Brazilian group Vale expects to receive US$768 million dollars from the sale to the Japanese Mitsui & Co of stakes in the Moatize coal mine and Nacala Logistics Corridor in Mozambique, under the new terms of an agreement originally signed in 2014.
The new terms, disclosed to the market on Thursday, include the payment of US$450 million, including US$225 million for a … More
Mozambique needs to adopt measures to reduce expenditure in order to ensure macroeconomic stability, taking into account rising inflation and currency devaluation, said the mission of the International Monetary Fund (IMF) that travelled to Maputo.
The mission was in the Mozambican capital from 22 to 29 September to start talks on the terms of reference of an international independent audit of state … More
Cut wood in Mozambique will no longer be exported as logs from January 2017, announced the national director of the Earth, Forestry, Environment and Rural Development Ministry.
Xavier Sakambuera, who was speaking on the sidelines of the first national meeting of the sector held in Beira, Sofala province, said the move aims to promote the industrialisation of the country, according to daily … More
The third plane of an order for three aircraft for Angolan TAAG from US manufacturer Boeing is due to arrive in Luanda on Saturday, from Seattle, United States, reported the Angolan press.
The Boeing 777-300 ER was baptised with the name Morro Moco, after the highest hill of Angola located in Huambo province in the central highlands.
The aircraft can carry 225 passengers … More
Macau’s balance of trade deficit improved by 20.6% year on year, or 10.226 billion patacas, falling to 39.132 billion patacas (US$4.891 billion), said the region’s Statistics and Census Bureau.
In the first eight months of the year Macau exported goods worth 6.913 billion patacas (-5.4% over the same period of 2015) and imported goods worth 52.958 billion, patacas, a year on year … More