economy

economy

COSATU Warns of Mozal Closure Threatening 27,200 Jobs

COSATU Warns of Mozal Closure Threatening 27,200 Jobs

Africa-Press - Mozambique. The Congress of South African Trade Unions (COSATU) has been deeply alarmed by news of a potential mothballing or...
Authorities Promise no Shortages during Festive Season

Authorities Promise no Shortages during Festive Season

Africa-Press - Mozambique. The Mozambican authorities have promised that there are sufficient supplies of basic goods and services throughout the country for...
Gold Surges Above $4,500 Amid Geopolitical Tensions

Gold Surges Above $4,500 Amid Geopolitical Tensions

Africa-Press - Mozambique. Gold rose to a record $4,525.96 an ounce on Wednesday, rising around 1% amid concerns over rising US-Venezuela tensions...
Cornelder De Moçambique Acquires New Cranes for Beira

Cornelder De Moçambique Acquires New Cranes for Beira

Africa-Press - Mozambique. Cornelder de Moçambique is set to acquire two new high-capacity Ship-to-Shore (STS) cranes to bolster operations at the Beira...
CTA calls on government to avoid closure of Mozal

CTA calls on government to avoid closure of Mozal

What You Need to Know The Confederation of Business Associations (CTA) in Mozambique has urged the government to prevent the closure of the Mozal aluminium...
Mozambique Launches First Mobile Phone Assembly Plant

Mozambique Launches First Mobile Phone Assembly Plant

What You Need to Know Mozambique has launched its first mobile phone assembly plant at Beluluane Industrial Park, marking a significant step towards local electronics...
Inamar Leadership Changes: Mondlane Replaced by Albino

Inamar Leadership Changes: Mondlane Replaced by Albino

Africa-Press - Mozambique. Isaías Mondlane is no longer chairman of the board of the National Institute of the Sea (INAMAR). His dismissal...
Precious Metals Reach Records Amid Price Fluctuations

Precious Metals Reach Records Amid Price Fluctuations

Africa-Press - Mozambique. Precious metals hit new records this week, with gold reaching as high as $4,420.3 and silver $69.5 per pound,...
EDM in Zambezia Suffers Four Million Meticais Losses

EDM in Zambezia Suffers Four Million Meticais Losses

Africa-Press - Mozambique. The Mozambican publicly owned electricity company, EDM, in the central province of Zambezia, suffered losses of 3.8 million meticais...
426 cases of money-laundering processed, says Chapo

426 cases of money-laundering processed, says Chapo

Africa-Press - Mozambique. The Mozambican authorities processed 426 cases of money laundering between January and November this year, according to President Daniel...