The former Mozambican Finance Minister, Manuel Chang, may meet his final fate this afternoon when it is 3pm in South Africa (same time in Mozambique). The information is advanced by the office of the South African judge Margaret Victor, who heard the case in September, and spoke to Lusa news agency. It is known ...
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Sasol risks gas supply with new emissions plan
A study by Global Climate Insights (GCI) reveals that Sasol risks missing its climate targets if the group of does not secure the alternatives needed to replace coal. In September, South Africa's second largest producer of greenhouse gases announced a plan to reduce the...
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Galp wants government support to increase cash flow towards green economy
Galp Energia CEO Andy Brown said he intends to increase cash flow and profits, and follow through with the company's strategic transformation plan focused on renewable energy, biofuels and hydrogen. The pillar of the Portuguese oil company noted that the company's goal of making its operations less harmful to the environment requires, in...
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Eni Acquires 20% Stake in World's Largest Offshore Wind Project
Italian oil and gas company Eni is strengthening its investments in renewable energy. It is now participating with 20% in the 1.2 GigaWatt (GW) Dogger Bank C offshore wind project in the UK through the acquisition of a 10% stake from each of the companies, Equinor and SSE Renewables. With this acquisition, the...
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Mozambique has the third highest debt level in Sub-Saharan Africa
The International Monetary Fund (IMF) estimates that Mozambique's debt to international creditors will reach 133.6% of gross domestic product (GDP) this year, and with this it becomes the country with the third highest debt-to-GDP ratio in sub-Saharan Africa. According to sources that advance the information citing Bloomberg, Mozambique has waived the restructuring of the...
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November 10, 2021November 10, 2021Latest, National, Social Responsibility, Living
Sasol promotes business opportunities in Local Content roadshows
The South African oil company Sasol held Local Content roadshows between October 26th and November 2nd in Govuro, Inhassoro, Maxixe (Inhambane districts) and Maputo, as a way to promote the growth of the regions where Sasol operates. The sessions, in which local businessmen participated, aimed at promoting business opportunities in the scope of the...
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10 business ideas for investing in an Africa full of opportunities
From the manufacture of packaging material in Malawi to the supply of baked goods to Kenyan hotels. Here we present a selection of potential business opportunities that have unveiled themselves as early as early 2021. Growing market for locally produced fish The new Aqua-Spark Insights report shows that the continent will consume up to 29...
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Government decrees toleration of holidays this Wednesday for the Maputo City Day
The government, through the Ministry of Labour and Social Security, decrees a day off tolerance for this Wednesday in Maputo city, on the occasion of November 10, the day of Maputo's elevation to the category of city. The Minister of Labour and Social Security, Margarida Talapa, informed in a communiqué that the measure covers...
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COP26: Least Developed Countries Receive More Than 350 Million Euros for Climate Adaptation
A group of 46 least developed countries will receive 356 million euros for the development of climate adaptation projects. Announced this Tuesday at the world climate summit being held in the UK, the amount will be channeled through the Least Developed Countries Fund (LDCF). The support came from Belgium, a region...
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Bitcoin passes $68,000 in new all-time high
The value of bitcoin has broken records once again. This morning, the cryptocurrency was up 3.3% and exchanging hands at just over $68,000, touching a new all-time high of 68,525.84 USD, according to CoinDesk's track record. That's an appreciation of more than 130% since January. According to the news published on the portal "Eco Online,"...