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News Feed Article 105 – 5 . Metical depreciates against Euro and US dollar

  The Mozambican currency depreciated against the Euro and the US dollar last week, according to the central bank’s daily average exchange rates, followed by Lusa. The Euro was being bought in Mozambique at 67.69 meticais, 1.87 meticais cents more than last week, while the sale was made at 69.04 meticais, 1.90 meticais more. The European currency is recovering from …

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News Feed Article 105 – 4. Mozambique starts paying back Maputo-Catembe Bridge loan next year

Starting next year, the Mozambican government will start paying the first tranche of the loan for the construction of the Maputo-Ka Tembe bridge, estimated at more than US$700 million. The government has benefited from a four-year “grace period” on repayment of the loan, which expires in 2018, Minister of Public Works, Housing and Water Resources João Machatine revealed exclusively to …

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News feed Article 105 – 2. Germany promises to strengthen support for Mozambique

Gerd Muller, the German Minister for Economic Cooperation and Development, has pledged to strengthen support for Mozambique in the areas of education, agriculture, energy and good governance. “The focus of our support over the next two years will be on agriculture and energy,” Gerd Muller said on Sunday after a meeting with Mozambique’s Economy and Finance Minister, Adriano Maleiane. The …

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News feed Article 105 – 1. Mozambique: Foreign Minister visits Singapore

  The Minister of Foreign Affairs and Cooperation of Mozambique, José Pacheco, is on a two-day visit to Singapore to strengthen relations with the Asian country. Minister Pacheco is participating in the Third Singapore-Sub-Saharan Africa High-Level Ministerial Exchange Visit, with the theme “Singapore and Africa: Partners for Smart Cities”. On the sidelines of the event, José Pacheco will be received by …

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News Feed Article – 104 -12 – Mozambique Electricity

Mozambique Electricity (EDM) plans to connect 400,000 families a year to the public electricity grid, and accomplish universal access to electricity by 2030, the company has announced. Quoted in today’s Noticias, EDM Executive Director Carlos Yum says that 165,000 new families had been connected to the national grid by September this year, and that the rapid expansion of connectivity was …

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News Feed Article 104-11 – Mozambique and Sweden celebrate 40 years

  Sweden celebrates this year’s 40th anniversary of cooperation with Mozambique in the Energy Sector, a partnership that began in 1978 aimed at restructuring and rebuilding of electricity infrastructures with a focus on sustainable energy sources, rural electrification and support to capacity building. Between 1978 and 2018, Sweden disbursed close to SEK 1,5 billion, corresponding to 9.7 billion meticais, for …

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