The International Fund for Agricultural Development (IFAD) provides about 275 million dollars in agro-livestock and fisheries projects in order to reduce poverty levels and improve the income of families in rural areas of Mozambique. According to the vice president of IFAD, cooperation with the Mozambican state must continue so that...
Globally and in Mozambique in particular, tourism was the sector that suffered the most from the impacts of the crisis caused by Covid-19. With the drastic reduction of the cases of Covid-19 and the gradual resumption of activities in the sector, a window of hope opens for the economic recovery of the sector that is by far...
The board of Exxon Mobil Corp. may abandon some of its largest oil and gas projects including the $30 billion Liquefied Natural Gas (LNG) project in Mozambique, according to the WSJ. The publication also reports that another multibillion-dollar gas project in Vietnam may not go forward. The board,...
Oil product prices in Mozambique will rise between 7% to 22% starting Thursday, reflecting the rising price of a barrel of crude
Mozambican writer Paulina Chiziane has won the 33rd edition of the Camões Prize 2021, the largest and most prestigious literary distinction in the Portuguese language. The information was announced this Wednesday by the Portuguese Minister of Culture, Graça Fonseca. "Following the meeting of the jury of the 33rd edition of the Camões Prize, which took place on October 20,...
Credit Suisse has agreed to forgive 170 million euros of "hidden debts" to Mozambique and will pay a fine of more than 200 million euros for irregularities in loans to Mozambique
China has signed three Liquefied Natural Gas (LNG) agreements with the United States of America. The world's second largest economy aims to secure long-term supplies amid rising gas prices and domestic energy shortages. The agreements by Chinese state-owned oil giant, Sinopec, and US exporter, Venture...
The price of oil fell, Wednesday, after the Chinese government maximized its efforts to control peak coal prices and ensure that coal mines were running at full capacity, as Beijing sought to ease energy shortages. This drop in the price of oil had its origins in the pullbacks...
The United Nations Environment Programme (UNEP) report on the fossil fuel production deficit predicts that producing countries will drill or extract more than twice the levels needed to limit global warming to 1.5 degrees Celsius. Consequently, oil and gas recovery is expected to increase considerably with...
Credit Suisse bank pleaded guilty Tuesday to conspiracy to commit fraudulent financial transfer, paying $475 million in a settlement with the United States in connection with Mozambique's hidden debt scandal