The business sector in Inhambane warns that the increase in fuel prices may affect the price of basic food products, namely rice, sugar, cooking oil, eggs and others during the upcoming festive season. According to the President of the Inhambane Provincial Business Council, Abdul Razak Abdul, most families, particularly...
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Disbursement funds for post-cyclone reconstruction program still short of needs
Disbursement of funds for the post-cyclone Idai and Kenneth reconstruction program in the central and northern region continues to fall short of needs. So far, only $550 million has been channeled by different cooperation partners. The government has estimated the needs for reconstruction at about $3.2 billion,...
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Malnutrition affects 48% of the world's population
World organizations like Unicef, Fao and the UN report that about 48% of the world's population suffers from malnutrition, either eating too little or too much. The Global Nutrition Report (GNR), presented today, says this has disastrous consequences not only for health, but also for the planet. "The global results show...
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Hidden Debts: Ernesto Gove admits irregularities in Ematum, MAM and Proindicus contracts
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...