Moroccan business sector gains interest in investing in the Mozambican financial market and wishes to realize this objective within a few days. Information released by the Confederation of Business Associations of Mozambique (CTA) indicates that the Moroccans consider the U.S.-Africa Business Summit, to be held this week (July 19-22) in...
Author: José Caetano (José Caetano)
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Chimuara will have Solar Power Plant valued at $43 million
The administrative post of Chimuara, in Zambezia province, will have a solar power plant valued at about 43 million dollars and will, in a first phase, produce 30 MegaWatt (MW), starting in 2024. The project is being developed by the company SunMoz, constituted by the Mozambican Checunda Investimentos and the British...
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Super Boa Farm invests 225 million in cajual
The Super Boa Farm company, of national capital, will invest about 225 million meticais for the planting of cashew trees, in large scale, in the administrative post of Macuacua, district of Mandlakazi. The project is in the pilot phase. According to the newspaper Notícias, about one thousand hectares are available, and the next phase, which...
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Poorer countries face an impending "economic tsunami
"An economic tsunami" is about to hit developing countries, especially in Africa, the president of the Center for Global Development (CGD) and the executive secretary of the UN Economic Commission for Africa (UNECA) have warned. "An economic tsunami is about to engulf the developing world and many poor countries are simply not prepared...
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Ukraine and Russia reach agreement on grain exports
Turkey's defense minister confirmed days ago that negotiations between Russia, Ukraine, Turkey and the United Nations have resulted in an agreement to form a coordination center to ensure the safety of grain transport routes. Quoted in a statement, Turkey's Defense Minister Hulusi Akar says that a...