The Lassola textile company, formerly Africa Textil, began operating on Wednesday to manufacture towels, sheets and blankets, after a stoppage period of 16 years, Angolan news agency Angop reported.
The factory located in the city of Benguela, which employs 220 workers, will produce 1.2 million towels, 1.6 million sheets and 120,000 cotton blankets a year.
The industrial director of Lassola, Yashima Moto, said that in … More
Mozambique’s Parliament on Thursday approved a law prohibiting the export of timber logs and establishing a value added tax, which varies depending on the level of processing carried out in the country, state news agency AIM reported.
One of the articles in the law specifies that the processed wood can be categorised as boards, planks, beams and floor tiles and the value added tax … More
The negotiation process with the companies that were awarded the 5th international tender for oil and gas research areas in Mozambique is expected to be completed within three to four months, announced in Maputo the Minister of Mineral Resources and Energy, Leticia Klemens.
The minister was speaking during the Mozambique Gas Summit, an event organised in partnership with Mozambican state oil and … More
The International Monetary Fund (IMF) mission led by Michel Lazare has been in Maputo since Thursday, where it will remain until 12 December for talks with the government of Mozambique to set up a new aid programme.
The talks the IMF mission will have with the Mozambican authorities should continue in the first quarter of 2017 following the conclusion of the report that the … More
Revenues from Macau’s casinos grew in November to an annual rate of two digits, by 14.4%, the first time this has happened since last August reversed a long series of 26 months of falls, according to the Macau Gaming Inspection and Coordination Bureau.
Gross revenues recorded in November reached 18.788 billion patacas (US$2.348 billion), which despite being higher than in the same … More