The former governor of the Bank of Mozambique (BM), Ernesto Gove, assumed on Tuesday that the financing contracts of the companies receiving the money from the hidden debts, namely Ematum, MAM and Proindicus, contained irregularities, but because it was an urgent matter of state sovereignty, they had to be authorized. The former governor of the WB...
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Mozambique available to support Malawi in railway line project
Mozambique is willing to support Malawi to complete the project of the railway line linking the district of Mutarara in Tete to Marka in Nsanje in Malawian territory. Mozambique's support comes at a time when Malawi is facing difficulties of various kinds, which are hindering the progress of the project...
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CTA guarantees the integration of 100 DDR beneficiaries in private security companies
The President of the Confederation of Mozambique Economic Associations (CTA), Agostinho Vuma, revealed this week that about 100 beneficiaries of the Demobilization, Disarmament and Reintegration (DDR) process will be integrated in private security companies. The initiative comes under the mechanisms of private sector participation in the economic and social reintegration of the demobilized in the...
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Mozambique wants to expand economic relations at Expo Dubai
Mozambique participates in Expo Dubai with the theme "Sustainability" and the country will also use its presence to align and expand relations with the United Arab Emirates, beyond the sectors where there is already work. According to Mozambique's emissary-general, Miguel Nkaima, it is for the third time that the country participates in the exhibition...
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Portugal and Mozambique sign a cooperation agreement worth 80 million euros
A new agreement for Strategic Cooperation between Mozambique and Portugal was signed, this Monday, and is valued at 80 million euros. The guidelines of the agreement are valid for four years, (2022-2026). The Strategic Cooperation Program (PEC) for this period received 12 million euros more if compared to the previous one that ends this...
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Portugal is the fourth country to close coal-fired power plant
Portugal demonstrated its commitment to the environment over the weekend by shutting down the country's last coal-fired power plant, thereby cutting its use of the pollutant for electricity production. With the action, it will become the fourth country to stop using coal for electricity production. Belgium, Austria and Sweden are the...
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US may give up oil reserves to curb rising energy prices
The United States may announce today a loan of its emergency crude oil reserves as part of an agreement with major Asian energy consumers. The so-called "swap" of the U.S. Strategic Petroleum Reserve (SPR)" is expected to be announced in a coordinated action among several countries. The measure aims to reduce the prices of...
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Sasol aims to start producing Green Hydrogen in 2023
The South African oil company plans to start producing six tons of green hydrogen in 2023 at its Sasolburg facility by 2023, according to prospects put forward at the Africa Green Hydrogen Forum. The company's vice president for climate change, Shamini Harrington, said that green hydrogen would be the result of the combination of 60 MW...
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Gold and euro extend falls while dollar gains strength
Gold started off lower on Monday, still digesting the statements of several members of the US Federal Reserve (Fed), according to which the withdrawal of stimulus should be faster. Adding to this, Christopher Wallace, senior auditor at the Fed in St. Louis, stated that the central bank should raise interest rates due...
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FAO presents tool for producing data to reverse deforestation
The Food and Agriculture Organization of the United Nations (FAO) has announced the launch of a tool for producing data on forests and land use. This is a technology that uses a combination of geospatial data, such as Google Earth, with open source data processing software. This tool can help...