BP announced this Sunday (27) that it intends to exit its 19.75% stake in Russian oil giant Rosneft. This move follows as a consequence of Russia's invasion of Ukraine. If confirmed, the British oil company will put a sudden end to 30 years of operation in the oil-rich country of Russia. Britain's BP...
Author: Leonor Manjate (Leonor Manjate)
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Photos: 64-kilometer Russian military column seen by satellite advancing toward Ukraine
Images released by satellite company Maxar Technologies show the 64-kilometer long Russian military column advancing toward Kiev, Ukraine. The images show the column near the town of Ivankiv, north of the Ukrainian capital, but also reveal Russian military positions in Ukraine and Belarus, including...
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FIFA and UEFA suspend Russia from all soccer championships
FIFA and UEFA announced the suspension of Russian national teams and all soccer teams from their leagues, including the World Cup, this Monday (28) due to the attacks on Ukraine. The suspension is to prevail "until further notice." The "king" sports bodies had issued a joint statement advancing that Russian "national teams and clubs" will be...
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Russia bans flights from Portugal and 35 other countries
Russia, through its Air Transport Agency, announced, this Monday, the ban on flights from Portugal and 35 other countries (check the list below). This is a retaliation to the European Union (EU) decision that prohibits, in its airspace, the circulation of Russian aircraft or aircraft operated by Russian citizens, either or...
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February 28, 2022February 28, 2022Latest, Market Announcements, National, Social Responsibility
Displaced women in Cabo Delgado benefit from sewing machines for training through the Makobo Platform
The maritime contractor Royal Van Oord, specialized in dredging and salvage of land from the sea and operating in Area 1 of the Rovuma Basin, offered at the beginning of February to Plataforma Makobo 20 Bernina electric sewing machines, plus five spare motors. The equipment offered by the Dutch multinational will be used at the Makobo studio in...
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Mozambique and Angola can benefit from the diversification of European markets
The Russian-Ukrainian war could bring advantages to Mozambique and Angola in terms of diversification of European energy markets, since the impact of the conflict will be reduced in the short term. This projection is from the consultancy Fitch Solutions that believes in a minor impact of the war in these two African countries due to the reduced trade flow with...
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Russian-Ukrainian crisis will weaken Mozambique's economy - Oxford
The economic policy consultancy Oxford Economics Africa expects that the Russian invasion of Ukraine will have a negative impact on the economy of Mozambique, driving up wheat prices, and that the same may happen in Angola. On the other hand, Oxford foresees that the conflict between these two European countries, which has already...
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February 28, 2022February 28, 2022Latest, Market Announcements, National
Eni and Mozambique intend to produce agro-food raw material for biofuels
Eni and the Ministry of Agriculture and Rural Development (MADER) today signed an agreement for cooperation and development of agricultural projects in Mozambique, aimed at producing oilseeds and vegetable oils to be used as agro-foods for biofuel production. Under the agreement, Eni and MADER will evaluate potential sites and the...
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Africa Investment Forum discusses financing of 45 projects valued at over USD 50 billion
The Africa Investment Forum will host virtual boardroom sessions, a key component of the Africa Investment Forum's market days, next month after a postponement late last year, representatives of the initiative announced Thursday. The boardrooms will be held virtually from the 15th to the 17th of...
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Leaders demand sex in exchange for food in Cabo Delgado
Community leaders in Cabo Delgado province involved in food distribution are demanding sexual favors to get support to victims of Islamic terrorism, africanews reports. The site writes that "women have been coerced into giving sex in exchange for money or food aid." The reports were made to the Organization...