The objective of the project is to help reduce rural poverty in Uganda by facilitating access to and utilization of affordable financial and business development services for an estimated 1.4 million rural poor in the country's districts.
United Bank for Africa (UBA) Liberia Limited has signed a $10 million financing deal with Liberia's leading telecom company, Lonestar Limited; a company owned 51% by MTN Communications Limited for a network expansion programme. The deal is one of the biggest single projects financing by a commercial bank in the country and underscores UBA Group's role in project financing across Africa.
Mozambique's former Transport Minister, Antonio Munguambe, on Wednesday admitted that he had requested a large loan from the publicly owned airports company, ADM, to pay school fees for his children studying in South Africa.
The second phase of the Dar es Salaam-Isaka-Kigali/Keza-Musongati Railway project study will cover the existing 970-km Dar es Salaam-Isaka railway link and its extensions.
"Hunger is the lack of rain." ("A fome é a falta de chuva"): these are the words of a local farmer from Chicualacuala, a small town situated in the South-west of Mozambique, when asked about the causes of food insecurity in the country.
The World Bank has provided a 110 million US dollar credit to Mozambique as direct budget support, under an agreement signed in Maputo on Friday by Planning and Cooperation Minister Aiuba Cuereneia and the World Bank representative in Maputo, Luiz Tavares.
The claim that biofuels are a threat to food security comes from multinational oil companies, who fear that biofuels are a threat to their business, alleged Jose Bellini, coordinator for agrobusiness of the Brazilian Agriculture and Livestock Research company, EMBRAPA, in Maputo on Thursday.
The Southern African Railways Association (SARA) held its 29th board meeting in Maputo on Friday, bringing together railway managers from across the southern African region.
The Political Commission of Mozambique's main opposition party, the former rebel movement Renamo, began an extraordinary session in the northern city of Nampula on Thursday to define the party's future after its crushing defeat in the general and provincial elections of 28 October.
Mozambique is the biggest beneficiary of the ProAfrica programme, a research initiative of the Brazilian government, involving scientists from various African countries.
The supposedly mysterious disease that has been claiming victims in Tsangano district, in the western Mozambican province of Tete, has been identified as typhoid fever, reports Friday's issue of the Maputo daily "Noticias".
Mozambican President Armando Guebuza on Thursday swore into office Lucia do Amaral and Irene Afonso as Assistant Attorney-Generals.
The former chairperson of the Mozambican Airport Company (ADM), Diodino Cambaza, on Thursday admitted that irregularities had occurred while he was running the company, but tried to shift the blame onto the shoulders of successive financial directors.
European Union election observers noted "numerous irregularities" during the count at polling stations during Mozambique's general and provincial elections of 28 October - but the EU mission estimates that this malpractice did not significantly affect the results.
Mozambican Brazilian, and Southern African business people are meeting for two days in Maputo to look into investment opportunities for producing biofuels, particularly ethanol, from sugar cane in Mozambique.
