A plan to return the population to their areas of origin will be operationalized in the next two weeks, in coordination with the Defense and Security Forces (FDS), so that they can work in their farms and ensure subsistence. The announcement was made by the governor of Cabo Delgado, Valige Tauabo, who a few days ago visited the district...
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Chimanimani Park and BIOFUND team up to channel funds
The foundation for Biodiversity Conservation (BIOFUND) and the company Café de Manica have recently signed a partnership protocol for the creation of a mechanism to channel funds for the development of the Chimanimani National Park (PNC). The initiative arises as an alternative to reduce the pressure on natural resources and as a way to...
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SADC launches Regional Counter Terrorism Center based in Dar es Salaam
The Southern African Development Community (SADC) on Monday launched a Regional Counter Terrorism Center based in Dar es Salaam, Tanzania, for the region to deal with threats such as the armed insurgency in northern Mozambique. "While significant progress has been made in implementing the SADC Regional Counter-Terrorism Strategy,...
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UN: "Almost 680,000 people have fled Ukraine following the Russian invasion"
The numbers that have been released daily by the United Nations show a huge migratory flow out of Ukraine. Following the invasion that Russia has, during the last six days, carried out on Ukrainian territory, the estimate is that almost 680 thousand people have left Ukraine for countries...
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"There are 12 million people who will need help in Ukraine"
The United Nations (UN) estimated on Tuesday that 12 million people will need help in Ukraine, in a statement, quoted by the agency France-Presse. According to Lusa, in addition to these 12 million people, the UN also pointed out that more than four million refugees fleeing the fighting will also need support. In less...
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EU encourages investment in off-grid energy
The Head of Cooperation of the European Union Delegation in Mozambique, Isabel Faria De Almeida, called on the Mozambican private sector to invest in off-grid energy. In her view this can help the country achieve the goal of ensuring access to energy for all citizens by 2030. The idea was defended...
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Visa and Mastercard announce blocking of various financial transactions in Russia
Visa and Mastercard have blocked several financial transactions involving Russian companies and entities. This action comes as a consequence of compliance with US sanctions imposed on the Russian country. The American companies Visa and Mastercard have complied with the sanctions imposed by their country and blocked several financial transactions from their network to various financial institutions...
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Invasion of Ukraine: Turkey to restrict passage of Russian warships
Turkey has decided to restrict access of Russian warships to the straits under Turkish control that give access to the Black Sea, advances Bloomberg citing two Turkish officials familiar with the issue. Turkish President Recep Tayyip Erdogan had earlier indicated that he would "exercise" the authority over the straits granted to Turkey in the Convention...
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March 1, 2022March 1, 2022Latest, Market Announcements
RMB helps raise $1.2bn for Afreximbank in boost to African trade post Covid
Rand Merchant Bank (RMB), the corporate and investment banking partner of FirstRand Bank Limited - of which FNB Mozambique is also a subsidiary, is the global coordinator and bookrunner of the African Export Import Bank (Afreximbank), with the provision of a 3-year, $1.2 billion term financing...
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TotalEnergies decides the future of its business with Russia
French Finance Minister Bruno Le Maire said Tuesday that the government and TotalEnergies will decide the future of the oil company's business in Russia in the coming days. "There is a question of principles," Le Maire said advancing that the talks will also involve French energy group Engie . Le Maire charged ...