The International Fund for Agricultural Development (IFAD) provides about 275 million dollars in agro-livestock and fisheries projects in order to reduce poverty levels and improve the income of families in rural areas of Mozambique. According to the vice president of IFAD, cooperation with the Mozambican state must continue so that...
Elephants may never develop tusks due to civil war
The civil war also has implications for the animal world. According to a study on constant poaching, Elephants in Mozambique are at risk of never developing tusks again. A robust set of tusks is usually an advantage for elephants, allowing them to dig for water, strip the bark for food, and fight...
More than 1.5 million hectares of soil contain too much salt, says FAO
More than 1.5 million hectares of soil spread over all continents contain too much salt to be fertile, causing problems for world agricultural production. The information is from the Food and Agriculture Organization of the United Nations, FAO, which was organizing a virtual symposium this Friday. According to the agency about 1.5 billion...
Giant Evergrande pays interest and "postpones" bankruptcy
Real estate development giant Evergrande has in the last 24 hours transferred $83.5 million to a trust account at Citibank and escaped bankruptcy, writes state media. The funding line in question has a grace period of 30 days so Evergrande was able to gather enough liquidity to meet the payment...
Covid-19 created opportunities for African video streaming services
What the world already knows is that the pandemic wiped out all commercial sectors around the world. But there were companies that knew how to make the best of the periods of restrictions. Far from thinking that it would only be the big companies in the biggest economies of the world, Africa also knew how to take advantage of the confinement, in this case...
China Donates 20 Million Meticals in Food for Terrorism Victims
The Chinese government donated 20 million meticais in food to its Mozambican counterpart, this Thursday, in order to minimize the suffering of the population of the province of Cabo Delgado victims of terrorism. The Chinese government delivered 200 tons of rice, 300 tons of corn starch and 24,000 liters of cooking oil. More...
Travel Awards 2021: Portugal collects 26 awards at the "Tourism Oscars
Portugal collected, this Friday, 26 awards at the 28th edition of the World Travel Awards, considered the "Oscars of Tourism", and highlight the Algarve, Azores and Madeira. According to the official note from the World Travel Awords, the Algarve was elected "Best Beach Destination in Europe"; the Azores were distinguished as "Leading Adventure Tourism Destination...
Airfare prices are expected to rise due to fuel price hikes
United Airlines CEO Scott Kirby predicts that the aviation industry will raise ticket costs due to rising prices for petroleum products. From his perspective, it is a cause-and-effect situation, as "higher aviation fuel prices lead to higher ticket prices." And also
Hidden Debts: Mozambique demands USD 2.2 billion in debt relief
The supervisory body for Mozambique's public finances is demanding debt relief of around US$2.2 billion, contracted with Credit Suisse. The amount is ten times what the bank is willing to pay. According to the Budget Monitoring Forum (FMO) there are enough factors for the...
Paypal wants to buy Pinterest for $45 billion
PayPal is offering $45 billion to acquire Pinterest. If the deal goes through it could bring financial technologies closer to social media in e-commerce. This could be the largest acquisition of a social media company, surpassing Microsoft Corp.'s acquisition of LinkedIn. This transaction was about...