The International Monetary Fund (IMF) said today that Mozambican and Angolan public debt will remain above 100% of GDP this year, with Mozambique remaining above that level also in 2022. According to the "Fiscal Monitor", presented today in Washington by the director of the fiscal affairs department and former finance minister...
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Europeans want to restore more than 4 million hectares by 2030
Land deforestation is a global problem and requires global solutions. Data from the UN Economic Commission for Europe, Unece, report that deforestation and degradation has already affected more than 2 billion hectares of land worldwide. Restoring these natural areas is one of the solutions to the climate emergency...
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October 13, 2021October 13, 2021Latest, National, Social Responsibility, Living
Moza Banco supports the rehabilitation of boreholes in Niassa
Moza Banco, as part of its social responsibility, supported the rehabilitation of three water supply boreholes in Majune district, Niassa province, and also donated Covid-19 prevention material to that district and Chimbunila. The governor of Niassa province, Elina Judite Massengele, proceeded to the reinauguration of the referred boreholes...
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Access Bank intends to train young Mozambicans in technologies
Access Bank intends to train 47 young Mozambicans in new technologies through the 'Advance Africa' program. And it follows in this endeavor in partnership with Udacity - an American educational organization - to build a progressive career in the banking industry. The program has five thousand scholarships available for young people from African countries. They will be expected to...
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October 13, 2021October 13, 2021Latest, Economy, Real Estate, World
Worldwide real estate market grows 5% by 2020
The market holds a value almost 4 times the world's GDP and that its growth was driven by the residential segment, accounting for 79% of the total value, reveals the latest report from consulting firm Savills. The consultancy says that this growth in the value of the property market has been driven by the residential segment, which has performed as...
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Malangatana's works are on display in New York
The works of Mozambican artist Malangatana Valente Ngwenha are part of a set of productions available for viewing at the Metropolitan Museum of Art [The Met] in New York. The exhibition "Surrealism Beyond Borders" is open to the public since Monday and includes works by artists from 45 countries. Afterwards the exhibition will be on view at the...
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October 13, 2021October 13, 2021Latest, Real Estate, Markets, World
New York Luxury Real Estate Market Reaches New Records
Olshan's Luxury Market Report reveals that New York's residential real estate market is poised to hit a 2021 record high. The numbers of signed contracts for properties valued at over $4 million is doubling year over year. That's a good way to go for the numbers....
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First house made of recycled plastic built in Great Britain
A British company has built a house out of 18 tons of recycled plastic. The company Affresol has developed a technology that transforms plastic and minerals into a material called Thermo Poly Rock, which could revolutionize the construction industry, reports the BBC, quoted by the portal "greensavers".
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October 13, 2021October 13, 2021Latest, World, Technology & Innovation
Meet the solar-powered aircraft that flew for three weeks
Airbus, an aerospace company, has completed test flights for its solar-powered Zephyr aircraft. The platforms are designed to stay in the air for several weeks at a time in order to provide Internet to users on Earth
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Lusophone countries resume growth, only Angola is in the "red
All Portuguese-speaking African Countries (PALOP) will see their economies grow again this year, with the exception of Angola, which remains in recession, according to estimates by the International Monetary Fund (IMF)