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Economy

Mozambique: World Bank cuts support to Disaster Management Fund

01, Dec 2022 331 Views

The World Bank has suspended its support for the Disaster Management Fund (FGC), which is operated by the Mozambican government’s National Disaster Risk Management Institute (INGD). According to a report in Wednesday’s issue of the independent newssheet “Carta de Mocambique”, the World Bank took this measure after discovering that over 32.5 million meticais (about 508,000 US dollars, at the current exchange rate) had been diverted from the fund for improper purposes in 2020. The World Bank informed the Minister of Economy and Finance, Max Tonela, of the suspension in August, warning him that the Bank will not resume its support until all the missing money is returned to the FGC. The Bank’s letter to Tonela said that the FGC spent money on items that are not eligible for support from the fund. These included more than 18 million meticais spent on purchasing vehicles, 13 million on water and sanitation infrastructures, and 1.5 million on building a bridge over the Muecate river in Nampula province. But the ministerial diploma approving the manual of administrative procedures for the FGC states that its funds cannot be used to buy vehicles or to finance public building works. For year three of the FGC, the World Bank had pledged five million dollars. That money will not be forthcoming until the INGD presents an acceptable plan to guarantee the strengthening of acquisitions by the Fund for the prevention of possible future irregularities. “Carta de Mocambique” adds that to date no such plan has yet been presented. READ: Mozambique: INGD needs 112 million euros to cover deficit for this rainy season Source: AIM

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18, Nov 2022 291 Views
Others

Belgium helps energy transition in Mozambique with 25 million euros

18, Nov 2022 365 Views
Economy

Port of Maputo: Anti-smuggling measures reinforced – Notícias

18, Nov 2022 314 Views
Economy

Mozambique: Ministers on work mission in Japan

21, Nov 2022 387 Views
Economy

Mozambique: Repositioning and search for viability at Tmcel – MediaFax

21, Nov 2022 401 Views
Economy

Mozambique: Ministers on working visit to Japan

21, Nov 2022 310 Views
Economy

Mozambique: Single-digit inflation by the second quarter of 2023 – Oxford Economics Africa

21, Nov 2022 359 Views
Business

Mozambique: Nyusi invites Finnish businesses to invest – AIM report

21, Nov 2022 317 Views
Economy

Mahindra to invest 250 million meticais in Mozambique expansion

21, Nov 2022 784 Views
Economy

Mozambique-eSwatini passenger rail service restored

21, Nov 2022 334 Views
Economy

Rehabilitation and expansion of Nacala dam: Tender soon to be launched

21, Nov 2022 335 Views
Business

Nyusi invites more Portuguese businesses to invest in Mozambique

21, Nov 2022 416 Views
Economy

Between Mueda and Negomano: 1,000 meticais per passenger for a 170km journey

21, Nov 2022 363 Views
Tourism

Mozambique: Minister inaugurates Marracuene – Macaneta road – Watch

21, Nov 2022 384 Views
Economy

Mozambique: Funds available to complete paving of Nampula-Niassa road | AIM

22, Nov 2022 407 Views
Agribusiness

Mozambique: Nyusi launches 2022/2023 agricultural campaign – Watch

22, Nov 2022 248 Views
Economy

Mozambique: IMF approves review of financial adjustment programme, releases $60M

22, Nov 2022 317 Views
Economy

MF to disburse $59 mln to Mozambique after loan review

22, Nov 2022 333 Views
Economy

Mozambique met all program performance of IMF’s assessment – Further Africa

22, Nov 2022 281 Views
Economy

Mozambique seeks Japanese support to set up weather radars

22, Nov 2022 331 Views
Economy

Mozambique: Government announces TSU ‘arrangement’ – A Verdade

22, Nov 2022 515 Views
Economy

Mozambique: Doctors remain dissatisfied with TSU, strike still scheduled for December – O País

22, Nov 2022 399 Views
Economy

Mozambique: Debt sustainable even without TotalEnergies – IMF

23, Nov 2022 295 Views
Economy

‘Marked improvement’ in security in Mozambique’s north -IMF

23, Nov 2022 392 Views
Business

Watch: Standard Bank Mozambique appoints Esselina Macome as Chair of the Board of Directors

23, Nov 2022 598 Views
Agribusiness

Mozambique: Manica to export 400 tons of organic lychees to Europe this year – Photos

23, Nov 2022 449 Views
Business

Nyusi opens Inhassoro Professional Training Centre, defends partnerships with productive sector

23, Nov 2022 459 Views
Economy

Mozambique: PM, Minister Moreno in Niger for AU Industrialisation Summit

23, Nov 2022 320 Views
Business

Sasol Mozambique delivers Inhassoro Professional Training Centre – Photos

23, Nov 2022 565 Views
Economy

South Africa wants equitable management of water resources shared with Mozambique

24, Nov 2022 483 Views
Others

Mozambique: Specific regulations needed for off-grid energy production

24, Nov 2022 294 Views
Others

Mozambique: Eni discussing second offshore LNG platform with government

24, Nov 2022 337 Views
Others

Mozambique kicks off tender for 60 MW of solar

24, Nov 2022 274 Views
Others

The government of Mozambique aims to develop two 30 MW projects in northern and west-central regions

24, Nov 2022 393 Views
Others

Mozambique: A step forward in promoting extractive industries transparency

24, Nov 2022 268 Views
Others

South Africa’s Eskom says Mozambique’s EDM owes it R1 billion

24, Nov 2022 432 Views
Others

Mozambique: Nyusi announces first export of LNG from Cabo Delgado – Watch

24, Nov 2022 321 Views
Others

Altona Rare Earths signs short-term loan to fund Mozambique project costs

24, Nov 2022 289 Views
Others

Mozambique: Belgium announces €25M for renewables – Lusa

24, Nov 2022 391 Views
Others

Zimbabwe’s Zesa bids to build 1 500MW hydropower plant in Mozambique – report

24, Nov 2022 391 Views
Business

Mozambique: Entrepreneurship in combating terrorism

24, Nov 2022 295 Views
Economy

Mozambique | State’s real estate: More than 80% is not regularised – Carta

24, Nov 2022 465 Views
Business

CoWork Lab celebrates 10 years in Mozambique

24, Nov 2022 373 Views
Others

President announces reinforcement of military security cordon in the north of Cabo Delgado – RM

25, Nov 2022 288 Views
Business

Mozambique: Medimoc and Teuto resume partnership – Media Release

25, Nov 2022 407 Views
Economy

Mozambique: Parking for 400 trucks at Port of Matola next year

25, Nov 2022 343 Views
Business

Mozambique cannot abstain from industrialisation – Minister Moreno in Niamey

25, Nov 2022 245 Views
Economy

Mozambique: Government bans IMF financial report – AIM report

25, Nov 2022 293 Views
Tourism

Beira airport modernisation: Mozambique mobilises Japanese investment

25, Nov 2022 419 Views
Economy

‘Chiefs’ get double the base salary they had before the TSU in Mozambique – A Verdade

25, Nov 2022 427 Views
Agribusiness

Mozambique | The cashew stalemate conundrum

25, Nov 2022 348 Views
Economy

Gas-exporting Mozambique is a cautionary tale in the loss and damage fight – Bloomberg

25, Nov 2022 308 Views
Agribusiness

Cashew marketing may yield US$87 million gross income for farmers – Noticias

25, Nov 2022 306 Views
Others

Mozambique: EDM announces record in new connections

28, Nov 2022 366 Views
Business

Mozambique: Private companies must pay up to 1% of their monthly payroll to fund professional educa

28, Nov 2022 367 Views
Business

Mozambique: Companies surprised by approval of law that obliges them to contribute to professional

28, Nov 2022 285 Views
Economy

Mozambique: Interest rate of 17,25% in 2023, metical up 3.1% – consultants

28, Nov 2022 402 Views
Others

Mozambique: Tete Governor delivers DUATs in Ndaula, Dómuè

29, Nov 2022 495 Views
Business

Mozambique: MSMEs cannot pay what credit institutions ask for

29, Nov 2022 276 Views
Business

Mozambique: 50 young Maputo entrepreneurs receive 1.5 million meticais each

30, Nov 2022 460 Views
Economy

Mozambique re-opens key port in restive gas-rich north | Watch

30, Nov 2022 287 Views
Others

Mozambique could reach over 500 MW of electricity from renewable sources – Watch

30, Nov 2022 353 Views
Economy

Mozambique: Government unsure of whether to pay new year bonus – AIM

30, Nov 2022 273 Views
Economy

Venezuela and Mozambique promote “strategic” cooperation in the space area

30, Nov 2022 311 Views
Economy

Mozambique | TSU: Doctors firm to carry out the strike as from Monday – Carta

30, Nov 2022 405 Views
Others

Mozambique: ‘Casas da Katembe’ works enter final stage

01, Dec 2022 478 Views
Others

15 years after HCB reversion to Mozambique, still little benefits for Mozambicans – A Verdade

01, Dec 2022 444 Views
Economy

Mozambique: Port of Maputo begins maintenance: dredging of access channel

01, Dec 2022 390 Views
Economy

Mozambique: Economy slowed down in Q3 – central bank

01, Dec 2022 265 Views
Economy

Bank of Mozambique keeps MIMO at 17.25%

01, Dec 2022 317 Views
Economy

Mozambique: Parliament will spend 3.1 billion meticais next year – Notícias

01, Dec 2022 355 Views
Economy

Mozambique: EMOSE wins contract to provide disaster insurance – Carta

01, Dec 2022 439 Views
Business

CPLP: New head of business confederation calls for development bank

02, Dec 2022 277 Views
Economy

Mozambique: Government seeking reform of Tmcel and LAM – AIM

02, Dec 2022 327 Views
Economy

Mozambique: Central Bank holds monetary policy interest rate steady – AIM report

02, Dec 2022 314 Views
Economy

Mozambique: Prime rate rises from 22.5% to 22.6% in December

02, Dec 2022 399 Views
Economy

Mozambique: Sweden and ILO sign Mou on MozTrabalha, fase II

02, Dec 2022 438 Views
Economy

INAE proposes incineration of smuggled alcoholic beverages and their means of transport – O País

02, Dec 2022 353 Views
Others

Mozambique: NGO warns that oil and gas sector is vulnerable to corruption

05, Dec 2022 334 Views
Others

Mozambique: Nyusi inaugurates heavy sands project in Chibuto – Watch

05, Dec 2022 469 Views
Economy

Mozambique and SA commit to moderating dam discharges to avoid floods

05, Dec 2022 379 Views
Economy

NGO accuses Bank of Mozambique of lack of transparency in the management of Covid-19 funds

05, Dec 2022 307 Views
Economy

US Exim Bank to host presidents of Angola, Mozambique at its annual conference

08, Dec 2022 287 Views
Tourism

Mozambique: LAM ensures scheduled flights

08, Dec 2022 310 Views
Economy

Government of Maputo Province has no money to build bridge over the Umbeluzi in Boane

08, Dec 2022 361 Views
Business

Mozambique: Sale of vehicles / payment in cash increases risk of money laundering – AIM report

08, Dec 2022 456 Views
Business

Mozambique and Pakistan sign MoU on trade and investment

08, Dec 2022 366 Views
Economy

Port of Maputo increases cargo handling to more than 26 million tons this year

08, Dec 2022 505 Views
Tourism

Mozambique: President launches new eVISA system

08, Dec 2022 302 Views
Tourism

Mozambique launches eVISA platform – AIM report

08, Dec 2022 290 Views
Tourism

Mozambique: Flag-carrier in ‘alarming situation’ – CIP

08, Dec 2022 371 Views
Economy

Cooking gas reduces by about 7 meticais

19, Dec 2022 416 Views
Others

Maputo river flow is above alert level

19, Dec 2022 416 Views
Economy

Gaza awards more “Made in Mozambique” stamps

20, Dec 2022 354 Views
Economy

TO INCREASE PRODUCTIVITY: Brazil promises to transfer agricultural technology to the country

20, Dec 2022 300 Views
Others

CityLink suspended conveyor

20, Dec 2022 468 Views
Tourism

Tourism projects ambitious goals with e-Visa

21, Dec 2022 302 Views
Economy

BY THE PUBLIC PROSECUTION OFFICE, IN SOFALA: Chinese investor accused of money laundering

21, Dec 2022 297 Views
Economy

Mozambique among countries with high risk of money laundering

27, Dec 2022 373 Views
Economy

Mozambique among countries with high risk of money laundering

27, Dec 2022 340 Views
Economy

Mozambique's biggest supplier is the United Arab Emirates

27, Dec 2022 421 Views
Economy

HCB will have a loan of 100 Euros for rehabilitation

28, Dec 2022 318 Views
Others

Stewart Sukuma is an honorary citizen of Quelimane

28, Dec 2022 471 Views
Economy

Exports generate six million dollars in 2022

28, Dec 2022 339 Views
Economy

HCB will have a loan of 122 million Euros for rehabilitation

29, Dec 2022 300 Views
Economy

IMF predicts that a third of the world economy will be in recession this year

03, Jan 2023 277 Views
Economy

MOVEMENT IN THE FESTIVE QUADRA: Tourism revenues grow by 200 million meticais 2 days ago

05, Jan 2023 392 Views
Economy

Accountants say the 1% VAT reduction is insignificant

05, Jan 2023 252 Views
Economy

Mabote district will produce more than six thousand tons of cashew nuts

05, Jan 2023 424 Views
Economy

TSU: Commission proposes reduction of salaries and benefits of leaders and sovereign bodies

11, Jan 2023 437 Views
Economy

Reduces gas produced and exported by Mozambique

11, Jan 2023 409 Views
Economy

DDR creates risks in public financial management in 2023

11, Jan 2023 416 Views
Economy

AT president calls on tour operators to pay taxes

12, Jan 2023 299 Views
Economy

Internal production helped control prices at parties

12, Jan 2023 398 Views
Others

There is a risk of cholera outbreak in Maputo City

12, Jan 2023 365 Views
Economy

Nyusi invites G-20 economies to invest in industrialization

16, Jan 2023 317 Views
Economy

Mozambique gains new informal digital market

16, Jan 2023 568 Views
Economy

Electricity production expected to drop 12% this year

16, Jan 2023 320 Views
Others

There is evidence for extradition to Mozambique of kidnapping mastermind arrested in South Africa

17, Jan 2023 446 Views
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