Browsing: World Bank

Aid The 'Sopa' resettlement in Maganja da Costa district, Zambezia - The Office of the Prime Minister of Mozambique
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Climate change is expected to cause economic damages of up to US$7.4 billion between 2003-2050 in Mozambique, unless changes are made in climate and disaster risk management and financing policy, according to the World Bank. Even before Cyclone Idai hit, development finance institutions and the [...]

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Economy Mozambique finance minister Adriano Maleiane testifying in parliament regarding ProIndicus, EMATUM, and MAM, 18 May 2016
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The Mozambique government intends to disregard the sovereign guarantee it signed on the $622 million loan for offshore security company ProIndicus, and let it go bankrupt - but has reached an agreement in principle to restructure a similar loan made to ProIndicus’ sister company MAM, the [...]

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Economy The World Bank headquarters in Washington, DC
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The finance ministers of Mozambique, Zimbabwe, and Malawi will outline their countries’ needs in the wake of Cyclone Idai at a round-table meeting hosted by the World Bank in Washington, DC, later today, attended by the UK government’s minister of [...]

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Electricity Sasol's gas processing facility at Temane, Mozambique. Photo © Tom Bowker / Zitamar News
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A final investment decision (FID) on Sasol’s 400 MW gas-fired power plant in Inhambane province, and an associated transmission line to Maputo - initially slated for 2018 - is still likely to be at least 18 months away. The integrated development plan for the Central Termica de Temane (CTT) [...]

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