Samuel Maimbo from Zambia asked President Daniel Chapo yesterday for Mozambique's backing in his run for African Development Bank leadership. Maimbo met with Chapo and promised to push money toward roads, farming, and business - areas where Mozambique already shines bright. Maimbo believes Mozambique has growth chances that his home country lacks, fitting perfectly with what he wants to do at the bank. He talked about the three harbors that could help create farm transport paths, bringing real cash benefits to everyone. Maimbo loves the Mozambican people most of all.
He called them warm, dedicated, and hardworking people he enjoyed working with before. He feels sure Mozambique will become a key player across the entire region soon. He...
The Competition Authority will teach law teachers and students about fair market rules. Yesterday, in Maputo City, they signed a deal with Eduardo Mondlane University. Both groups want better training for law students and working lawyers and aim to spread knowledge about how competition laws work in real life. The deal marks a big step for legal education in Mozambique.
The Authority promised to send teachers and provide books for this training. They agreed to work together on research about market rules. Students and lawyers will find important papers much easier to access. The Authority plays a key role in making business fair across Mozambique. Their help will make a real difference to law education.
Their main task is making sure...
Three students died when a boat sank on Thursday on the Colovane river near Dondo. Two more students remain missing after the accident. All came from the Institute of Marine Sciences and Fisheries. These young people took part in hands-on learning when their small craft went under the water. Only one person made it back to shore safely from the boat that carried six people total.
Fire Brigade speaker Fernando Faria told reporters about the terrible event. He blamed the unsafe boat for what happened. The students rode in a handmade canoe that gave them no protection at all. Faria said the boat simply could not keep them safe on the water. Search teams have not stopped looking for the last two bodies since the accident happened. Everyone...
Business leaders want the government to change the rules about buying things. The group called CTA asked officials to look at Decree 79/2022 right away. They believe the current system makes buying goods and services harder than needed. Their idea focuses on making everything clear, easy, and less paper-heavy for companies that sell to the government.
CTA suggested everyone use one website for all government deals—the Single Portal. They also asked for regular checks with feedback from businesses to fix any problems. The head of CTA, Agostinho Vuma, talked about these ideas when the new GEPRES system started working in Maputo last Wednesday.
Vuma pointed out several big problems that might hurt the new system. Many government workers...
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...
