economy

economy

Australia’s South32 interim profit slumps on weak coal output, lower prices

Australia’s South32 interim profit slumps on weak coal output, lower prices

By Artwell DlaminiAfrica-Press - Mozambique. South32 Ltd on Thursday slashed its interim dividend as profit tumbled due to weaker commodity prices and lower coal...
TotalEnergies CEO says IMF debt rules hobbling African green energy projects – Watch

TotalEnergies CEO says IMF debt rules hobbling African green energy projects – Watch

Africa-Press - Mozambique. Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight...
Oil up with Red Sea attacks, positive global economic outlook

Oil up with Red Sea attacks, positive global economic outlook

Africa-Press - Mozambique. Oil prices increased on Wednesday, supported by concerns that the conflict in the Middle East will disrupt global oil supply and...
OECD area GDP growth slows to 1.6% in 2023

OECD area GDP growth slows to 1.6% in 2023

Africa-Press - Mozambique. The GDP in the Organization for Economic Cooperation and Development (OECD) area increased 1.6% in 2023, slowing from 2.9% in 2022,...
Global debt climbs to record $313T in 2023

Global debt climbs to record $313T in 2023

Africa-Press - Mozambique. The amount of global debt climbed to a record high of $313 trillion last year, according to a report by the...
Oil prices mixed amid Red Sea tension, upcoming US Fed meeting

Oil prices mixed amid Red Sea tension, upcoming US Fed meeting

Africa-Press - Mozambique. Oil benchmarks were mixed in early trade on Tuesday ahead of the release of key US Federal Reserve data and offset...
Oil down as US economic downturn casts shadow on demand hopes

Oil down as US economic downturn casts shadow on demand hopes

Africa-Press - Mozambique. Oil prices declined on Monday as protracted concerns over the US economy and likely delays in the Federal Reserve’s (Fed) interest...
Commodity markets see slight upward trend last week

Commodity markets see slight upward trend last week

*Writing by Emir YildirimAfrica-Press - Mozambique. Commodity markets saw a slight upward trend last week despite the postponement of the Fed’s rate cut expectations,...
Universal energy access forecast for 2030

Universal energy access forecast for 2030

Africa-Press - Mozambique. Mozambique plans to achieve universal access to energy by 2030 with measures that include the expansion of the electricity infrastructure and...
LAM records loss of three million dollars due to embezzlement

LAM records loss of three million dollars due to embezzlement

Africa-Press - Mozambique. Mozambique Airlines (LAM) recorded a financial loss of around three million dollars in December as a result of embezzlement.According to LAM’s...