Africa > East Africa > Mozambique > Maputo City

  • Tripartite Free Trade Area plods along slowly in Africa

    Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%.

    However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations.

    Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.
     

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  • Shaken but not stirred: Mozambique's banks look forward with optimism

    At the same time as Société Générale Moçambique (SGM) opened a gleaming new headquarters in Maputo in March, the ceremony marked not only a new phase in the French group’s expansion in sub-Saharan Africa, but as well a demonstration of confidence in a country that has been battered over the completed two years by an economic downturn, a deficit crisis and two bank failures.

    The 'tuna bond' scandal, donor suspensions, a sharp rise in inflation rates and slower economic growth have made for a difficult operating environment for Mozambique's banks in the past couple of years. However, Peter Wise discovers a sector where optimism very much prevails.
     

    Speaking at the inauguration, Alexandre Maymat, the chief of African operations at Société Générale, said SGM planned to grow through a two-pronged strategy of mobile banking and extending its retail franchise across Mozambique, adding that Africa could become a model for additional mature, developed economies in the deployment of mobile banking technologies.

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  • Global economic gravity rapidly pulling towards Africa

    The second International Conference on the Emergence of Africa (ICEA) was held in Abidjan, Côte d’Ivoire, in March 2017.

    Since the initial conference in 2015 — at a time of robust economic increase on the continent — hopes for economic evolution have dimmed because of a crash in the price of commodities, volatile world financial markets and a slowdown in world increase. Before departing New York to attend the second ICEA conference, jointly organised by the World Bank, the African Development Bank and the United Nations Development Programme (UNDP), Assistant Secretary-General of the UN and chief of UNDP’s Regional Bureau for Africa Abdoulaye Mar Dieye sat down for an interview with Africa Renewal’s Kingsley Ighobor to talk about Africa’s economic development opportunities and challenges.

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hina Shandong Economic & Technical Cooperation Group LTD(SCI),
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Key Facts

Government  •  Municipal Council President David Simango
Area  • Total 346 km2 (134 sq mi)
Population (2007)  • Total1,766,184
Time zone CAT (UTC+2)
Area Code & Prefix  (+258) 21-XX-XX-XX

  • Climate change laws around the world

    2017/05/14

    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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  • Mozambique banking sector attracts the attention of major international banks

    2015/07/26

    The Mozambique banking sector, which has high increase and good business prospects arising from foreign investment in exploration of natural resources, is attracting the attention of major international banks, according to Eaglestone Securities.

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  • Hydropower projects in Mozambique attract Chinese groups Three Gorges and State Grid

    2015/07/06

    Mozambique is a target country in the internationalisation of China Three Gorges and China National Grid and two major hydroelectric projects that are being launched are of interest to these Chinese groups and their Portuguese subsidiaries.

    Paul Muxanga, chairman of the Cahora Bassa Hydroelectric Dam (HCB), said recently that the long-awaited construction of the northern plant of the Cahora Bassa hydroelectric facility should be initiated any minute at this time, a project which, according to the Portuguese financial daily Diário Económico, is “in the sights” of the two Chinese groups.

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  • Mozambique to 2018 - Managers, Mediators and Magnates

    2015/06/24

    Mozambique's ambitious new executive must find ways to bridge a set of gaps: between the core and the periphery; between political parties - established and new; and between the interests of business and the stark fact that Mozambique remains extremely poor, according to a new statement.

    Recent political developments in Mozambique mark the beginning of an significant era. The party of government, the Mozambique Liberation Front (FRELIMO), is clearly anxious to back the newly elected chief of national, Filipe Nyusi, who - following an initial tussle with his predecessor - is apparently keen to open a different style of dialogue with his rivals both part the country's opposition parties and within FRELIMO itself. This apparent political maturing comes at a time at the same time as the prospect of significant economic transition is gaining ground.

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  • China’s business in Portuguese-speaking countries continues to increase

    2015/01/02

    The re-opening of the Benguela railway in 2014 will remain as China’s flagship project in Angola, but as well as a symbol of a year in which the relationship between China and Portuguese-speaking nations continued to increase.

    Chinese ties with Angola, Mozambique and Cabo Verde (Cape Verde) involve Macau and Portugal, which in 2014 saw Chinese investment in the country rise to 10 billion euros, with several new deals expected in 2015, this time in the financial sector.

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  • China proposes 3-year action plan in Macau

    2013/11/18

    Economic and trade cooperation between China and the Portuguese-speaking nations will be deepened, Chinese Vice Premier Wang Yang guaranteed on Tuesday in Macau, announcing an eight-point plan with specific measures to be implemented between 2014 and 2016.

    In the opening speech of the fourth Ministerial Conference of Forum Macau, Wang said that the initial of those measures would be the Chinese government’s granting of subsidised loans worth 1.8 billion yuan (US$293 million) to the Portuguese-speaking African and Asian Forum member nations.

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  • Former president Joaquim Chissano discusses the attitude of Renamo

    2015/09/18

    Mozambique’s ex-president Joaquim Chissano talks to PM Communications about the country’s major achievements as it completes its 40th anniversary of independence. He takes the luck to criticize the attitude of Renamo – the major opposition party – as it threatens to return to war for not recognizing the victory of Frelimo in the last elections.

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  • Rosário Mualeia Chairman of the Board of Directors of Mozambique's Ports and Railways

    2013/08/08

    The consensus reached between Mozambique’s public and private sectors is a shared vision to utilise the recently found natural resources to invest in its social infrastructure, as well as its physical infrastructure such as ports and railroads. What is your opinion on this new path Mozambique is following and what is the role of CFM to turn the development plans into a reality?

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  • Alberto Clementino A. Vaquina, Prime Minister of Mozambique

    2013/08/06
    Alberto Clementino A. Vaquina, Prime Minister of Mozambique, speaks to Upper Reach about the opportunities that abound in the country outside its minerals industry, with the government regarding the private sector as “a partner for development and not as a rival” as it strives to create a new entrepreneurial class that will serve as a key tool in reducing poverty and increasing prosperity.
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  • Victor Borges Mozambican Minister of Fisheries

    2013/04/28

    The last decade has molded an outstanding economic context for Africa, in which Mozambique is a prominent player part amount nations. The General Peace Agreement provided a consolidated base to overcome challenges and further advance the economy and society. With the discovery of natural resources, we are seeing an even additional promising next in the long term. As one of the key ministers of the country, what is your assessment of the last 20 years and what lessons has the country learned to take each right step someday?

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