Category Archives: Business

Mozambique: Pensions Put State Budget Under Pressure

Maputo — The Mozambican Ministry of Economy and Finance wants to “restructure” the country’s pension system, because pensions are now putting the state budget under pressure, reports Monday’s issue of the Maputo daily “Noticias”.The Ministry is worried…

Mozambique: Nyusi Launches Integrated Agricultural Survey

Maputo — Mozambican President Filipe Nyusi on Tuesday launched in Maputo an Integrated Agricultural Survey, which will collect and process data on the value chain of agricultural activity, and food and nutritional security.The survey will be carried ou…

Mozambique: Defence Forces Repel Terrorist Attack Against Bilibiza

Maputo — Mozambican President Filipe Nyusi on Friday announced that, on the previous day, the defence and security forces had repelled a terrorist attack against the small town of Bilibiza in the northern province of Cabo Delgado.Speaking at the Monume…

Mozambique: Beira Fishing Port Able to Store Produce for a Year

Maputo — The new Beira fishing port, inaugurated in October 2019, will receive as from this month large tonnage ships that can discharge fresh fisheries produce from other countries, reports Monday’s issue of the independent daily “O Pais”.The director…

Mozambique: Tobacco Company Reduces Prodution

Maputo — Mozambique Leaf Tobacco (MLT) plans to reduce its tobacco production in the northern province of Niassa, in the next agricultural campaign, because of the added difficulties of selling tobacco during the Covid-19 pandemic.Cited in Wednesday’s …

Mozambique: Businessman Released After Huge Ransom Paid

Maputo — A gang who kidnapped Mozambican businessman Artur Magaia on 11 August released him on Tuesday – but only after receiving a ransom of over a million US dollars, according to a report in Wednesday’s issue of the independent daily “O Pais”.Magaia…