The Suez Canal recorded a record annual revenue of $6.3 billion in 2021, up 12.8% from 2020, despite the blockade that in March caused a crisis at that sea crossing. Admiral Osama Rabie, chairman of the Suez Canal Management Authority, through a statement, which is cited by some...
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Bitcoin up 60% in 2021, but the market has gained even more
In a year in which retail investors have bet heavily on the financial markets, cryptocurrencies have once again taken center stage. The expectation of huge gains in short periods of time attracted many people and led bitcoin, the most popular, to appreciate by about 60%. According to an analysis made by the portal "Eco...
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Ressano Garcia's border registers intense movement of returning citizens
Migratory authorities at the border of Ressano Garcia in Maputo province, are working hard to ease the return movement of nationals and foreigners, who came to the country following the Christmas and New Year's festivities. There are a little more than 70 thousand citizens who will be able to return to their jobs in...
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Maputo Municipality promises not to tolerate shortening of routes
The Maputo municipality says it will not tolerate cases of shortening of routes by passenger carriers, after new fares came into force this Sunday. The councilman for Mobility, Transport and Traffic of the Maputo City Council, José Nichols, said the municipality has strengthened its presence on the road...
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EDM to invest over $300 million in new connections by 2022
A little over US$300 million is the amount that the state-owned electricity company Eletricidade de Moçambique (EDM) will invest this year in new electricity connections as part of the presidential initiative energy for all. The announcement of the investment for the expansion of the electricity grid was made by the president of the board of directors of the company EDM,...
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China's average temperature in 2021 highest in 60 years
The average temperature in China in 2021 was 10.7 degrees Celsius, one degree higher than usual and the highest in 60 years, said the Chinese state news agency Xinhua, quoted by Lusa. The Asian country experienced "more extreme" and "more intense" weather events last year, indicated the government spokesman...
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Government and private operators unite for water supply
The government said it will work in coordination with the private sector to expand the public water supply network in the country. The announcement was made after the signing of an agreement between the Executive and the Association of Private Water Suppliers of Mozambique. According to the General Inspector of Public Works of the Ministry...
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2021 saw an increase in violations of children's rights, says UNICEF
The United Nations Children's Fund, Unicef, warned at the end of the year to the increase in the number of violations of children's rights, and stressed that the situation is "especially worrying in countries in conflict". Afghanistan, Yemen, Syria, and Ethiopia were some of the countries cited by the agency's director-general, Henrietta Fore, in a review...
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What to expect from the African economy in 2022?
The crisis caused by the pandemic, political tensions, and the foreign debts faced by many African countries, including Mozambique, will obviously have slowed the growth of African economies in the year that has just ended. And 2022, what will it be like? According to the forecasts of the Economic Intelligence Unit, The Economist, based in London, most...
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Reference interest rate remains at 18.6%
The prime interest rate for January will remain for the fourth consecutive month at 18.61 PT2T, the Mozambican Association of Banks (AMB) reported. The rate that is calculated by AMB and Banco de Moçambique is based on a single index of 13.3% (calculated by the Central Bank), which remains unchanged, and a...