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China donates EUR 13.9 million to Mozambique and cancels EUR 7 million debt

China will donate the equivalent of EUR 13.9 million to Mozambique and cancel debt owed by the African country worth EUR 7 million under...

Gas-rich Mozambique to restart projects and export more

Gas consumption is rising. The natural gas sector is growing three times faster than oil, and according to the BP Energy Outlook 2040, will...

Guangdong-Macao Chinese Medicine Scientific, Industrial Park registers products in Brazil, Mozambique

The Traditional Chinese Medicine Scientific and Industrial Park for Guangdong-Macao Cooperation has completed the registration process for nine traditional Chinese medicine (TCM) products in...

Mozambique inflation hits another record high at 12.1% in August

Year-on-year inflation in Mozambique was 12.1% in August, the highest value in the last four years and eleven months announced by the National Institute...

Mozambique to grow 5.3% this year and 6.5% in 2023 on gas

"We anticipate that Mozambique's real GDP will accelerate from an estimated 2.2% in 2021 to 5.3% in 2022, mainly driven by investments in physical...

Standard Bank forecasts inflation of 11.7% in Mozambique

Standard Bank highlights the impact of measures announced by the Mozambican government to subsidize transport and fuel imports to ensure certain price stability. "The most...

Chinese and South Korea to cooperate in Mozambique gas exploration

The Chinese and South Korean governments signed an agreement to support the joint exploration of natural gas in the Rovuma basin, Cabo Delgado province,...

Portuguese Prime Minister apologizes to Mozambique for Wiriyamu massacre

Portuguese PM António Costa apologized yesterday to the President of the Republic of Mozambique, Filipe Nyusi, for the Wiriyamu massacre, which he described as...

Brazil’s Vale sells all its coal assets after exiting Mozambique for US$240 million

RIO DE JANEIRO, BRAZIL - Brazil's Vale has sold all its coal-related assets after agreeing to sell its coal mine and a logistics corridor...

Vale to pay US$2.5 billion to settle liabilities in Mozambique mine corridor

RIO DE JANEIRO, BRAZIL - (REUTERS) Brazilian Miner Vale SA will settle in advance liabilities of around US$2.5 billion related to the project finance...

Brazil’s Vale to Divest Troubled Coal Assets in Mozambique

RIO DE JANEIRO, BRAZIL - Brazil’s Vale said on Thursday, January 21st, it is buying out minority stake partner, Japan’s Mitsui & Co, in...

Mozambique Deports One of Brazil’s Most Wanted Drug Traffickers

RIO DE JANEIRO, BRAZIL - The Mozambican Ministry of the Interior decided to deport Gilberto Aparecido dos Santos, known as "Fuminho", one of the...

Ukraine’s Grain Diplomacy in Africa

Amidst ongoing conflicts, Ukraine intensifies efforts to forge stronger connections with African nations, enhancing its diplomatic and humanitarian outreach. Plans include increasing its embassies across...

Brazil’s Births Hit 45-Year Low in 2022

In 2022, Brazil recorded only 2.54 million births, marking a 3.5% decrease from 2021 and the lowest figure in 45 years. The fall was 11.4%...

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