Nearly 300 hectares of community forests, located in the regions of Lamego and Chirassicua, in the district of Nhamatanda, will be reforested as part of the environmental protection project promoted by two organizations in the center of the country. "This is an initiative of ADRA and Livanigo, in the fight against deforestation of community forests, which for years now...
The CEO of Standard Bank Angola considers that insecurity in Mozambique is the biggest impediment to a greater flow of investment in the country, which bet on the recovery of credibility to relaunch the economy. "There is confidence in the country, in the potential that Mozambique has for the future, but there are some challenges, namely security, which is...
The construction company Teixeira Duarte totaled 3.6 million euros of profit in the first half, compared with a loss of approximately 18.6 million euros in the same period last year, the market was informed today. According to the information sent to the Portuguese Securities Market Commission (CMVM), in this period, the result before...
The US economy went into technical recession in the 2nd quarter, according to the Financial Times. Gross domestic product (GDP) shrank by 0.9% between April and June, on an annualized basis, for the second consecutive quarter, the Commerce Department indicated Thursday. In the first quarter, it should be recalled, US GDP had contracted by 1.6%, according to data...
Mozambique is reducing the negative trend of the agricultural trade balance, with the increase of production and exports. The fact was announced this Wednesday in Milange by the President of the Republic, Filipe Nyusi, at the inauguration ceremony of the Silos Complex and warehouses in Milange, Zambezia. Filipe Nyusi explained that in the first half of this year
The inflation rate accelerated to 8.9% in the eurozone in July, up from 8.6% in June, according to data released by European Union (EU) statistics office Eurostat on Friday. The inflation rate in the euro zone and the EU has been accelerating since June 2021, pulled by the...
Twitter has announced the decision to increase the subscription price of its social network. With this decision, Twitter Blue goes from $2.99 to cost $4.99. As reported by The Verge, Twitter sent an email to customers explaining the decision, noting that the increase in the price of the subscription is...
An armed group stormed into Chitunda, a neighborhood in the district headquarters of Nangade and killed by beheading three civilians, all war displaced, before the attack was repelled by the regional Southern African troop helping Mozambique fight terrorism in Cabo Delgado, several local sources told VOA on Thursday 28. The group...
Russia's ambassador to Mozambique on Thursday defended the use of the ruble and the metical to maintain trade transactions with the African country in the face of sanctions it faces internationally. "The ruble and the metical are worthy currencies that can be used and do not need the benevolence of some other countries that control the...
Economist João Mosca says that Mozambique's hypothesis to respond to the growing gas needs in Europe, put forward by the National Hydrocarbons Company (ENH), is nothing but political propaganda, because the insecurity situation in Cabo Delgado is no guarantee that the production and export of this resource will start within the foreseen deadlines. The administrator...