Gas runs freely again at filling stations across Tete city. Drivers feel happy about this change after facing hard times. They hope the fuel keeps flowing without more problems. For almost fourteen days, people struggled with empty pumps and missing gas supplies. The shortage hit regular gas the hardest during this time.
Cars lined up for hours at stations that still had fuel. Many drivers waited up to two hours just to fill their tanks. Things look much better today as most private stations sell regular gas once more. The supply chain seems fixed for these businesses around town. Station managers report they have plenty of gas to meet everyone's needs.
These stations claim enough backup supplies to last at least fourteen days ahead...
Absa Bank Mozambique earned more money last year than ever before. Their profits jumped 14.1% to 1,852 million meticais, which equals about 26.2 million euros. This beats the old record they set in 2023, when they made 1,620 million meticais, or 22.9 million euros. The bank grew faster than others in collecting money from customers. People trusted them with 25.2% more cash than before.
Money saved in accounts reached 69,111 million meticais, almost 980 million euros. Loans to customers also went up by 9.6%, hitting 28,319 million meticais, about 401 million euros. The bank leader, Pedro Carvalho, feels proud of these numbers. He says they broke all records in the bank's history. They attracted more savings, handed out more loans, and...
Mozambique's central bank just changed the rules for companies that sell things overseas. These businesses must swap half their foreign money into local cash instead of just thirty percent as before. This helps fix a big problem where many firms cannot find dollars to buy what they need. The bank wants more foreign cash to flow through local markets during hard times. This rule stays active for the next year and a half.
Business groups begged for help because they faced serious trouble. Last month, sixty-three different companies told leaders they couldn't pay their bills for materials and goods from other countries. Some waited over six months for banks to give them foreign money. Gas stations across Mozambique ran empty when fuel...
Mozambique plans to fly drones across the country to watch for bad weather. The government shared this plan on Thursday. These flying machines will help spot storms early. This matters because weather disasters hurt many people there each year. Américo Muchanga, who runs the technology department, believes these tools can save lives.
Four drones will come from South Korea soon. One works just for training people. The others will map large areas during emergencies. These machines send back pictures right away, which helps rescue teams know where to go. The African Development Bank paid for this project. They want Mozambique to handle disasters better than before. Local weather experts will learn how to fly these machines starting next...
America plans to invest a lot of money in Congo. They want to dig up the valuable rocks under the country's ground. The top Africa helper for President Trump went there Thursday to discuss this big plan. Congo needs help because rebel fighters from Rwanda keep taking parts of the east side of the country. These rebels have grabbed large pieces of land this year.
America shocked many countries Wednesday by saying it would add extra costs to things people sell them. Last month, it said it might trade protection for Congo's special minerals. A Congo lawmaker asked them about this deal first. Mr. Boulos, the US helper, met with Congo's President Tshisekedi. They agreed on how to move ahead with the deal.
Nobody has shared exactly what...
Simon Baloy sees good things ahead for his company in Mozambique. The Sasol boss is happy about the new peace deal President Daniel Chapo signed with nine political groups on March 5. The country's lawmakers just made this agreement an official rule yesterday.
Baloy talked to news people after meeting President Chapo in Maputo. He said all business partners notice how things have become more stable. Everyone wants to keep helping build up the country. They faced some hard times before, but the president has brought calm back. This makes doing business much easier for everyone involved.
The better peace lets Sasol start its next big plan soon. They will change gas from the Inhassoro district into power at the Temane plant. Mozambique...
A big space rock might crash into the Moon, say space experts. The James Webb Space Telescope checked this rock last month and found it has almost a four percent chance of hitting our Moon. This asteroid scared people back in February when scientists thought it could hit Earth. Back then, they gave it a 3.1 percent chance of smashing our planet - the highest risk ever measured for any space rock. After looking further, they ruled out Earth as a target, but the Moon faces danger on December 22, 2032.
The rock keeps looking more likely to strike the Moon as scientists watch it closer. NASA said Thursday there remains a 96.2 percent chance the asteroid will miss the Moon completely. Richard Moissl from the European Space Agency agrees...
BP will start looking for a new chair, as Helge Lund plans to leave his job around 2026. The company made this announcement under pressure from Elliott, a big money group that wants BP to change more. Elliott holds almost 5% of BP shares. Lund had backed the old plan from 2020 that wanted BP to make less oil and gas, cutting output by 40% this decade. This plan hurt BP's stock prices compared to other big oil companies like Shell and Exxon.
The company has already moved away from that plan bit by bit. Bernard Looney first created that strategy but left BP in 2023 after not telling anyone about his relationships with people at work. The new boss, Murray Auchincloss, said in February that BP would focus more on oil and gas again. Some...
India's leader met with Bangladesh's new leader for the first time since last year. They talked at a big meeting in Bangkok on Friday. The Bangladesh press office shared this news. These two countries used to be close friends when Sheikh Hasina ran Bangladesh. But things changed after she ran away last August. Students led huge protests against her, forcing her to leave. She went to India for safety.
Muhammad Yunus runs Bangladesh right. He won a Nobel Peace Prize before taking charge. He sat down with Prime Minister Modi during the BIMSTEC gathering in Thailand. Many other nearby countries joined this meeting. Thailand, Myanmar, Nepal, Sri Lanka, and Bhutan all came. Many people in Bangladesh feel angry at India because they let...
