World Bank may revise downwards Mozambique’s economic growth forecast

World Bank may revise downwards Mozambique’s economic growth forecast

The World Bank says it may revise its growth forecast for Mozambique's economy downwards to 6.5 percent from 7 percent due to natural disasters this year and to contained public ...

Mozambique postpones fifth natural gas exploration tender – official

Mozambique postpones fifth natural gas exploration tender – official

Mozambique has postponed the deadline for bids in the fifth tender to grant natural gas research and production areas until the end of July, without giving a reason for what is the ...

Mozambique firm fails to raise $4bn for railway project

Mozambique firm fails to raise $4bn for railway project

Mozambique's Zambezia Integrated Development Corridor (CODIZA) has failed to raise about $4 billion for its railway project, the company's chairperson Abdul Crimo said on ...

W/Bank’s pledge to Ebola-hit countries hit $1.62bn

W/Bank’s pledge to Ebola-hit countries hit $1.62bn

The World Bank has announced that it would provide at least $650 million during the next 12 to 18 months to help Ebola-hit countries, the Washington-based lender said in a statement ...

Ghana’s Mahama inaugurates first desalination water project

Ghana’s Mahama inaugurates first desalination water project

Ghanaian President John Dramani Mahama on Friday inaugurated first desalination water project in Ghana with hundreds of people in Teshie Nugua, a suburb of Accra trooping to the ...

US based firm to establish $200m fertiliser plant in Nigeria

US based firm to establish $200m fertiliser plant in Nigeria

A petrochemical company, OBAX Worldwide, based in the United States has concluded plans to establish a fertiliser plant worth $200 million in Nigeria. The Managing Director, OBAX, ...

Nigeria: Bureau posts 8.5% inflation rate for March

Nigeria: Bureau posts 8.5% inflation rate for March

Nigeria's National Bureau of Statistics (NBS) has said that Nigeria's inflation rate in March was 8.5 percent, up from 8.4 percent in February. The NBS said in a statement on ...

World Bank may revise downwards Mozambique’s economic growth forecast

The World Bank says it may revise its growth forecast for Mozambique's economy downwards to 6.5 percent from 7 percent due to natural disasters this year and to contained public spending, APA observes here on Sunday. State-controlled weekly Sunday paper Domingo quotes the World Bank chief in Mozambique, Enrique Blanco Armas as saying that despite this forecast slowdown, Mozambique's economy will grow this ...

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Mozambique postpones fifth natural gas exploration tender – official

Mozambique has postponed the deadline for bids in the fifth tender to grant natural gas research and production areas until the end of July, without giving a reason for what is the tender's third postponement, APA learns here on Sunday. State-controlled Radio Mozambique says the tender involves a total of 15 blocks including 76.8 square kilometres in the Rovuma basin in the northern province of Cabo Delgado, ...

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Mozambique firm fails to raise $4bn for railway project

Mozambique's Zambezia Integrated Development Corridor (CODIZA) has failed to raise about $4 billion for its railway project, the company's chairperson Abdul Crimo said on Saturday.As the CODIZA was proposing to build 500 kilometre new railway, the spokesman said the company was unsuccessful in raising the fund since no-one will provide sums that large without cast-iron guarantees that the railway and port ...

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W/Bank’s pledge to Ebola-hit countries hit $1.62bn

The World Bank has announced that it would provide at least $650 million during the next 12 to 18 months to help Ebola-hit countries, the Washington-based lender said in a statement on Saturday.According to the statement, the pledge would help Guinea, Liberia and Sierra Leone recover from the devastating social and economic impact of the Ebola crisis and advance their longer-term development needs. The new ...

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Ghana’s Mahama inaugurates first desalination water project

Ghanaian President John Dramani Mahama on Friday inaugurated first desalination water project in Ghana with hundreds of people in Teshie Nugua, a suburb of Accra trooping to the project site to watch the historic event.The residents of Teshie and its environs have been experiencing water shortages for the past 25 years and the inauguration of the project would relieve them of the acute water shortage. ...

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US based firm to establish $200m fertiliser plant in Nigeria

A petrochemical company, OBAX Worldwide, based in the United States has concluded plans to establish a fertiliser plant worth $200 million in Nigeria. The Managing Director, OBAX, Mr Patrick Obasuyi, said in Abuja that within the next 12 months the plant would produce 150 000 tonnes of urea and 100 000 tonnes of almonium when fully operational. ”It is worth $200 million, and it will require 15 megawatt of ...

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Nigeria: Bureau posts 8.5% inflation rate for March

Nigeria's National Bureau of Statistics (NBS) has said that Nigeria's inflation rate in March was 8.5 percent, up from 8.4 percent in February. The NBS said in a statement on Thursday in Abuja that while the pace of increase in food prices remained stable for the second consecutive month, the faster increase in the headline index was driven by increases in the non-food divisions. It explained that food ...

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Botswana’s mineral production declines – Report

Botswana's Mining Production Report, compiled by Statistics Botswana and released on Friday, shows that diamond production declined 5.7 percent compared to the same quarter of the previous year.The decline is attributed to mining of lower grade ore from the key operating mines. The report also showed that gold production saw the largest decline, at 49.1 percent, as international prices continued to be ...

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Mozambique, Spain sign $50m development deal

Spain has agreed to provide Mozambique about $50 million for several development programmes in Mozambique covering the areas of health, food security, rural development and decentralization, agriculture and education, APA observes here Thursday.The agreement was signed on Wednesday by Mozambique Deputy Foreign Minister Nyeleti Mondlane, and by Spanish Secretary of State for International Cooperation, Jesus ...

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Mozambique approves 10 percent minimum wage rise

Mozambique's cabinet of ministers has approved the minimum wage in the country's public administration by 10 percent and backdated to 1 April, APA learns here on Wednesday.The cabinet decision was taken following tough bargaining with the public sector unions and the new statutory minimum wages for all other sectors of activity were announced in late March. The increases ranged from 4.13 percent for workers ...

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