Economy

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Credit Suisse has Agreed to Forgive €172m of “Hidden Debts” to Mozambique

Credit Suisse has agreed to forgive 170 million euros of “hidden debts” to Mozambique and…

Credit Suisse Dodges Bigger Fine With Mozambique Debt-Forgiveness Vow

Credit Suisse Group AG could have faced a far bigger bill to settle probes into…

Hidden Debts: Russian VTB Bank Accepts Six Million Dollar Settlement

The US Securities and Exchange Commission announced Tuesday that Russian bank VTB has agreed to…

Bank of Mozambique Speaks of “Gradual Economic Resumption” Despite Pandemic and Cabo Delgado

The Governor of the Bank of Mozambique, Rogério Zandamela, assures that the country is experiencing…

“Private Business Activity Improved in September”, – PMI Survey

The private sector came in by four tenths on the level of economic expansion in…

President Nyusi in Pretoria to attend Extraordinary Summit of SADC Organ Troika Plus Mozambique

President Cyril Ramaphosa will this Tuesday, 5 October 2021, chair an Extraordinary Summit of the…

Investment & Banking

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ADIN Offers Scholarships For Portugal

Fifteen Mozambican students selected for technical-vocational training in Portugal travel this week, as part of the programmed for awarding scholarships. This is the first group of young people admitted to the scheme, in an initiative of the Institute of Scholarships (IBE) and the…

United Nations Calls for More Action to End Hunger in Mozambique

The United Nations Food and Agriculture Organisation (FAO) in Mozambique last Friday advocated the need to take more actions to end hunger in the country. Speaking at commemorations of World Food Day, the FAO representative in Mozambique, Hernâni Coelho da Silva, said that…

Sofid Launches “Pedro Cudell Internationalisation Prize” for Companies With the Best Sustainable Projects in Africa

They are open until the 15th of October as candidacies for the “Pedro Cudell Internationalization Award”, launched this month by Sofid, an AIP member company. It will be unveiled during the event “Financing in Africa – the role of Development Finance Institutions”, to be held in November.

Reconstruction of Tourist Infrastructure Destroyed by Terrorists Valued at $67M

The reconstruction of tourist infrastructures destroyed by terrorists in Cabo Delgado is estimated at US$67 million.

Wildlife & Conservation

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Mozambique Assesses Proposal to Adopt Biodegradable Plastic Bag

The Ministry of Land and Environment says a consultation and laboratory analysis is underway for the adoption of a new form of biodegradable plastic bag, made from organic material, which after use can be dissolved in hot water or exposed to heat for a fortnight.

“Pandemic Threatens Decades of Wildlife Conservation Efforts in Africa” – NGO

The covid-19 pandemic has caused pressures on Africa’s wildlife reserves that threaten to undermine the success of decades of conservation, says a Tusk and Natural State survey of 60 organisations in 19 African countries.

Mozambique Receives 89 Animals from South Africa to Reinforce Wildlife

South Africa has relocated 27 zebras and 62 blue wildebeests from Kruger National Park to Zinave National Park in Mozambique, said the South African government.

Sofala Plans to Create Three Community Conservation Areas to Manage Wildlife Resources

In Sofala province, the creation of three community conservation areas in the districts of Nhamatanda and Dondo is under consideration, which should help in the management of wildlife resources in the Gorongosa National Park.

SADC

President Nyusi in Pretoria to attend Extraordinary Summit of SADC Organ Troika Plus Mozambique

President Cyril Ramaphosa will this Tuesday, 5 October 2021, chair an Extraordinary Summit of the Southern African Development Community Organ Troika Plus the Republic of Mozambique in Pretoria. The President has convened the Summit, which will be held in Pretoria, in his capacity…

SADC Military Forces are Now ‘Fully Operational’ to Combat Insurgency in Cabo Delgado

The joint military mission of the Southern African Development Community (SADC) countries in northern Mozambique is now operational, according to a statement issued on Friday by the mission.

Low Vaccination Capacity in SADC Delays Immunity Achievement in the Region

The Chairperson of the SADC Council of Ministers argues that poor progress in vaccination campaigns is responsible for the high rates of Covid-19 infection in countries in the region.

Support to Mozambique “Will Take Months and With Fewer Troops than Expected”

The consultancy firm NKC African Economics said on Friday that the support of the Southern African Development Community (SADC) to Mozambique will take months and that the number of troops will be less than expected.

Africa

Airports South Africa Builds Defense Against Pandemic Resurgence

Airports Company South Africa is looking to generate more income from hotels and land, win service contracts and boost cargo revenue to prepare for a potential fresh wave of Covid-19 infections and restrictions.  The state-controlled owner of international hubs including Johannesburg and Cape…

Facebook Outage Prompts South Africa to Promote Local Developers

South Africa’s new communications minister said this week’s outage of Facebook Inc. apps and services is a reminder the government can do more to support the development of local social-media platforms.

A $290 Billion Funding Shortfall Is Slowing Africa’s Revival

Sub-Saharan Africa needs significant additional funding to counter damage wrought by the coronavirus pandemic, bolster its economic recovery prospects and mitigate threats posed by climate change, according to the World Bank. 

Factors underlying violence need to be fixed – IMF

The director of the African department of the International Monetary Fund (IMF) said on Tuesday that it is necessary to address the underlying causes of the conflict in northern Mozambique and not just increase public spending on military spending.

World

WHO Recommends Widespread Use of First Malaria Vaccine in Children

The World Health Organization (WHO) has recommended the extension of the use of a malaria vaccine used in three African countries participating in a pilot project that is considered safe, despite relatively low efficacy. The RTS,S vaccine was developed by a platform of…

Pandemic ‘Devastating’ For Tourism With Loss Of 62 Million Jobs

The CEO of the World Travel & Tourism Council, Julia Simpson, said on Thursday that the pandemic of covid-19 “has been devastating” for employment in the sector, with 62 million jobs lost worldwide.

“Global Eradication of Covid-19 Virus is Probably Feasible” – Study Argues

Global eradication of covid-19 is “probably feasible” thanks to vaccination, public health measures and global interest in controlling the pandemic, according to a new study.

Covax and the World Bank Partner With Poor Countries to Get More Vaccines

The World Bank and the Covax system have created a new financing mechanism that will allow 250 million people in poor countries to be vaccinated by mid-2022, according to a joint statement released Monday.

Lifestyle

Paulina Chiziane Wins Camões 2021 Award

Mozambican writer Paulina Chiziane is the winner of the 2021 Camões Prize, in a unanimous decision, Portuguese Culture Minister Graça Fonseca announced Wednesday. Speaking to Lusa news agency, Paulina Chiziane left a very special dedication: “After all, women have a great soul and…

FNB MAPUTO 10K Virtual Run — Celebrate Maputo City Day With Plenty of Exercise

Runners are invited to take an active approach to their “Maputo City Day” celebrations by signing up for the much-anticipated FNB MAPUTO 10K Virtual Run that will take place on Wednesday 10 November 2021! “As part of the celebrations of Maputo City’s 134th…

Apple has Reportedly Decided to Manufacture its Autonomous Car on its Own

The autonomous electric car market is just around the corner and the best-prepared companies will capture the most customers. It’s a market full of opportunities and tech companies know they can grab them. After a tour of Asia, with no positive results apparently, there are indications that Apple will go ahead on its own in manufacturing its car.

Apple Seeks in South Korea and Japan Manufactures For the Apple Car

The project has been one of the most enigmatic in recent years coming from the Cupertino company.

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