Tag: Mozambique

Mozambique army condemns ‘horrifying’ shooting of naked woman at hands of fighters

Frightened people should not run from insurgents only to find themselves in danger from those supposed to keep them safe, she said.

S&P downgrades Ghana’s foreign & local currency to B-

Mozambique’s headline inflation remained unchanged at 2.8 per cent year on year in August and S&P Global Ratings downgraded Ghana’s long-term foreign and local currency sovereign ratings from B to B- as the COVID-19 pandemic will exacerbate the country’s fiscal challenges, with government debt increasing to over 70 per cent of GDP in 2020. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.

Mozambican economy faces double whammy with COVID-19, ISIS insurgency

Joining CNBC Africa to unpack the latest markets news from Angola and Mozambique is Rui Oliveir the CEO at BFA Asset Management; he will also unpack the latest first of its kind webinar that will look at sustainable growth, development and investment in Angola.

Total and Mozambique sign security pact for $20 billion natural gas project

Violence in the northern Cabo Delgado region has recently claimed dozens of lives. Earlier this month insurgents captured a heavily-defended port in the far northern town of Mocimboa da Praia.

Analysis: Why Mozambique is suffering from terror attacks

According to unconfirmed reports, suspected Islamist militants have once again attacked and occupied Mocímboa da Praia in the northern Cabo Delgado province. Reports suggest that the port town was first...

Total signs $14.9 billion debt financing for huge Mozambique LNG project

Reuters reported last month that UKEF was planning to commit around $800 million of funding - a contribution that drew criticism from environmental campaigners who say Britain should not be funding fossil fuel projects.

BFA Asset Management on Angola’s annual budget outlook

Chinese debt relief given to emerging markets that are facing the pressure from the Covid-19 pandemic may pose some threats to countries that already have vast amounts of debt owing to facilities. Joining CNBC Africa to unpack debt relief implications for Angola and Mozambique and as well as the Angolan annual budget outlook is Rui Oliveira, CEO at BFA Asset Management.

Positive economic growth prospects fuelling Mozambique property rush

Mozambique is seen as a growth potential for investment opportunities, according to the International Monetary Fund its GDP is predicted at 5.5 per cent in 2020 and inflation projected to remain low, increasing slightly to 5 per cent at the end of the year. Ettiene Erasmus, Entrepreneur of Mozambique Property Developments & Investments joins CNBC Africa for more.
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