Business
Mozambique is one of the main destinations for foreign direct investment on the African continent, mainly for exploration and exploitation of natural resources (forestry, mining, energy and fishing). Mozambique is also one of the top producers and exporters of electricity, rubies, graphite, coal and aluminium, and it also produces and exports significant quantities of fisheries produce and agricultural resources. Several international companies operate in the country, mainly Western, Chinese and South African. Telecommunications, financial, hotel and tourism services are widely available in Mozambique and can be found in any small or medium-sized town. The Government controls strategic sectors through state-owned companies, including the management of ports, railways, airports, air transport services, and the supply of water and electricity. MOZ TIMES covers business in Mozambique, focusing on events with impact on investors and markets.
Mozambique Hires Alvarez & Marsal to Help Restore Public Finances Amid IMF Criticism
- IMF refused to grant new financing , demanding structural economic reforms - Contracted firm specialises in restructuring large, bankrupt...
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Jeffrey Sachs Volunteers to Support President Chapo’s Economic Progamme
By Paul Fauvet, in Addis Ababa Addis Ababa (MOZTIMES) - Mozambican President Daniel Chapo on Friday received the prominent United...
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SMEs Challenged to Integrate Technical Standards Into their Production Portfolio
By MOZTIMES Maputo (MOZTIMES) – Mozambique’s National Institute for Standardization and Quality (INNOQ) has called on small and medium-sized enterprises...
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Mozambique Anti-Corruption NGO Demands Explanation for Lifting of Gold Mining Suspension
By MOZTIMES Maputo (MOZTIMES) – The anti-corruption NGO, the Centre for Public Integrity (CIP), has demanded an explanation from the Defense...
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Cabo Delgado Power Restoration Budgeted at 20 Million Meticais
By MOZTIMES Maputo (MOZTIMES) – The Mozambican publicly owned electricity company, EDM, has announced that the restoration of the damaged pylon...
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Government Makes U-Turn On “13th Month”
By MOZTIMES Maputo (MOZTIMES) – The Mozambican government has changed its mind about paying the traditional end-of-year bonus to workers...
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Government Says it Cannot Pay “13th Month”
By MOZTIMES Maputo (MOZTIMES) – Mozambican Prime Minister Benvinda Levi confirmed on Wednesday that the government is unable to pay...
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Terrorism and Poor Infrastructure Damage Mozambique’s Trade with Tanzania
- Tanzania says it has completed preparations for the establishment of a One Stop Border Post at Negomano/Mtambaswala By Aurélio...
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TotalEnergies Loses Dispute Over Extending the Mozambique LNG Contract for 10 Years
- The French oil and gas giant wanted an extension twice as long as the period in which the LNG...
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Mozambique LNG Project Remains Frozen while Government Probes Force Majeure Spending
- Mozambique does not agree with the invoice for 4.5 billion US dollars submitted by TotalEnergies - The resumption of the...
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