economy

economy

Six African Startups Win $400,000 in FINCA Prize

Six African Startups Win $400,000 in FINCA Prize

Africa-Press - Mozambique. Six African startups have been awarded $400,000 through the 2025 FINCA Ventures Prize, a rare opportunity for early-stage funding at a...
Outdated Diamond Selling Hurts Producers Trader Says

Outdated Diamond Selling Hurts Producers Trader Says

Africa-Press - Mozambique. The sale of diamonds through tenders and auctions is opaque and inefficient and should be revamped for producers to earn more...
Mining Suspension Awaits Final Decision from Ministry

Mining Suspension Awaits Final Decision from Ministry

Africa-Press - Mozambique. Francisca Tomás, governor of the central Mozambican province of Manica, has announced that the suspension of mining in the province awaits...
African Manufacturers Seek to Extend US Trade Program

African Manufacturers Seek to Extend US Trade Program

Africa-Press - Mozambique. African manufacturers are lobbying U.S. Congress to grant a last-ditch extension of one or two years to a duty-free trade programme...
Global debt remains above 235% of world GDP: IMF

Global debt remains above 235% of world GDP: IMF

Africa-Press - Mozambique. The International Monetary Fund (IMF) reported Wednesday that the decline in private sector credit was offset by an increase in public...
AI Projected to Boost Global Trade by 37% WTO

AI Projected to Boost Global Trade by 37% WTO

Africa-Press - Mozambique. World Trade Organization report argues AI apps contribute to productivity in economies, as well as semiconductors, other AI-enabling goods However, it warns...
Global Interest-Rate Spree Signals First US Cut of 2025

Global Interest-Rate Spree Signals First US Cut of 2025

Africa-Press - Mozambique. The first US interest rate cut since Donald Trump became president again is likely to seize the spotlight in a week...
Crypto Market Awaits Fed’S Rate Cut Decision

Crypto Market Awaits Fed’S Rate Cut Decision

Africa-Press - Mozambique. The cryptocurrency market is awaiting a possible interest rate cut by the US Federal Reserve on Wednesday during the bank’s Federal...
External donations secured in H1 total $110.8m

External donations secured in H1 total $110.8m

Africa-Press - Mozambique. Mozambique secured external donations of US$110.8 million in the first six months of the year, according to data from a government...
Prices Increased 0.68% After Deflation

Prices Increased 0.68% After Deflation

Africa-Press - Mozambique. Prices in Mozambique rose 0.68% in August, after four consecutive months of deflation, with year-on-year inflation rising to 4.79%, according to...