Credit Suisse is looking to hush up the corruption and mismanagement scandals that have cost it billions of dollars, and to do so it will unveil a new central structure on Thursday (4). Last year alone, Credit Suisse took too many losses: it was fined for making a fraudulent loan to Mozambique; it was damaged by the...
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Business performance declines in the third quarter
The Confederation of Mozambique Economic Associations (CTA) said yesterday morning that business performance at the national level reduced from 29% to 26% in the third quarter of 2021. CTA says the reduction in the Business Robustness Index at the national level stems mainly from the tightening of restrictions under the fight against...
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November 3, 2021November 3, 2021Latest, National, Technology & Innovation
"African" develops first wireless headphones capable of translating languages
Ghanaian-British engineer and technology entrepreneur, Danny Manu, has invented the world's first wireless headphones capable of instantly translating up to 40 languages in high-definition. The headphones are called "Click", use Bluetooth technology for language detection, and work by pairing with a smartphone. On the other hand, they allow the...
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Jeff Bezos Provides $1.73 Million to Combat Desertification in Africa
Amazon founder Jeff Bezos has pledged some €1.73 billion to combat desertification in Africa. The American billionaire announced the funding, paid for by the Bezos Earth Fund, during a Cop26 event
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Mozambique to receive fourth largest share of European Union aid
Mozambique will receive the fourth largest share of next year's European Union (EU) budget, in the international aid component of this continental organization
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COP26: Mozambique has no resources to finance climate change adaptation
Mozambique's prime minister acknowledged Tuesday that the country does not have the resources to finance climate change adaptation alone and pointed to natural gas as a source of energy to transition to cleaner ones
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First European Union military training starts today in Mozambique
The first European Union (EU) military mission in Mozambique, dedicated to training troops to face the armed insurgency in Cabo Delgado, starts today with an official ceremony at the Katembe Independent Fusiliers Company, Maputo
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November 3, 2021November 3, 2021Latest, Featured, Interviews & Reports, National
"Mozambique's bet to eradicate poverty must be Tourism"
Tourism is by far one of the biggest pillars of development for any country. Besides contributing to the eradication of poverty and to the Gross Domestic Product, it favors the enrichment of their histories, arts, and cultures. However, there are countries in which their tourist potential is unquestionable, such as Mozambique ....
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Mozambique: WFP estimates that more than 900,000 people will need food in the coming months
Overall there are 930,000 people in northern Mozambique, affected by an armed insurgency, and who will need humanitarian food support at least until harvest, this coming May, warns a report cited by Lusa news agency. "Humanitarian food assistance needs are likely to remain high, at least until harvest, in May...
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Absa Bank and PNG launch "Gorongosa: A Window to Eternity
The exhibition "Gorongosa: A Window to Eternity" was one of the ways that the two institutions (Absa Bank and PNG) found to raise awareness about the impact of flora and fauna conservation along with human development in the fight against climate change and poverty. It is a partnership renewed for the third...