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.
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.
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.
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.
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.
The Mozambican government and the publicly owned National Hydrocarbon Company (ENH) on Thursday signed two contracts under which ENH is granted concessions to distribute and market natural gas in the northern part of Inhambane province, and in Maputo city and the adjacent district of Marracuene.
Mozambique is ranked joint 130th out of 180 countries in this year's edition of the Corruption Perception Index (CPI), published on Tuesday by the anti-corruption NGO, Transparency International (TI).
Mozambican Education Minister Aires Aly said in Maputo on Wednesday that though there are still problems of access of children to school, the main challenge to the country, at national level, is about the quality of education.
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.
"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 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".
In July 2007, the Presidents and the Boards of the African Development Bank (AfDB) and the International Fund for Agricultural Development (IFAD) requested a joint evaluation of agriculture and rural development (ARD) policies and operations of both institutions in Africa. Undertaken jointly by the independent evaluation offices of both institutions, the evaluation had four objectives. These were ...
Deolinda Matos, the first of the five accused to testify in the major corruption trial concerning the publicly owned Mozambique Airpoerts Company (ADM), on Tuesday adopted the Nuremburg defence - everything she had done, she claimed, was on the orders of her superiors.
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 World Summit on Food Security, which is being held in Rome between 16 and 18 November 2009, is being fully supported by the African Development Bank (AfDB).
