economy

economy

Mozambique: World Bank to donate extra $100M for Cabo Delgado reconstruction – Lusa

Mozambique: World Bank to donate extra $100M for Cabo Delgado reconstruction – Lusa

Africa-Press - Mozambique. The World Bank will provide US$100 million (€86 million) to support the Mozambican government in the reconstruction plan for Cabo Delgado,...
Mozambique: Bridge over Búzi may open by December – Noticias

Mozambique: Bridge over Búzi may open by December – Noticias

Africa-Press - Mozambique. Road traffic on the Búzi river bridge could resume by December, the work now being 85% complete. Project coordinator André Vilanculos said,...
Cabo Delagdo: World Bank to grant 100 million dollars to PRCB – AIM report

Cabo Delagdo: World Bank to grant 100 million dollars to PRCB – AIM report

Africa-Press - Mozambique. The World Bank has pledged to disburse 100 million US dollars for the Cabo Delgado Reconstruction Plan (PRCD). To cover all components,...
Mozambique produces and exports more coal in Q3

Mozambique produces and exports more coal in Q3

Africa-Press - Mozambique. Compared to 2020, coal production in Mozambique increased 78.1% and sales almost doubled in the third quarter of this year, confirming...
Mozambique: CMH profits slip by 54% in 2021 – Carta

Mozambique: CMH profits slip by 54% in 2021 – Carta

Africa-Press - Mozambique. The Annual Report and audited Financial Statements for the year ended June 30, 2021, of Companhia Nacional de Hidrocarbonetos (CMH), part...
Mozambique lauds Credit Suisse guilty plea in debt scandal

Mozambique lauds Credit Suisse guilty plea in debt scandal

Africa-Press - Mozambique. Mozambique welcomed Thursday an admission of misconduct by Credit Suisse, which agreed to pay a fine in a debt scandal that...
Hidden debts: Civil society wants complete cancellation of odious debts – AIM report

Hidden debts: Civil society wants complete cancellation of odious debts – AIM report

Africa-Press - Mozambique. The Mozambican civil society coalition, the Budget Monitoring Forum (FMO), has welcomed the decisions by US and British financial regulators to...
Mozambique: SIR Motors set to revive the industrial unit once the 5th largest in Africa

Mozambique: SIR Motors set to revive the industrial unit once the 5th largest in...

Africa-Press - Mozambique. Mozambique is going to produce train wagons again. The company responsible for production is the same company that used to make...
Spies and lies: regulators round on Credit Suisse

Spies and lies: regulators round on Credit Suisse

Africa-Press - Mozambique. Credit Suisse misled authorities over spying on its staff and lied to investors about a corrupt loan to Mozambique, regulators said,...
Mozambique watchdog wants $2 bln debt relief from ‘guilty’ Credit Suisse

Mozambique watchdog wants $2 bln debt relief from ‘guilty’ Credit Suisse

Africa-Press - Mozambique. A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Credit Suisse, that...