Mozambique's electricity company, EDM (Electricidade de Moçambique) said Tuesday it had invested 31 million meticals in expanding the electricity grid to the administrative post of Messano, in Gaza province. According to a note from EDM, cited by Lusa, the Messano electrification project began in September and was completed in the last week of...
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January 4, 2022January 4, 2022Latest, Real Estate, Markets, World
"Give us our money back!" Investors demonstrate against Evergrande
Investors in financial products issued by China's largest real estate group, Evergrande, are forcibly demanding on Tuesday the return of their investments ahead of the company's Guangzhou facility. Most are afraid that their profits will be sacrificed to serve as a foundation for the real estate project. The crowd of investors, about...
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Poland could be the first country in the world to raise interest rates in 2022
Poland's central bank is expected to be the first to raise interest rates in 2022. According to Bloomberg analysts, there is no doubt that after sharply revising its inflation projections upward, this Tuesday the institution will decide on an increase in key interest rates. Of the 17 economists consulted by Bloomberg, 15 expect a...
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Covid-19: Omicron dodges vaccines better than delta
The omicron variant of covid-19 circumvents immunity in vaccinated people better than delta, according to the conclusion of a Danish study published late last year, and this finding opens a window to explain why the new strain is easier to spread. The researchers at the University of Copenhagen, Statistics...
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Covid-19. PRM agents can be sued and not work for not getting vaccinated
The Police of the Republic of Mozambique (PRM) has made mandatory the immunization of its employees against the coronavirus (Covid-19), under penalty of those who do not comply with the order will face disciplinary proceedings. The commander of PRM said that the unvaccinated agent may be prevented from exercising his duties, that is, "he will not enter the...
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OPEC+ meets to discuss oil production policy
The Organization of the Petroleum Exporting Countries (OPEC), Russia and allies (OPEC+) will discuss oil production policy on Tuesday with the aim of increasing supply against an increasingly worrisome backdrop of the spread of the omicron variant of covid-19. Sources close to the process indicate that OPEC+ may consolidate the idea...
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Maputo and Incomati River flows record alert levels
The Maputo and Incomati rivers flows, in the southern part of the country, is registering a significant increase in recent days, a fact that is putting in alert the riverside communities. According to the National Directorate of Water Resources Management, the population should observe precautionary measures, avoiding approaching the low areas of those rivers...
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SADC to decide this month on extending the military mission in Cabo Delgado
Mozambique is waiting with expectation the decision that will come out of the meeting of the Troika of the Southern African Development Community (SADC) on the military contingent of this regional organization established in Cabo Delgado. At a time when terrorism is spreading to other provinces, especially Niassa, the meeting of the body of cooperation in the areas of Politics, Defense...
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President of the Republic and wife test positive for Covid-19
The President of the Republic, Filipe Nyusi and wife, Isaura Nyusi, tested positive for covid-19, indicates a press release issued by the Presidency of the Republic. According to the document, the Head of State underwent rapid tests whose result was positive. Even being asymptomatic, Filipe Nyusi and his wife are in isolation. Meanwhile, the President ...
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Stock market starts New Year with high opening
The three main Wall Street indexes opened the first session of the year in the green. The optimism, which has been reigning also this Monday in Europe, comes after the main North American stock markets have closed 2021 registering the third consecutive year of gains. Although usually the New York stock market is not...