MAPUTO: Mozambique will hike food and fuel prices but will offer other aid to the poor in the hope of staving off north Africa-style protests or a repeat of deadly riots last year, an official said on Wednesday, 30 March 2011.
31 Mar 2011 09:36
NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.
27 Jan 2011 11:00
Retailer Pick n Pay on Monday (8 November 2010) announced that it had signed a franchise territorial agreement with retail franchising group Retail Masters in Mozambique to further extend its African footprint.
9 Nov 2010 08:39
South African retail giant Pick 'n Pay has signed an agreement with a franchise partner in Mozambique, with stores planned in Mozambique before the end of the year.
8 Oct 2010 07:05
Shipping and logistics group Grindrod said on Wednesday (29 September 2010) it will pass on the costs of dredging of the access channels, basins and berths in the Port of Maputo to port users.
29 Sep 2010 06:56
MAPUTO: Mozambique will reverse an increase in the price of bread that sparked deadly rioting last week, and restore some subsidies for electricity and water, the planning minister said on Tuesday (7 September 2010).
9 Sep 2010 09:54
JHI Real Estate Mozambique, a subsidiary of JHI property services, recently opened a further branch office in Matola and is now looking to expand to other key growth areas in the region. According to Wayne Wright, business development director for JHI property services, retail development in Mozambique is set to increase significantly over the next few years.
27 Jul 2010 08:02
Game Stores has come a long way since it opened its first store in Durban in 1970 in cramped premises in the city's CBD, ringing up sales of R78 000 in its first month of trading. Its founders believed that shopping had become a tedious and boring pastime. They wanted to create a fun shopping environment and so conceptualised retailing as a game. The signature bright pink prevails to this day.
19 Jul 2010 08:43
Following the first two pilot retail stores, Mozambican cellular operator, mcel has reappointed international branding company, HKLM to continue the retail roll-out with the design and shop-fitting of a further 15 outlets.
29 Jan 2010 07:29
A Chinese centre for research and transfer of agricultural technology is set to open in Mozambique in early 2010. The facility will use China's farming expertise to boost the African country's agricultural productivity by improving cultivation methods and training local scientists and farmers.
13 Nov 2009 10:08
In the past, Celina Cossa would queue for days and even nights just waiting to buy a bag of maize. But that did not even guarantee she would be able to purchase it. Some nights her two children, her husband and her would go to sleep on empty stomachs.
By Menesia Muinjo and Geline Fuko 2 Sep 2009 07:48
LAGO DISTRICT: August is peak tomato season in the Niassa province of northwest Mozambique, and farmers are bringing bucket-loads of tomatoes to sell to Nkwichi Lodge, one of the few buyers of local produce in the region.
By Jessie Boylan 1 Sep 2009 09:44
MAPUTO: Economic growth in Mozambique will remain at "comfortable" levels despite the slowdown caused by the crisis, reflected in the reduction of state exports and revenues, said the Portuguese Bank, BPI, on his report published in Maputo on 20 July 2009.
By Arão Valoi 27 Jul 2009 12:22
The executive board of the International Monetary Fund (IMF) on Wednesday, 1 July 2009, approved a 12-month, SDR of 113.6 million (about US$176 million) for Mozambique under the IMF's Exogenous Shocks Facility (ESF) to cushion the country from the effects of the global economic downturn, said Felix Fischer, IMF resident representative in Mozambique.
By Arao Valoi 2 Jul 2009 14:46
MAPUTO: The business environment in Mozambique registered significant improvements last year but productivity levels, which could allow the country to compete in global markets are still a big concern, according to a World Bank report released on Monday, 29 June 2009.
By Arao Valoi 1 Jul 2009 11:10
MAPUTO: Their mud huts perch precariously on the eroded, high embankment of the Zambezi river, in the provincial capital of Tete, in central Mozambique. But watching their homes be washed away by erosion or floods is just another risk for the residents of Matundo and Matheus Sansao Muthemba bairros. Their lives are as precarious as their homes.
By Mercedes Sayagues 13 May 2009 11:04
Retail trade and its associated sectors cannot thrive in a society encumbered by poverty - what the poor of mozambique regard as their "new war".
16 Oct 2008 08:24
Angelina Sidumo is one of the hundreds of traders that throng the busy train station in the Mozambican capital, Maputo, on most Wednesday afternoons to catch the once-weekly train south to Chicualacuala town in Gaza Province, an 18-hour journey covering nearly 500km.
5 Sep 2008 08:46
In an effort to build a long-term source of food supplies in developing countries while boosting small-scale agriculture, the World Food Programme (WFP) will soon begin buying food from local farmers in Mozambique.
2 Jul 2008 08:25
After a four year stint working on a South African gold mine in Johannesburg, Orlando Khosa, 33, returned home to Mozambique to establish his own business and eight years later it proved to be a smart business decision.
17 Jun 2008 07:21
Predictions by Zimbabwe's Reserve Bank Governor, Gideon Gono, that empty supermarket shelves will soon be packed with goods are being received somewhat sceptically by Zimbabweans.
4 Oct 2007 07:17
Struggling to boost its foreign currency reserves, a cash-strapped Zimbabwe government this week began charging duty in forex for imported footwear and clothing items, including underwear, we can reveal. A Zimbabwean opposition MP described the latest move as “absolutely barmy.”
13 Sep 2007 14:16
Zambia and Zimbabwe have signed a bilateral agreement that will see the transformation of Chirundu into a one-stop border post - and that will reduce transit times for imports and exports through border.
12 Sep 2007 14:24
The recent government order to Zimbabwean retailers to slash prices has had another unintended side-effect – banks rolling in cash and no one to spend it.
10 Sep 2007 15:03
It is business as usual for South African retailers in Zimbabwe who are keeping a positive spirit despite the economic meltdown and political uncertainty in the country. Large South African retailers, including Massmart, Edgars, OK and Pick ‘n Pay have business interests in Zimbabwe, and indicated they are not about to jump ship despite the recent spate of arrests of business executives accused of not complying with government orders to cut down prices.
By Desmond Walters 25 Jul 2007 09:26