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Brazil: Mercadante takes over BNDES and confirms the bank will finance leftist countries

Upon taking office this Monday, January 6, the president of the National Bank for Economic and Social Development (BNDES), Aloizio Mercadante, confirmed that the...

Brazilian BNDES: 75% of the loans for works abroad benefited Odebrecht

President Luiz Inácio Lula da Silva made it clear this week that the National Bank for Economic and Social Development (BNDES) will finance works...

Risks of resuming BNDES loans to “friends”, as Lula da Silva wants

By Guilherme Grandi The announcement made this Monday (23) by President Luiz Inácio Lula da Silva (PT) that Brazilian state banks, such as the National...

Port of Maputo breaks records in 2022 after investments

The port of Maputo broke the cargo volume record in 2022, after general modernization, rehabilitation of the pier and the extension of trains with...

Mozambican doctors hold strike against wages suspended

The Mozambican Medical Association (AMM) has decided to maintain the suspension of the class strike, which is contesting the application of the new Single...

Persecution of Christians: North Korea tops list with Cuba and Nicaragua

By Mariana Braga North Korea, some countries in Africa and Afghanistan are at the top of the persecution ranking prepared by the Open Doors Mission. Nicaragua,...

Lula da Silva’s new ministers and the impacts on agriculture

By Kellen Severo* The ministers appointed by President Lula made varied declarations in the first weeks of the government. In our focus are the speeches of...

Cape Verde enters 2023 with 10% cheaper fuels

The average value of fuels for sale in Cape Verde has dropped by more than 10% today, but remains almost 20% above the prices...

Brazilian construction companies have a legacy of major works in other countries

Brazilian construction companies have a history of major projects abroad. Most of the constructions are in Latin American countries, due to proximity. There are...

Works for Cuba and Venezuela were approved by Lula da Silva and Dilma Rousseff

By Lúcio Vaz* Financing from the National Bank for Economic and Social Development (BNDES) for works by Brazilian companies abroad arrived at the bank already...

Venezuela’s debt to Brazil reaches US$1.2 billion in arrears

By Isabella Mayer de Moura Venezuela's debt with Brazil has reached the billion-dollar mark. According to the Ministry of Economy, on Nov. 29, 2022, the...

Cost of living forces Mozambican families to cut food basket

Selling for more than 20 years at the Xipamanine market, one of the largest in Maputo, Luísa Timane tells Lusa that she has never...

Mozambican reference interest rate records largest rise in 20 months

The rate calculated monthly by AMB and the Bank of Mozambique (BM) is based on a single indexer (calculated by the central bank), which...

Mozambican President asks EU for more weapons

On October 31, Mozambican President Filipe Nyusi asked the European Union (EU) for support in arms to combat terrorism in Cabo Delgado. "That support to...

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