A study published in the scientific journal Nature Climate Change reveals that the world could lose around 10% of Gross Domestic Product (GDP) if global temperatures rise by 3°C. "If we take into account that warmer years also bring changes in rainfall and temperature variability, it turns out that the estimated impact...
A group of businessmen announced on Thursday in Nampula that they are going to disburse 750 million dollars for the production of edible palm oil in the district of Luabo, Zambezia province. In Nampula province, in the Nacala-Porto district, the RG Indústrias Group already produces edible oil based on soya and sunflower...
The Director of the Mpanda Nkuwa Hydroelectric Project, Carlos Yum, revealed that he has shared the project's progress with the World Bank (WB) and the International Monetary Fund (IMF) in order to seek funding. Quoted by Notícias, Yum said that the state's participation in the project should be seen in the long term, with the prospect of...
A report by the World Bank (WB) reveals that the public debt of sub-Saharan African economies increased from 189 billion dollars to 462 billion dollars between 2012 and 2022. This increase, in the order of 273 billion dollars, corresponds to a rise of 144.4% over a decade. In...
The population of the Mudada neighborhood, in the Matutuíne district, in the southern province of Maputo, submitted a petition to the Assembly of the Republic (AR) on Thursday (18) against the Dugongo cement factory for allegedly not honoring its commitments to the resettled people. Inaugurated in 2021, Dugongo, a company with majority Chinese capital, is located in...
The International Monetary Fund (IMF) predicts that the Mozambican economy will grow by 5% this year, along with Guinea-Bissau, the two best performers among the Portuguese-speaking African countries (PALOP). The IMF's World Economic Outlook Report presented this week states that Cape Verde will grow by 4.7%, São Tomé and Príncipe by 2.9%,...
Stocks in the United States fell on Wednesday (17) for the fourth day in a row, in the face of weak first quarter economic results for US companies and also the lack of expectations of interest rate cuts by the end of the year. According to international press reports, the S&P 500 stock market index...
South African state oil and gas company PetroSA expects to receive the first shipment of gas from an agreement with Mozambique's Empresa Nacional de Hidrocarbonetos (ENH) by the end of this year, the authorities said, quoted by Reuters. This effort, according to the oil company, is aimed at boosting gas supplies before...
The Oxford Committee for Famine Relief (Oxfam) has published a report in which it points to countries that are over-indebted to the International Monetary Fund (IMF) and the World Bank (WB). IMF and WB loans to Mozambique increase income imbalance index The document states that this condition accentuates the socio-economic differences of the countries in that condition, and...
The city of Pemba, the capital of Cabo Delgado, has had its first poultry feed production plant since Tuesday (16), with an emphasis on broilers. This is an investment by the Lovemore Frangos e Rações group, valued at seven million meticais, which reduces the dependence of the city of Pemba on neighboring...