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Mozambique to Set Mandatory Retail Profit Margins on Basic Foods
Mozambique’s government has approved legislation to set profit margins for retailers at between 10 percent and 25 percent, local reports suggest on Wednesday.
India And Mozambique Agree to Work Together to Make the Indian Ocean a Safer Place
India and Mozambique have agreed to work together on the issue of maritime security so as to make Indian Ocean a safe region for maritime trade. This was agreed to during the delegation level talks between the visiting Minister of National Defence of...
Children Suspected of Being Trafficked in South Africa for Illegal Mining Operations
Children from neighboring countries are allegedly being trafficked by syndicates to work illegally in South African mines, reports indicate Monday. Out of the 355 illegal miners arrested in December at the Fairview Goldmine at Barberton in Mpumalanga...
Mozambique Abandons Malawi-Indian Ocean River Route Project
Mozambique has shelved a Malawian-backed project to revive a river route between Malawi and the Indian Ocean, along the Shire and Zambezi Rivers, Radio Mozambique reported on Tuesday. The national broadcaster quoted Foreign Affairs Minister Oldemiro Baloi...
Brazil Commits $300m to Support Infrastructure in Mozambique
Brazil has committed itself to support the development of its infrastructure in Mozambique, including the transformation of the Nacala airbase into an international airport and the construction of a coal berth at Port Beira in the Central Sofala province,...
African Union Observer Chief Says Mozambique Elections Credible
Chief of the observant mission of the African Union (AU) Roberto Almeida has said that the recently concluded elections in Mozambique were credible and carried out in line with the Constitution and laws of the country. Assessing the development of presidential,...
Mozambique And Brazil Sign $1.2 Billion Railway Line Deal
Mozambique´s INSITEC, a shareholder in the companies developing the northern Nacala Corridor and Brazil´s mining giant, Vale have signed a protocol of intent to develop the Nacala logistics corridor in the northern Nampula province with a in investment...
India Approves $30m Loan for Mozambique
The Export-Import Bank of India has approved a $30 million loan to Mozambican companies to finance goods and services imported from India for the country’s rural electrification projects.
