The Austrian government will give one thousand euros to each citizen to help fight inflation revealed this Tuesday the "Bloomberg" quoted by the newspaper Economic. Families and businesses will receive in 2022 and 2023 six billion euros in direct benefits. Another 22 billion euros will be 'injected' by 2026...
Author: Salvador Baloi (Salvador Baloi)
Cabo Delgado: Residents fear terrorists approaching Pemba
Attacks in Ancuabe district sound the alarm. Population is fleeing. Citizens are walking along the National Road 1 with bundles on their heads in search of refuge. In the last days, two people were killed in the village of Muaguide, in a graffiti exploitation company. The situation has caused panic in nearby villages, including in the locality of Sunate, also...
Standard Bank pushes Rovuma gas project to 2023 if security
Standard Bank predicts that the Totalenergies-led liquefied natural gas (LNG) project in Cabo Delgado, northern Mozambique, will only resume in 2023 if security is in place. "The latest terrorist attacks in Cabo Delgado may lead Totalenergies to a further delay in the construction of the Afungi LNG venture," reads the...
US accuses Russia of not cooperating to end war in Ukraine
The United States on Monday accused Russia of not cooperating in negotiations to end the war in Ukraine. Joe Biden's administration hopes that the Russian offensive can end through dialogue and, until that happens, pledges to continue helping Ukraine "defend its democracy."....
Bitcoin falls below the $22,000 plateau. Analysts pessimistic
Bitcoin has fallen more than 20% in the past seven days. The market capitalization of nearly 20,000 crypto-assets fell below the $1 trillion line, specifically to $958.72 billion. Bitcoin has fallen more than 20% in the past seven days, having this Tuesday in the early morning hours tumbled below...
Vilankulo to host Mozambique Fashion Week to marry fashion and biodiversity
The Mozambique Fashion Week (MFW), the largest fashion festival in the country, will happen for the first time in Vilankulo district, Inhambane province, where several stakeholders of the sector will discuss fashion and biodiversity. For the materialization of this intention, Vasco Rocha, director of BDD, MFW organizer company, and Galiza Matos Jr., administrator of Vilankulo, signed this Monday, the...
Interior Minister assures forces' commitment, but analysts warn of new fronts
The Minister of Interior, Arsénia Massingue, says that despite attrition attacks by jihadists, the forces of the mission of the Southern African Development Community (SADC) in Cabo Delgado, remain motivated and determined to fight terrorism in that province. However, with the recent onslaughts by insurgents, analysts warn that attacks to open...
Insecurity increases in displacement camps after new attacks in Ancuabe
Recent attacks in villages in the Ancuabe district, which is home to thousands of displaced persons from the Islamic insurgency, have increased the climate of insecurity in resettlement neighborhoods and IDP camps in Mozambique's Cabo Delgado province, several displaced persons told VOA on Monday, 13. "There is no security," one of the leaders of a...
Digital currencies fall after cryptocurrency 'bank' suspends withdrawals
The price of bitcoin and other cryptocurrencies suffered a significant drop on Monday after a cryptocurrency 'bank' suspended transfers and withdrawals from the platform, citing "extreme market conditions." It is the latest collapse of a pillar of the cryptocurrency industry, with several episodes causing substantial losses of investors' assets, generating...
Inflation in Mozambique reaches four-year high
Year-on-year inflation in Mozambique was 9.31% in May, the highest value of the last four years and seven months, setting a new high for the period, as had already happened in April, the National Statistics Institute (INE) announced yesterday. In April it had been 7.91 PT2T and rose 141 basis points in May, according to...