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Tag: LUSA

Companies

Angola’s Demining Progress: Milestone Achieved with Challenges Ahead

April 3, 2025April 3, 2025 - by Liam Nguyen - Leave a Comment

Angola is nearing a milestone in its demining efforts, with two provinces expected to be declared free of mines by year-end. While major progress has occurred, with significant mine clearance, …

Angola’s Demining Progress: Milestone Achieved with Challenges Ahead Read More
Business / economics

Mozambique’s Income Tax Collections Rise Amid Economic Challenges in 2024

March 21, 2025March 21, 2025 - by Liam Nguyen - Leave a Comment

Mozambique’s income tax revenue increased by 4% to €2.226 billion in 2024, exceeding forecasts. Personal Income Tax and Corporate Income Tax showed significant contributions. However, the economy grew only 1.9%, …

Mozambique’s Income Tax Collections Rise Amid Economic Challenges in 2024 Read More
Business / economics

Second-Hand Clothing Industry: A Vital Economic Sector in Mozambique

March 21, 2025March 21, 2025 - by Sofia Nawab - Leave a Comment

The second-hand clothing sector in Mozambique provides over 200,000 jobs and supports one million people, emphasizing its role as a vital economic component. An average monthly income of $650 for …

Second-Hand Clothing Industry: A Vital Economic Sector in Mozambique Read More
Companies

TotalEnergies Nears Completion of $15 Billion Financing for Mozambique LNG Project

March 19, 2025March 19, 2025 - by Liam Nguyen - Leave a Comment

TotalEnergies is nearing completion of $15 billion financing for the Cabo Delgado LNG project, following Exim Bank’s support. The project, halted due to security threats since 2021, faces operational delays, …

TotalEnergies Nears Completion of $15 Billion Financing for Mozambique LNG Project Read More
Politics

Mozambique Police Use ‘Legitimate Means’ to Disperse Protesters Amid Unrest

March 18, 2025March 18, 2025 - by Marcus Chen - Leave a Comment

The Mozambican police utilize “legitimate means” to disperse protests, acknowledging potential injuries during actions to maintain public order. Officials stress the need for responsible protesting that does not infringe on …

Mozambique Police Use ‘Legitimate Means’ to Disperse Protesters Amid Unrest Read More
Business / economics

Mozambique Tax Authorities Enhance Debt Recovery Amidst Revenue Challenges

March 17, 2025March 17, 2025 - by Carmen Mendez - Leave a Comment

In 2024, Mozambican tax authorities recovered over 110.7 million meticais and executed nearly 250 seizures. Revenue collection, however, fell short of targets, totaling approximately 344,836 million meticais. The government implemented …

Mozambique Tax Authorities Enhance Debt Recovery Amidst Revenue Challenges Read More
Business / Companies / economics

Decline in Mozambique’s ATM Coverage Contrasts with Growth in Digital Wallet Services

March 17, 2025March 17, 2025 - by Allegra Nguyen - Leave a Comment

Mozambique’s ATM and POS coverage has declined for five consecutive years, currently standing at 7.4 ATMs and 190 POS terminals per 100,000 adults. However, digital wallet agents and Electronic Money …

Decline in Mozambique’s ATM Coverage Contrasts with Growth in Digital Wallet Services Read More
Global news

Mozambique Sees Rising Death Toll as Cyclone Jude Causes Extensive Damage

March 17, 2025March 17, 2025 - by Marcus Chen - Leave a Comment

Cyclone Jude has caused at least 14 deaths and 60 injuries in Mozambique. Major destruction includes 7,041 homes and 30 health units. Authorities are working on repairs, with funds estimated …

Mozambique Sees Rising Death Toll as Cyclone Jude Causes Extensive Damage Read More
Companies

Mozambique’s $110 Million Solar Power Investment in Gaza Province

March 13, 2025March 13, 2025 - by Carmen Mendez - Leave a Comment

A private Mozambican group plans to invest $110 million in a solar power plant in Gaza province, with a capacity of 95 MW. Collaborating with Electricidade de Moçambique, the project …

Mozambique’s $110 Million Solar Power Investment in Gaza Province Read More
Global news

Frelimo Advocates for Enhanced Assistance to Cyclone Jude Victims in Mozambique

March 13, 2025March 13, 2025 - by Carmen Mendez - Leave a Comment

Frelimo has urged the Mozambican government to enhance support for victims of Cyclone Jude, which has resulted in six fatalities and significant disruption to education and infrastructure. Meteorologists report the …

Frelimo Advocates for Enhanced Assistance to Cyclone Jude Victims in Mozambique Read More

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