Category Archives: Business

Mozambique: Mozambican Public Debt Is Now 12.37 Billion Dollars

Maputo — According to the Minister of Economy and Finance, Adriano Maleiane, Mozambique’s public debt currently stands at 12.37 billion US dollars, of which about 16 per cent is owed to China.Speaking in the country’s parliament, the Assembly of the Re…

Mozambique: Gorongosa National Park to Spend 15 Million USD On Building New Schools

Maputo — Gorongosa National Park (PNG), in the central Mozambican province of Sofala, has pledged to disburse 15 million US dollars for the construction and furnishing of 40 new primary schools and associated facilities such as housing for teachers, wa…

Mozambique: Last Module Installed On Flng Hull

Maputo — The Italian energy company ENI on Wednesday announced that the last of the 13 “topside modules” has been lifted and installed on the hull of the floating liquefied natural gas (FLNG) facility, under construction in South Korea.When it is compl…

Mozambique: Fishery Authorities Destroy 410 Items of Harmful Fishing Gear

Maputo — The Mozambican Ministry of the Sea, Inland Waters and Fisheries has seized and destroyed 410 items of harmful fishing gear from a total of 7,134 inspected throughout the second fortnight of October.In the initial weeks of the closed season for…

Uganda’s ‘Taxi Divas’ Rise From Covid-19’s Economic Gloom

KAMPALA, UGANDA – The women grappled with each other inside the vehicle. The driver jerked to ease the grip around her neck, then turned to elbow her attacker in the back seat. She flung the door open to make her escape, ending the simulated attack. “This one is too strong for me,” the attacker said,

Mozambique: Pensions Put State Budget Under Pressure

Maputo — The Mozambican Ministry of Economy and Finance wants to “restructure” the country’s pension system, because pensions are now putting the state budget under pressure, reports Monday’s issue of the Maputo daily “Noticias”.The Ministry is worried…