The consultancy Oxford Economics Africa has considered that the pardon of $200 million of Mozambique's debt by Credit Suisse, in the context of hidden debts, is positive, but insufficient to put the debt on a sustainable trajectory. "While Credit Suisse's agreement to forgive some of the debt is positive for Mozambique, 200 million...
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November 1, 2021November 1, 2021Latest, National, Social Responsibility, Living
Mozambican writer creates cultural center worth literary prize
The young Mozambican writer Otildo Guido (23) created a cultural center in Inharrime district, in Inhambane province, with the value of the Fernando Leite Couto Literary Award in partnership with the City Council of Óbidos (Portugal), so that the local population can have access to literature. Guido said he decided to invest in...
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November 1, 2021November 1, 2021Latest, National, Social Responsibility, Living
Nokia will plant trees in Mozambique for every smartphone sold
The Finnish company HMD Global, which develops cell phones under the Nokia brand, recently announced that it will plant a tree in Mozambique or Madagascar for every smartphone sold. This is a new initiative from Nokia, in partnership with Ecologi, called "Lets Plant Together" which commits to plant new trees at the same rate...
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South Africa extends military presence in Mozambique for another three months
South African President Cyril Ramaphosa has confirmed that the 1,495 military personnel deployed to Mozambique as part of the Southern African Development Community (SAMIM) mission will remain there for another three months.
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Covid-19: Mozambique receives 200 thousand more vaccines from Portugal
With the arrival of these doses of vaccines, the number rises to 360 thousand vaccines coming from Portugal to Mozambique, this under the Action Plan in the Health Response to Pandemic Covid-19. The batch of vaccines from AstraZeneca, arrives this Saturday in the Mozambican capital and will be delivered by the Embassy of Portugal to the Mozambican authorities, reports...
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Exxonmobil's gas project will continue, senior company sources assure
After the assurance given by the Mozambican authorities a few days ago, now it was the turn of the company itself to do the same. The North American oil company ExxonMobil continues to focus on hydrocarbons and has plans to proceed with a US$30 billion liquefied natural gas project in Mozambique, the company's CEO said...
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Saipem expects the gas project to restart in mid-2022
The Italian multinational, Saipem, which operates in the oil area, expects the large LNG project in Mozambique to restart in mid-2022, this after it was suspended for security reasons. The Italian operator believes that Mozambique will play an important role in achieving the financial goals set by the company. "To achieve our...
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Reference interest rate remains at 18.6% next month
The Mozambican Association of Banks (AMB) said Friday that the "Prime Rate" reference interest rate will remain at 18.6% for the second consecutive month. The rate calculated by AMB and the Bank of Mozambique (BM) is based on a single index of 13.3% (calculated by the central bank) that remains unchanged and a premium of...
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CTA proposes definitive measures for frequent use of beaches
The Confederation of Mozambican Economic Associations (CTA) announced this Friday, in Maputo, a set of definitive measures that it considers feasible to be adopted by the Government to create a legislation that allows the rational, controlled and uninterrupted use of Mozambican beaches. And said that it will create an online control of vaccinated and unvaccinated employees...