A public procurement process at the Housing Development Fund (FFH) caused a loss of 14 million US dollars for the state, the Center for Public Integrity (CIP) revealed today. In 2013, the state received a loan of 47 million US dollars from the Exim Bank of India for the construction of 1,200...
Category: Real Estate
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Head of State inaugurates 24 houses of the Nascer Project
On Friday, February 16, the President of the Republic, Filipe Nyusi, inaugurated 24 new houses as part of the Renascer Project for young people in the Monapo district of Nampula province. This is an initiative funded by the Housing Development Fund (FFH) of the Ministry of Public Works, Housing and Water Resources...
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Carlos Mesquita criticizes the proliferation of disorderly construction in Mozambique
The Minister of Public Works, Housing and Water Resources, Carlos Mesquita, criticized the proliferation of disorderly construction in Mozambique, most of which does not include the provision of utilities such as water and energy. Speaking during the opening ceremony of the 1st Congress of Architecture in Mozambique, a two-day event...
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Housing Development Fund plans to build 820 more houses across the country
The Housing Development Fund (FFH) plans to build more houses for people in need. In fact, consultants will be hired this semester to design another 820 projects in various parts of the country, as part of the "Housing Improvement" project. In a publication in the newspaper Notícias, the chairman of the HFF's Board of Directors, Armindo Munguambe, assured...
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Architects seek solutions to reduce the impact of climate change on the country's infrastructure
Mozambican architects want to help reduce the impact of climate change on the country's infrastructures, a subject they intend to discuss at the first congress of the professional association, to be held next week in Maputo. A report published by the Green Severs portal states that the congress will take place on February 8 and 9,...
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Chinese court orders liquidation of Evergrande after agreement with creditors fails
A Hong Kong court on Monday ordered the liquidation of Chinese construction company China Evergrande Group, after it failed to reach an agreement with creditors to restructure debt issued across borders. Evergrande, which has accumulated liabilities of almost 330 billion dollars, defaulted two years ago after...
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Chinese economy at risk of being affected for years by the real estate crisis
China's strong growth, one of the fastest sustained expansions of a major economy in history, has been driven for decades by a real estate boom fueled by population growth and urbanization. But the all-important real estate market, which once accounted for 30% of the economy, fell into crisis more than two years ago after...
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Chinese construction company Evergrande files for bankruptcy protection in the US in the face of the real estate crisis
Chinese real estate developer Evergrande Group filed for bankruptcy protection under Chapter 15 of the US Bankruptcy Code on Thursday in New York State, according to court documents seen by Bloomberg. The chapter protects the company's assets in the US while it negotiates restructuring deals in other jurisdictions. The request from...
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Evergrande files for bankruptcy protection in the US
Real estate developer China Evergrande Group filed for bankruptcy protection under Chapter 15 of the US Bankruptcy Code on Thursday in New York State, according to court documents seen by Bloomberg. The chapter protects the company's assets in the U.S. while it negotiates restructuring agreements in other jurisdictions. The request from...
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Inhambane spends 14 million meticals on real estate rental for public institutions
The rent for real estate for the operation of public institutions, the residence of directors and other holders of sovereign bodies, in Inhambane province, is around 14 million meticais, revealed the provincial Director of Economy and Finance, Castro Namuaca. Quoted by Notícias, he said that the new model for the functioning of the state, which aims to...