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Mozambiquehub

StarTimes brings digital television to northern Mozambicans

22 May 2020
StarTimes of China has finished a project to bring digital television broadcasts via satellite to 20,000 households in 1,000 villages in the northern Mozambican province of Cabo Delgado, Xinhua reports. The Chinese government-run news agency quotes Mozambican Minister of Transport and Communication Janfar Abdulai as saying after inspecting the outcome that the project created about … Continue reading "StarTimes brings digital television to northern Mozambicans"

Greater role for Macao in international engagement envisaged

19 May 2020
A new reference document says economic engagement by China and the Portuguese-speaking world can help develop the Guangdong-Hong Kong-Macao Greater Bay Area, the People’s Daily reports. The Chinese Communist Party newspaper says the document is the Sino-Lusophone Economic and Trade Cooperation Blue Book, published jointly by the Chinese Academy of International Trade and Economic Cooperation, … Continue reading "Greater role for Macao in international engagement envisaged"

Chinese bank finances Mozambican infrastructure

15 May 2020
The Export–Import Bank of China provided 7.8 billion meticais (about US$114.3 million) in 2018 for the construction or repair of roads and ports in Mozambique, O País reports. The Mozambican newspaper says the country’s 2018 General State Account shows 6.8 billion meticais went to Empresa de Desenvolvimento de Maputo Sul EP to pay for construction … Continue reading "Chinese bank finances Mozambican infrastructure"

China Molybdenum sending home copper, cobalt via Mozambique

8 May 2020
A spokesperson for China Molybdenum Co. Ltd says the mining firm is now shipping to China copper and cobalt it mines in the Democratic Republic of Congo through ports in Mozambique, Tanzania and Namibia, Reuters reports. The news agency says the company can no longer ship the output of its Tenke Fungurume copper and cobalt … Continue reading "China Molybdenum sending home copper, cobalt via Mozambique"

Permanent Secretariat of Forum Macao organised donation of personal protection equipment to Portuguese-speaking Countries United to overcome challenges, solidarity in combating the epidemic

8 May 2020
In light of the global Covid-19 pandemic, the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao) has donated face masks and medical protective suits to eight member countries of the Forum to help them cope with the epidemic. On 4 May, the Permanent Secretariat, in partnership with … Continue reading "Permanent Secretariat of Forum Macao organised donation of personal protection equipment to Portuguese-speaking Countries United to overcome challenges, solidarity in combating the epidemic"

BNU and ICBC (Macau) jointly promote business between China and the Portuguese-speaking countries

29 April 2020
The Banco Nacional Ultramarino bank and the Industrial and Commercial Bank of China (Macau) signed a memorandum of understanding for the joint promotion of business between China and the Portuguese-speaking countries, according to a statement issued by the issuing bank.

No date set for 6th Ministerial Conference of Forum Macau

28 April 2020
The date to hold the 6th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and the Portuguese Speaking Countries has yet to be set, the Secretary for Economy and Finance of the Government of Macau said on Monday.

MRM is the second company in the mining sector to contribute most to Mozambique’s tax revenues

28 April 2020
Montepuez Ruby Mining (MRM) is the second company in the mining sector to have paid most in taxes to the Mozambican state, consecutively, in 2017 and 2018, according to the 8th report of the Extractive Industries Transparency Index (EITI).

Mota-Engil Group secures contract for natural gas project in Mozambique

28 April 2020
Mota-Engil África signed, as part of a 50/50 partnership with BESIX, a Belgian company specialising in maritime projects, a contract that is part of the project for extraction of natural gas in Mozambique, in the province of Cabo Delgado, Portuguese group Mota-Engil said in a market statement.

Bank of Mozambique extends deadline for liquidation of Nosso Banco for 90 days

28 April 2020
The Bank of Mozambique decided to extend, on an exceptional basis, the period of liquidation of the Nosso Banco bank, for a period of 90 days from the date of the end of the state of emergency (30 April), according to a statement issued by the Central Bank on Monday in Maputo.

IMF grants a US$309 million loan to Mozambique

27 April 2020
The International Monetary Fund (IMF) has provided Mozambique with a loan of US$309 million, under the Rapid Credit Facility, to help the country overcome the urgent needs of the balance of payments and tax resulting from the Covid-19 pandemic, the IMF said.

Mozambican government spends US$13 million on construction fuel stations

24 April 2020
The government of Mozambique will spend 900 million meticais (US$13.3 million) in the construction of 30 fuel stations in the north, centre and south of the country, in the current five-year period, said the chairman of the National Energy Fund (Funae).

European Union helps Mozambique to recover from cyclones Idai and Kenneth

23 April 2020
The European Union (EU) has contributed over 34.3 million euros to a joint fund intended to help Mozambique to recover from cyclones Idai and Kenneth in 2019, under a financing agreement signed in Maputo with the United Nations Development Programme (UNDP), according to a statement released on Wednesday.

Mozambique’s president approves State Budget for 2020

23 April 2020
The President of Mozambique, Filipe Nyusi on Wednesday approved and the bill for the 2020 State Budget and sent it out for publication, thus approving the Economic and Social Plan, said the President of the Republic in a statement issued in Maputo.

Banco Comercial e de Investimentos is the most systemically important credit institution in Mozambique

22 April 2020
Banco Comercial e de Investimentos (BCI) is Mozambique's systemically most important credit institution, followed by Millennium BIM and the Standard Bank, said the Bank of Mozambique on publishing the classification of banks operating in the country based on this indicator.

Hengqin Island has a role to play in China’s relationship with Portuguese-speaking countries

21 April 2020
The island of Hengqin will contribute to solving the problem of lack of space and resources in Macau, allowing it to better perform its role as a platform between China and Portuguese-speaking countries, the Macau government said in the 2020 Lines of Government Action.

Mozambique plans to manage resources for combating Covid-19 with transparency, minister says

20 April 2020
(CN) 莫桑比克经济和财政部长Adriano Maleiane在他宣布开设一个特别帐户以存放资金时，告诉国会议员，为打击Covid-19大流行，将以透明度管理财政资源。

Trade between China and Portuguese-speaking countries falls 9.37% in first two months of the year

17 April 2020
The value of trade between China and the Portuguese-speaking countries posted a drop of 9.37% year-on-year in January and February to US$21.374 billion, according to official Chinese figures released by Forum Macau.

US$15 million saved in Mozambique’s debt servicing pardon will be used to combat Covid-19

17 April 2020
The recent debt servicing pardon granted to Mozambique by the International Monetary Fund (IMF) and worth approximately US$15 million will be directed to combating Covid-19, but the high needs of the economy may lead to greater pressure on public spending, said the Bank of Mozambique.

Pandemic leads to suspension of negotiations on minimum wages in Mozambique

17 April 2020
The Ministry of Labour and Social Security, employers and employees in Mozambique decided to suspend tripartite negotiations to adjust national minimum wages by sectors of activity, due to the Covid-19 outbreak in the country, the local press reported.
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