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...
Hidden debts: Credit Suisse takes blame and pays $475 million
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
Russian bank VTB takes no blame for hidden debts, but will pay six million dollars
The US Securities and Exchange Commission announced Tuesday that Russian bank VTB has agreed to pay more than $6 million for its role in Mozambique's hidden debts, hours after the settlement with Credit Suisse was known
Chiquinho Conde is the new Mambas' selector?
The Mozambican coach, Chiquinho Conde, 55, may replace the Portuguese, Horácio Gonçalves, as national soccer selector. Currently living in Portugal, sources say that Conde should arrive in Maputo this week to sign a contract with the Mozambican Football Federation (FMF). "I am flattered to be chosen for the very thorny ...
Bazaruto Archipelago awarded "Best Island Resort in Africa
The Bazaruto Archipelago in southern Mozambique is the Best Island Resort in Africa and the Indian Ocean, according to luxury travel magazine "Condé Nast Traveller" in its November issue. Before revealing the world's most popular destinations, the publication polled hundreds of thousands of its readers for the...
Spain makes 47 ME available for projects in Mozambique
Spain will provide 47 million euros for development projects in Mozambique under the new framework cooperation agreement between the two countries until 2024
Government with 7.3 billion MT deficit to face 2021-2022 rainy season
The information was advanced, this Monday, by INGD, during the Coordinating Council for Disaster Risk Reduction and Management. To cope with the current rainy and cyclonic season, the government needs 10.6 billion meticais, of which it has only 3.3 billion
FAO makes 70 million euros available for small farmers in Zambezia and Nampula
The Food and Agriculture Organization of the United Nations (FAO) will support 280 thousand small farmers from Zambezia and Nampula provinces, through the Promove AgriBiz program
"Without basic services it will be difficult to consolidate peace," says EU ambassador to Mozambique
The European Union Ambassador to Mozambique, António Sanchez Gaspar, says that without the provision of basic services to communities and the promotion of employment opportunities for young people in regions affected by military conflicts, peace consolidation will be difficult
Private Sector Willing to Materially Support Government in Combating Kidnappings
CTA - Confederation of Business Associations of Mozambique demanded this Saturday concrete mechanisms to stop the wave of kidnappings in the country, offering to support the Government materially to improve the efficiency of the authorities in fighting crimes