BREAKING NEWS
Mozambique gets $309 million from IMF to respond to COVID-19
Simon Ateba - 0
Mozambique is getting $309 million from the International Monetary Fund (IMF) to respond to COVID-19 economic consequences, after the IMF board approved the disbursement under the Rapid Credit Facility (RCF). The $309 million...
Latest
Fear, anxiety and anger mount over ‘disappearance’ of Mozambique journalist Ibrahimo Abu Mbaruco
Mozambique authorities should urgently locate a journalist who has been missing since April 7, 2020, in the embattled northern province of Cabo Delgado, Human Rights Watch and Amnesty International said on Friday. Before he was reported missing,...
Economy
Amnesty calls for urgent social protection as millions of people in Southern Africa face hunger under COVID-19 lockdowns and shutdowns
Millions of people across Southern Africa face hunger as lockdowns imposed in the region to help curb the spread of the COVID-19 pandemic mean they are unable to access food, Amnesty International said on Thursday.
HEALTH
Amnesty condemns President Nyusi of Mozambique for failing to protect Cabo Delgado residents from attacks, even during coronavirus pandemic
Simon Ateba - 0
Amnesty International on Monday called on President Filipe Nyusi of Mozambique to protect Cabo Delgado residents following an early morning attack, even as the rest of the world battled a global coronavirus pandemic.
Economy
Mozambique’s economy recovering from cyclones Idai and Kenneth – IMF Deputy Managing Director Tao Zhang
Simon Ateba - 0
The economy of Mozambique is recovering well from the effects of Tropical Cyclones Idai and Kenneth last year, but for growth to accelerate and become more inclusive, economic policies should remain prudent while reforms continue, said...
MOZAMBIQUE
Mozambique’s economy recovering well from cyclones Idai and Kenneth – IMF
Simon Ateba - 0
The International Monetary Fund said on Wednesday that the economy of Mozambique, which was hit hard by two ravaging cyclones in March and April this year, was recovering well, despite some challenges.
ALGERIA
Occidental Petroleum reaches $8.8 billion deal to sell Anadarko’s African oil and gas assets to Total
Oil giant, Occidental Petroleum, has reached a deal to sell Anadarko Petroleum's oil and gas assets in Africa to French oil major Total for $8.8 billion, Occidental CEO Vicki Hollub announced...
GLOBAL
World Bank raises $700 million for storm-hit African countries of Mozambique, Zimbabwe and Malawi
Simon Ateba - 2
The World Bank announced on Friday that it had raised over half a billion dollars to help people in Mozambique, Malawi and Zimbabwe, three African nations hit by Cyclone Idai in...
Latest News
African Union Chair Cyril Ramaphosa to join UN high-level event on development financing amid COVID-19
President Cyril Ramaphosa will on Thursday May 28, 2020, address and participate in a virtual United...
BUSINESS
African Development Bank approves €88 million ($98 million) loan for Senegal to respond to COVID-19
The Board of Directors of the African Development Bank on Friday approved a loan of 88 million euros to Senegal, hit hard...
Economy
IMF Executive Board Approves FY 2021-FY 2023 Medium-Term Budget
On April 27, 2020, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for...
Economy
Former African presidents release joint statement backing embattled African Development Bank President Akinwumi Adesina
Simon Ateba - 4
In an unprecedented move, former African heads of state and government released a jointly signed letter on Friday, backing the embattled...
Economy
Read full remarks by IMF Managing Director Kristalina Georgieva on financing for development amid COVID-19
Good morning. I want to thank Prime Minister Trudeau, Prime Minister Holness, and Secretary-General Guterres for keeping a focus on development amidst...
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