The US Federal Reserve's (Fed) latest biannual Financial Instability Report, published earlier this week, warns of possible implications of China's real estate problems for the US financial system. Tensions in China's real estate sector could put pressure on China's financial system, with possible consequences for the United States,"...
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Tanzania negotiates $30 billion with Shell and Equinor to explore LNG
The Tanzanian government, Shell and Equinor have resumed negotiations on a host government deal for a $30 billion liquefied natural gas (LNG) project that had been stalled since 2019. President Samia Suluhu Hassan - sworn in in March -, has strived to create a more favorable business environment,...
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Orbital Announces Opening of First Space Hotel in 2027
The start-up Orbital Assembly Corporation (AOC) has announced plans to open a space hotel by 2027. Station Voyager is to be a luxury resort designed to accommodate 280 guests and 112 crew members, with a restaurant, a bar, a concert hall, a gym and even a movie theater. According to Tim Alatorre, vice president and architect...
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November 12, 2021November 12, 2021Latest, Agriculture, Markets, National
PR launches today Agrarian Campaign 2021/2022
The President of Mozambique, Filipe Nyusi, will launch today the Agrarian Campaign 2021/2022, in the center of the country, focusing on "increasing productivity and agricultural production" means of survival of the majority of the Mozambican population. The event, which will take place in Manica province, will also serve to evaluate the performance of the previous agrarian campaign,...
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PGR wants Manuel Chang in Mozambique and promises to appeal the decision of extradition to the USA
The Attorney General's Office (PGR) announced that it will appeal the decision to extradite the former Minister of Economy and Finance, Manuel Chang, to the United States of America (USA), where he is due to stand trial for the financial scandal that damaged Mozambique by over two billion dollars. "The Republic of Mozambique, through the Attorney General's Office, instructed...
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Adriano Maleiane says there are traders who increase prices by claiming fuel price increases
The Minister of Economy and Finance, Adriano Maleiane, said this Thursday in parliament that there are opportunistic and dishonest traders that increase the price of basic products, claiming the rise in fuel prices. Maleiane assured that the government is paying attention to these traders and will take measures to regulate the internal trade, assuring that there will be...
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Frederik Willem de Klerk, South Africa's last president during the Apartheid era, has died
. Frederik Willem de Klerk, the last South African president under Apartheid and the man who shared the Nobel Peace Prize with his successor, Nelson Mandela, has died. A key player in the country's transition to democracy, De Klerk, who was 85, died at his home in Fresnaye, Cape Town. A...
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Mixed force formation launched to stop kidnappings and terrorism
The government launched this Thursday the formation of a joint force to respond to kidnappings and terrorism in the country. This is a group of officers who will be trained by Rwandan specialists, and will last for six months. According to the general commander of the Police of the Republic of Mozambique (PRM), in addition to kidnappings and terrorism, the force...
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November 12, 2021November 12, 2021Latest, National, Technology & Innovation
Mozambique plans to launch satellites from the Azores
The chairman of the Board of Directors of the National Institute of Communications of Mozambique (INCM), Tuaha Mote, said that Mozambique will be "the first" of the Portuguese-speaking African Countries (PALOP) to launch satellites from the Azores. According to Tuaha Mote, who was speaking this Thursday in the Azores, Portugal, Mozambique wants to have the privilege, in the...
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Oil rebounds after US inflation scare
Oil prices, considered "black gold" are still in positive territory, recovering from the fall triggered yesterday by fears about rising inflation in the US. The West Texas Intermediate (WTI), "benchmark" for the United States, for December delivery adds 0.74% to 81.94 dollars a barrel. The December contract for Brent...