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The Mozambican Investor

Issue: 1382nd
By Adrian Frey

Date: 1 July, 2019 Email us: themozambicaninvestor@clubofmozambique.com

EU provides €7M for disaster preparedness in Mozambique, other countries in Southern Africa and Indian Ocean region

As natural disasters threaten the most vulnerable people in the Southern Africa and Indian Ocean region, the EU is providing €7 million in humanitarian aid to increase the capacity of communities and authorities to prepare for and respond to ...

President Nyusi paying a week-long state visit to Portugal

President of Mozambique Filipe Nyusi starts a week-long state visit to Portugal from tomorrow to Juky 8,  in response to an invitation from President Marcelo Rebelo de Sousa of that country. The visit of the Mozambican Head of State is part ...

Africa is a “natural” destination for China’s industrial shift – Minister Ragendra de Sousa

Mozambique's Industry and Trade Minister Ragendra de Sousa said on Saturday that China's industrial activity has in Africa a "natural destination", given the continent's low population density and abundant resources. "China's industrial shift is ...

In Mozambique, banks cannot charge monthly interest of more than a third of their clients’ net income – but the reality is different

Commercial banks in Mozambique cannot charge customers with loans more than the a third of their monthly net income, regardless of current interest rates. "The client may approach his/her bank and agree to the restructuring of the loan, so as to ...

Developing Africa through private sector finance: Open Talk with Sérgio Pimenta, IFC’s Vice President for the Middle East and Africa

Over the years, IFC, a World Bank Group institution, has established a leading position promoting private sector investment in Africa. Working as financiers, advisers and as arrangers mobilising capital from other investors to co-invest with ...

Mozambique: Portuguese Red Cross campaign raises €2.48M for Cyclone Idai victims

A joint campaign by the Portuguese Red Cross and the country’s branch of Doctors Without Borders to support cyclone victims in Mozambique has raised €2,480,000, according to organisers of Operation Embondeiro, as it is called. "All the ...

Hulene rubbish dump collapse: Public Prosecutor recommends compensation for those affected

The Mozambican Public Prosecutor's Office (PGR) has reached the conclusion that the requisites for criminal liability have not been met in the collapse of the Hulene rubbish dump in February 2018, which killed 16 people and destroyed ...

Nine of the 11 killed in Cabo Delgado were Tanzanians: Rafael and Sirro meet in Mtwara – RM

Mozambique police and their Tanzanian counterpart met in Mutwara (Tanzania) this Sunday to draw up joint strategies aimed at combating the insurgents who have been terrorising parts of Cabo Delgado since October 2017. The meeting, led by the ...

New incident in Ponta do Ouro: Mozambique complains of border breach by South African military

A South African military officer breached the border with Mozambique on Saturday at the same point in Ponta do Ouro where two weeks ago members of South African forces killed two Mozambican agents, a police source said in Maputo. "A South African ...

 

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