economy

economy

South and East Africa to trade freely in a new pact

South and East Africa to trade freely in a new pact

Africa-Press - Mozambique. An intra-regional trade agreement bringing together 26 countries in Africa has come into force after 13 years of negotiations. The Tripartite Free...
Oil up over signals of greater demand in US

Oil up over signals of greater demand in US

Africa-Press - Mozambique. Oil prices increased on Friday over signals of greater oil demand supported by data showing that the US economy had grown...
AI skills estimated to dominate industries, transform job sector

AI skills estimated to dominate industries, transform job sector

Africa-Press - Mozambique. The widespread integration of Artificial Intelligence (AI) in various industries is likely to render many job sectors obsolete and increase layoffs,...
Consumer spending in Europe, Mideast, Africa to remain weak despite slowing inflation: Fitch

Consumer spending in Europe, Mideast, Africa to remain weak despite slowing inflation: Fitch

Africa-Press - Mozambique. Consumer spending in Europe, the Middle East and Africa, commonly known as EMEA, is expected to remain weak despite slowing inflation,...
INAE seizes 120 illegal gambling machines in Sofala

INAE seizes 120 illegal gambling machines in Sofala

Africa-Press - Mozambique. The National Inspection of Economic Activities (INE) in Sofala seized 120 illegal gambling machines in the first half of this year. Most...
BPCL: Cost Escalation of Mozambique LNG Project Likely Around $3.5-4 Billion

BPCL: Cost Escalation of Mozambique LNG Project Likely Around $3.5-4 Billion

Africa-Press - Mozambique. State-run Bharat Petroleum Corporation (BPCL) said on Saturday that it expects cost escalation of $3.5-4 billion in the Total Energies-led liquefied...
Nipepe graphite production to begin in December

Nipepe graphite production to begin in December

Africa-Press - Mozambique. Graphite processing in Nipepe, Niassa, could take place in the last quarter of this year. Concessionaire D.H. Mining Development points to December. More...
Bridge connecting Nipepe to Lalaua enters final phase

Bridge connecting Nipepe to Lalaua enters final phase

Africa-Press - Mozambique. Work on the bridge over the Lúrio river between Nipepe district in Niassa province and Lalaua in Nampula is entering its...
Oil up as US inventories signal strong demand

Oil up as US inventories signal strong demand

Africa-Press - Mozambique. Oil prices increased on Wednesday over strong demand expectations following data indicating a decrease in crude inventories in the US, the...
New African sovereign debt index helps global push for liquidity

New African sovereign debt index helps global push for liquidity

Africa-Press - Mozambique. An effort by government agencies and large global banks to reduce borrowing costs for African countries has received a boost from...