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Shareholders fail to capitalise Mozambique’s Moza bank

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Shareholders of Mozambican bank Moza have failed on the commitment made at the general meeting held on 23 January to capitalise the institution to return to financial stability and comply with current prudential ratios, the Bank of Mozambique said in a statement on Thursday.

Moza (formerly known as Moza Banco), which started operations in 2008, is controlled 51% by Moçambique Capitais and More

The evolution of literary ties between Portugal and China

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Yao Jingming’s latest book, History of the Literary Exchange between China and Portugal, chronicles six-‑centuries-‑worth of Portuguese perspectives on China ranging from viewing it as one of the world’s most advanced countries to a backwards nation riddled with corruption.

Director of the Department of Portuguese at the University of Macau, Yao is one of China’s leading specialists in Portuguese literature and has been recognised by the Portuguese government for his contributions to their nation’s literature. Yao is also a poet, composing in both Chinese and Portuguese, and has translated some of the most prominent Portuguese poets into Mandarin. More

Mozambique attracts US$107 million in tourism investments in 2016

Investments in the tourism sector in Mozambique reached US$107.8 million in 2016, a decrease of 44.1% over the amount recorded in 2015, said on Monday in Maputo the Minister of Culture and Tourism, Silva Dunduro.

The minister, during a meeting to announce the Welcome Easter campaign aimed at tourists mostly from South Africa, said that last year Mozambique received 1.71 million tourists, More

Chinese investment in Mozambique is close to US$6 billion

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China’s investment in Mozambique has been growing at a very fast pace and in cumulative terms is approaching US$6 billion, according to figures from the Chinese Embassy in Maputo.

The figures were cited on Thursday in Lisbon by the Chinese Embassy attache in Lisbon, Nie Quan, at the launch of a book by Portuguese tax specialists Bruno Santiago and Sara Teixeira, on More

Evolving palate in Macao

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Emerging from the murky waters of the Pearl River in 1513 came a bearded man the likes of which the Chinese had never seen before. This stranger and those who followed him in later years were to eventually change the Middle Kingdom of China forever. For the Portuguese their golden years were to begin. A hundred years before, the Portuguese sailors of the Great Western Seas (Tai Sai-‑Yeung in Cantonese) had discovered Africa, Brazil, the Malabar coast of India, the Moluccas, Malacca near the tip of the Malay Peninsula then China and Japan. The Portuguese soon brokered a forbidden trade between the latter two countries. More

Portuguese-Chinese consortium builds railway and port in Mozambique

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A contract to build a railroad and a deepwater port in Mozambique has been awarded to a 50/50 consortium made up of Portuguese group Mota-Engil and China Civil Engineering Construction (CCEC), said the chief executive of the concession company.

José Pires da Fonseca, CEO of TML – Thai Mozambique Logistics, told Portuguese weekly newspaper Expresso the contract was worth US$2.3 billion and More