Mozambique doubles down on growth with Africa’s first dual benchmark rate cuts in 2024 as currencies across the continent score gains against the greenback. SPECIAL REPORT | BIRD AGENCY | Mozambique’s central bank has decisively cut its benchmark lending rate to 15.75% from 16.5%, setting a precedent as the first …
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From conflict and long deferred revenues to falling gas demand, there are many reasons to believe Mozambique’s LNG deal has become a liability. Maputo, Mozambique | AFRICAN ARGUMENTS | Ever since major natural gas deposits were discovered off Mozambique’s northern coast in 2010, there have been high expectations that the find will bring economic prosperity to …
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Privatised 20 years ago, the Maputo Port’s success offers a model for African ports seeking efficiency and growth, with growth likely to continue, according to investors. SPECIAL REPORT | BIRD AGENCY | Two decades after Mozambique privatised its only international harbour, the Port of Maputo is recording remarkable progress, both …
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Civil society groups cite Palma terrorist attack, oppose restarting project Kampala, Uganda | RONALD MUSOKE | French and Mozambican civil society groups have filed a criminal suit against French energy giant, TotalEnergies, in Paris, accusing it of “manslaughter and negligence” during the terrorist attack on Palma, in northern Mozambique about 30 …
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Kampala, Uganda | THE INDEPENDENT | Dr Catherine Sozi was appointed as the UN Resident Coordinator in Mozambique by Secretary-General Antonio Guterres. With the host government’s approval, she took up her assignment on July 1, 2023. Sozi brings more than 18 years of cumulative international experience and results at the UN …
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Blantyre, Malawi | Xinhua | Tropical Cyclone Freddy has continued to cause devastation in the southern African region as the death toll from disasters such as flash floods and mudslides continues to rise. In Malawi, where the impact of the cyclone looks the most severe, the death toll has risen …
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Maputo, Mozambique | Xinhua | At least 18 people died because of the passage of the tropical storm Ana, which devastated the center and north of Mozambique, announced the spokesman of the National Institute for Disaster Risk Management and Reduction (INGD) Paulo Tomas, on Thursday. The spokesperson was speaking through a live …
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The discovery offered major promise for a very poor county but has instead led to escalation of armed conflict | THEO NEETHLING | Recent events in Palma, a town in the volatile Cabo Delgado province in the north of Mozambique, have taken bloodshed in the region to new levels. Dozens …
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How natural gas blessing is turning into a curse | THE INDEPENDENT | When dozens of local and foreign citizens were killed in an assault by insurgents in the northern Mozambique town of Palma in Cabo Delgado province in the last week of March, security observers described it as a …
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Maputo, Mozambique | XINHUA | The United Nations is trying to contact humanitarian workers caught up in Mozambique attacks while on stand-by to aid residents of Palma town, a UN spokesman said on Thursday. “We always make sure that our presence on the ground, our staff and related aid workers, …
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The Independent Uganda: You get the Truth we Pay the Price