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Mozambique’s income tax revenues rose 4% in 2024 to €2.226 billion, surpassing expectations. Personal Income Tax reached €900 million, and Corporate Income Tax totaled €1.321 billion. Despite these increases, economic …
Mozambique’s Income Tax Revenue Growth Amidst Economic Challenges in 2024 Read More
A recent study highlights the importance of the second-hand clothing sector in Mozambique, emphasizing its role in creating over 200,000 jobs and supporting one million people. The sector provides substantial …
Second-Hand Clothing Sector: A Vital Economic Engine for Mozambique Read More
TotalEnergies is close to completing $15 billion in financing for its LNG project in Cabo Delgado, Mozambique, following a critical endorsement from the US Exim Bank. The project remains suspended …
TotalEnergies Approaches Completion of $15 Billion Financing for Mozambique LNG Project Read More
The Mozambican police assert they use legitimate means to disperse protests, acknowledging potential injuries. They emphasize the need for public order to support access to essential services. The ongoing unrest …
Mozambique Police Employ ‘Legitimate Means’ for Protest Dispersal Read More
In 2024, Mozambique’s tax authorities recovered over 110.7 million meticais in debts and conducted 246 seizures. However, the total state revenue was only 89.9% of the planned target, reflecting challenges …
Mozambique Tax Authorities Enhance Debt Recovery Amidst Revenue Challenges Read More
The number of ATMs in Mozambique has fallen for the fifth year in a row, now at 7.4 per 100,000 adults, while the number of EMIs and their agents is …
Declining ATM Numbers in Mozambique Amid Growing Digital Financial Services Read More
Cyclone Jude has resulted in 14 confirmed deaths, 60 injuries, and extensive damage in Mozambique. Additionally, 7,041 houses were destroyed, and key infrastructure including roads and health units was significantly …
Mozambique Cyclone Jude: Death Toll Reaches 14 Amidst Widespread Destruction Read More
A private Mozambican group is investing $110 million in a solar power plant in Gaza province, with a planned capacity of 95 MW. This initiative is part of the country’s …
Mozambique’s $110 Million Solar Power Plant Investment in Gaza Province Read More
FRELIMO has called on the Mozambique government to bolster assistance for victims of Tropical Cyclone Jude, which caused six deaths and extensive damage across several provinces. The cyclone has also …
FRELIMO Urges Increased Government Support for Cyclone Jude Victims in Mozambique Read More
Tropical Cyclone Jude has caused power outages for over 272,000 customers in Nampula province, with severe damage to electricity infrastructure. Six fatalities and thousands affected have been reported. The cyclone, …
Tropical Cyclone Jude Causes Widespread Disruption in Mozambique Read More