources. We want to be known as a country that grows and develops in an ...

The Assembly of the Republic yesterday approved, in general, a bill establishing a legal regime for using movable assets as security to fulfil obligations, and which also creates a central registry of collateral security. The approval of the law, according to the government, the proponent, increases the levels of access to credit by citizens, in addition to reducing the cost of personal credit. "The system will require citizens' redoubled ...

Thai Moçambique Logística (TML) has handed over to the DAR Group, a Dubai-based multinational engineering company, the supervision and inspection of the engineering project for the Macuze railway and port, which will include the participation of Portuguese construction company Mota- Engil. "Bringing in DAR as an engineering manager and inspector of the project, our confidence in the good execution of the project is complete," said José ...

The Administrative Court has ordered the National Social Security Institute (INSS) to comply with a contract it entered into with the construction company Nadhari Opway for a building in central Maputo which it has since taken possession of without complying with the terms of the contract between the parties. This is the building that is under construction along the Avenida Zedequias Manganhela next to the Desportivo de Maputo Sports Club ...

Millennium bim's People Grow programme is aimed at young talent in higher education institutions and aims to attract, welcome and integrate new professionals into Millennium bim's culture and market practices. Applications for the 4th edition of People Grow are open until 1 December. The programme lasts for 12 months from January 2019, with rotations through different areas of the group, and includes training at Millennium bim Academy ...

he Mozambican government has approved an additional investment of US$290 million in the port of Be by concession holder Cornelder de Moçambique (CdM), the China-Lusophone Brief (CLBrief) reported. The decree approves the terms of the addendum to the concession agreement signed in 1998 between Cornelder de Moçambique, a partnership between Cornelder Holding BV of the Netherlands and the state-owned Portos e Caminhos-de-Ferro de Moçambique ...

International Monetary Fund (IMF) staff currently in a mission in Maputo is updating Mozambique's macroeconomic framework and will also prepare the next update Debt Sustainability Analysis for the country, whose criteria currently prevent financial assistance to Mozambique. "An IMF mission is currently visiting Mozambique. Can it lay the groundwork for resuming financial assistance and does the new prospect of agreement with the country’s ...

Mozambican President Filipe Nyusi will travel on a state visit to Kenya next week, from 21 to 24 November, a source from the Confederation of Mozambican Economic Associations (CTA) told Lusa on Thursday. Nyusi will be accompanied by a business delegation including national entrepreneurs affiliated in the largest employers' confederation of the country. During the mission, Mozambique and Kenya are expected to consider building partnerships ...

The Netherlands is to make €2 million available to build 25,000 social houses in the Maraza neighbourhood in the city of Beira in Mozambique, the city mayor said on Thursday. "We want to create a sustainable development of architectonic and urbanistic projects in residential neighbourhoods," Daviz Simango said during the signing of the agreement in the city of Sofala. The Dutch ambassador in Mozambique, Henny de Vries said during the ...