Friday 17 November 2017
(Macauhub 09/19/17)
Mozambique’s banking sector has become reliant on loans to the public sector to maintain growth due to the economic environment created by the state’s financial default in 2016, according to consultancy BMI Research. In a note on the financial sector sent to analysts, the Fitch group consultancy adds that this is because “the government has increasingly been kept away from international markets following the disclosure of hidden debts and subsequent financial default.” With limited access to external financing, the government has increasingly relied on national banks for credit, BMI said, adding that this is unlikely to be a sustainable growth model for banks. BMI Research added that credit provided by banks to the government through the purchase of public debt...
(AFP (eng) 09/18/17)
A 17-year-old albino boy was killed and his brain removed for what is believed to be use in witchcraft in Mozambique, local news reports said. Albinos in Mozambique are often hunted for their body parts, which are used as charms and magical potions in the belief that they bring wealth and good luck. "The criminals took the bones out of the arms and legs, the hair and broke the head to remove the brain," a local official told Mozambican news agency AIM. The body was found after the boy was killed on Wednesday in the Benga area of Tete province, AIM said. Lurdes Ferreira, a police spokesman in the Tete province, said police are investigating the teenager's kidnap and murder...
(The Guardian 09/18/17)
Anna Jones says that, through selling its cocoa cheaply, Africa is exporting its wealth overseas; while Sue Banford claims that the soya moratorium in the Amazon has done nothing to halt deforestation. Only the final paragraph in your article on cocoa farming causing deforestation in Ivory Coast (Forests pay price for world’s taste for cocoa, 14 September) mentioned the most fundamental thing – the farmer’s livelihood, or lack of it. The low value of his (or more likely her) crop is undoubtedly the cause of this problem. But cocoa farming could also provide the solution. Recently, I was in Ivory Coast for the African Green Revolution Forum (AGRF) in Abidjan. It united many different parties – governments, the UN’s Food...
(Xinhuanet 09/15/17)
The Political Commission of the ruling party in Mozambique, Frelimo, has elected the current president of the country Filipe Nyusi to be the candidate for the next presidential election in 2019. According to the resolution approved by Frelimo's committee, the constant dialogue and willingness to reach an effective peace agreement with the leader of the main opposition party, Afonso Dlhakama, were important to support Nyusi to be the leader for the party and a presidential candidate for the country. The decision was made during the 95th Ordinary Session of the Frelimo Political Committee held Wednesday in Maputo. "I am very happy that my party has trusted me once again to be the candidate," Nyusi said in a press release on...
(Bloomberg 09/15/17)
Societe Generale SA, challenged on its home turf by Orange SA’s push into banking, is fighting back with a new mobile lender in Africa. The French lender started YUP, a new app for smartphones, in Senegal and Ivory Coast and plans to begin operating in four other sub-Saharan countries this year and next, the company said on Thursday. The bank aims to double its client base to 2 million in the region within three years. “Telcos have opened the way and they’ve gotten ahead,” Alexandre Maymat, who oversees Societe Generale’s operations in French-speaking Africa, said at a press briefing. “We’re catching up” by redefining the retail strategy and providing a broader offering than telephone companies. Chief Executive Officer Frederic Oudea...
(APA 09/14/17)
APA-Maputo (Mozambique) - The United Nations World Food Programme (WFP) has launched a new five-year strategic plan to combat hunger in Mozambique, a country where more than 579,000 children will need treatment from the effects of severe hunger this year alone and five million people urgently need food assistance. The WFP said in a statement on Thursday that the plan for Mozambique is part of a series of new plans initiated by the United Nations agency in several countries around the world, and is aligned with the UN Sustainable Development Agenda for 2030 that aims to transform the planet earth into a place free from poverty and inequalities. It said the plan fully supports Mozambique's main national development priorities, including...
(APA 09/13/17)
The Mozambican government has approved a US$25-million tourism project that seeks to increase the competitiveness of the sector, taking advantage of the country’s potential and providing quality tourist services. Cabinet spokesperson Ana Comoana told journalists on Tuesday night after a cabinet meeting in Maputo that two South African and United States companies have been authorised to develop a tourism and conservation farm at Mapulanguene Administrative Post in Magude district in Maputo province. "They (South African and US companies) have created a locally-based joint venture firm known as Nuanetsi Lda for this purpose,” said Comoana
(Xinhuanet 09/13/17)
Mozambique's anti-corruption authorities on Tuesday initiated here a trial of 28 officials who allegedly diverted 2.7 million U.S. dollars from the national fund for agriculture. Setina Titosse, the kingpin of the alleged fraud, is the former managing director of the Agriculture Development Fund (FDA). She was arrested soon after the anti-corruption bureau gathered evidence of her crimes. Titosse was accused of involvement in approving fictitious agriculture projects. Since most did not exist or were partly implemented, the money was later transferred to her bank account. The defendants are facing 355 charges including corruption, money laundering, embezzlement, passive and active corruption, abuse of power, and payment of undue remunerations. An in-depth report by the daily Noticias found that there were a...
(Xinhuanet 09/13/17)
In an effort to promote economic development and solve complex conservation challenges facing world heritage sites, the African World Heritage Fund Patron and former President of Namibia Hifikepunye Pohamba will host a business leader's breakfast event in Namibian Capital, Windhoek on Thursday. The African World Heritage Fund is an initiative of the African Member States of the African Union and UNESCO, launched in 2006. Webber Ndoro, executive director of the African World Heritage Fund, at a media briefing on Tuesday in Windhoek said that the aim of the event is to promote a holistic private sector engagement, raise a sense of ownership and accountability for heritage protection as well as transmission of World Heritage sites in Namibia and Africa. "To...
(Xinhuanet 09/12/17)
Unitaid, an international organization hosted by the World Health Organization (WHO), launched here on Monday a project to bring malaria prevention care to 400,000 pregnant women and their babies in four African countries. According to Unitaid, with a budget of 50 million U.S. dollars, the "Transforming Intermittent Preventive Treatment for Optimal Pregnancy" (TIPTOP) project will be implemented in the Democratic Republic of Congo, Madagascar, Mozambique and Nigeria, countries from the Sub-Saharan region hit by malaria. In Mozambique in particular, latest statistics indicated that more than 28 percent pregnant women are infected with malaria. The project will benefit 100,000 women from the province of Sofala in the central region of the country and will later be expanded to Nampula, the country's...
(Reuters (Eng) 09/12/17)
Olympic boxing’s governing body, AIBA, has banned African confederation head Kelani Bayor for three years for allegedly provoking the crowd at the continental championships in Brazzaville last June. Bayor is an AIBA vice-president and executive committee member as well as chairman of Togo’s national Olympic committee. “The Disciplinary Commission found that a hostile and threatening reaction to AIBA officials by spectators after the result of a bout on the last day of the competition was exacerbated by comments from Mr Bayor,” AIBA said in a statement on Monday. It found Bayor had “committed serious and unacceptable violations of the AIBA Disciplinary Code” at the tournament in Congo Republic. AIBA said the ban was from all boxing activities and responsibilities and...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope to look past Brexit turmoil. “Even if I hadn’t had the money put aside, I would have found a way to pay for it,” said Corrie, 50, who estimates the business she runs with her husband would have lost 10,000...
(Xinhuanet 09/08/17)
Communication ministers from the Southern Development Community (SADC) countries vowed on Thursday to turn the region into an information and knowledge-based economy. This emerged from a ICT (information and communication technology) meeting taking place in Durban, a coastal city in southeastern South Africa. Communication ministers from 15 SADC countries have been meeting in Durban since Monday to discuss the region's ICT infrastructure. The meeting, also attended by policy regulators, implementing agencies and ICT industry players, was designed to help create a more integrated region and help move its communication systems forward. "An accessible, affordable and reliable telecommunications is essential for us to benefit from the Fourth Industrial Revolution which has the potential to leapfrog SADC region economically and socially as...
(APA 09/08/17)
Deprivation and marginalization, underpinned by weak governance, are primary forces driving young Africans into violent extremism, according to a comprehensive new study by the United Nations Development Programme (UNDP), the first study of its kind. Based on interviews with 495 voluntary recruits to extremist organizations such as Al-Shabaab and Boko Haram, the new study also found that it is often perceived state violence or abuse of power that provides the final tipping point for the decision to join an extremist group. “Journey to Extremism in Africa: Drivers, Incentives and the Tipping Point for Recruitment” presents the results of a two-year UNDP Africa study on recruitment in the most prominent extremist groups in Africa. The study reveals a picture of a...
(APA 09/07/17)
The government in Maputo has identified two foreign firms that will build an ambitious 3,800-kilometre north-south rail link costing US$20 billion. "It (the project) would cost about US$20 billion dollars to build the 3,800 kilometres of new railway to connect existing lines between the coast and the interior. The project would provide links to existing ports and those contemplated in the coming years", Mozambique’s Minister of Transport and Communications Carlos Mesquita told the Fifth Engineering Congress of Mozambique, which got underway in the capital on Wednesday. According to Mesquita, the North-South Corridor project awaits completion of feasibility studies, whose results will be presented by the end of this year. "Details on the start of construction of the line, costs, among...
(Bloomberg 09/07/17)
African Rainbow Minerals Ltd., the miner chaired by South Africa’s richest black businessman, will pay a record dividend this year as rising iron-ore and manganese prices boosted earnings at its ferrous unit. ARM will pay investors 6.50 rand a share, almost triple that of the previous year, and its 11th consecutive dividend, the Johannesburg-based company said in a statement Thursday. The company benefited from a 45 percent increase in prices received for exported iron ore and 93 percent more for its manganese. While ARM is “confident in the long-term outlook for commodities,” the company said prices will “remain volatile” this year. The rand, in which ARM pays most of its costs, has strengthened against the dollar this year, reducing earnings...
(Bloomberg 09/05/17)
A surge in agriculture has helped lift Africa’s biggest economies out of their slumps, but the recovery may be weak. Gross domestic product in Nigeria, the continent’s largest crude producer, advanced for the first time in six quarters in the three months ended June from a year earlier, growing 0.55 percent, the statistics agency said. In South Africa, GDP expanded 2.5 percent from the previous quarter, ending the second recession in almost a decade. Both economies had agriculture largely to thank: in South Africa, a bumper corn harvest following the worst drought in more than a century saw the sector surge 34 percent from the prior quarter, while in Nigeria, where farming vies with industries as the second-biggest contributor to...
( The Southern Times 09/04/17)
The Mozambican government has strongly condemned the attempt by Morocco to prevent a delegation from the Saharawi Arab Democratic Republic (SADR) from participating at last week’s Tokyo International Conference on African Development (TICAD) ministerial meeting in Maputo. On Thursday, the first day of the meeting, the Moroccan delegation, in full sight of journalists, attempted physically to stop the SADR delegation from entering the conference hall. An angry exchange between the two delegations degenerated into shoving and pushing, which was eventually broken up by security guards. A statement issued by the Mozambican Foreign Ministry put the blame for the incident on the shoulders of Morocco. It pointed out that the meeting had been jointly organised by the Japanese and Mozambican authorities...
(APA 09/04/17)
Mozambique's Ministry of Transport and Communications has set a 2018 target to start construction of a $2.7 billion coal export railway and port terminal project in the central region of the country, hoping to conclude it in the first quarter of 2021, APA can report on Monday. The head of the Ministry’s legal department, Luis Chauque, told APA in an interview that the government has picked Bangkok-based contractor Italian-Thai Development Pcl to construct the 537 km rail line, from the Moatize coal mines in Tete province to Macuse on the coast in Zambezia province. "The project forms part of ambitious plans made by Mozambique with foreign investment partners to become a major exporter of metallurgical and thermal coal to the...
(APA 09/04/17)
Amelia Macie’s childhood dream had been to become a secondary school teacher, but family poverty and the civil war which gripped Mozambique after independence shattered it all. Growing up in the Mafuaine village of Namaacha District, some 40 kilometres in the south-west of the capital, Maputo, the young woman, now 29, had to endure all the difficulties a rural girl-child is exposed to. Her parents were not employed and had no source of income, which means when her body could now handle it, she had to help them or even take over in duties like fetching food, water and firewood, as well as ensuring other daily family needs are catered for. “I only did my first year of primary education...

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