The political and social tension that has taken place in Mozambique since the CNE announced the results of the October 9 general elections poses risks to political stability, fiscal consolidation and economic growth, says financial rating agency Fitch Ratings. "However, our basic assumption is that the situation...
Economic and trade cooperation between China and Africa has continued to reach new heights since the 2021 Forum on China-Africa Cooperation (FOCAC), delivering tangible benefits to the people of China and Africa, Assistant Commerce Minister Tang Wenhong said on Tuesday. "In 2021, the Eighth FOCAC Ministerial Conference was successfully held....
The President of the Republic acknowledged this Friday in Maputo that the participation of women in the political, economic and social life of African countries is visible and unquestionable. In the case of Mozambique, Filipe Nyusi said that the government has been passing inclusive laws that allow women to participate actively in political life. "One of the challenges for...
Rear Admiral Walter Teuteberg, a South African Navy reservist, believes that the ProIndicus company was economically unviable and that the studies on the project were extremely optimistic. Teuteberg is one of the experts hired by the Mozambican state's lawyers to refute the contracts of the companies behind the hidden debts, according to Savana. In his work,...
On Thursday in Maputo, Mozambique and Kenya initialed eight legal instruments for cooperation in the areas of politics and economics, as a result of the work carried out by the Second Joint Commission. These are four memorandums of understanding for the fisheries and blue economy, agriculture and livestock, energy and capacity building in the public sector. The delegations of...
The African Development Bank (AfDB) expects 18 countries, including Mozambique and Cape Verde, to have economic growth above 5% this year, with the outlook for the continent standing at 4%, according to estimates presented this Wednesday. In the document "Africa's Economic Outlook", released during the AfDB Group's annual meetings in Egypt,...
The President of the Republic, Filipe Nyusi, met with UN Secretary-General António Guterres in New York on Monday, where they discussed the country's internal developments, including the economic outlook, the implementation of the Maputo Peace Process and the humanitarian situation. According to a statement released by the UN office, the secretary-general took the opportunity to express his...
The managing director of the International Monetary Fund (IMF) said Thursday that the world economic situation, boosted by rising inflation "will get worse before it gets better," acknowledging that the invasion of Ukraine has blown away the entity's forecasts. In a speech, at Georgetown University in Washington, Kristalina Georgieva said she believed the situation...