Tag: Mozambique

Mozambique clears $701 million IMF debt as African nations cut borrowing
BusinessGlobal News

Mozambique clears IMF debt as African nations cut foreign borrowing

Mozambique has fully repaid its $701 million debt to the International Monetary Fund, a rare move among African economies working to ease pressure from external borrowing and tighten public finances.  The payment, disclosed in a research note by Standard Bank, clears Mozambique’s balance with the Washington-based lender and brings an end to its outstanding obligations. It also led to the…

Oluwatosin Alao Oluwatosin Alao
A TotalEnergies fuel station illuminated at night, showcasing the company’s retail network presence.
BusinessLuxury

Mozambique bonds jump as TotalEnergies resumes LNG project

At a Glance Mozambique’s sovereign bonds surged on Monday after France’s TotalEnergies SE lifted force majeure on its $20 billion liquefied natural gas project — a long-awaited move that marks a turning point for one of Africa’s most ambitious energy ventures.  The decision has revived confidence among investors who view the LNG development as central to Mozambique’s economic recovery. It…

Oluwatosin Alao Oluwatosin Alao
ZANZIBAR
LuxuryTourism

Africa’s top 10 emerging beach resorts along the Indian ocean coast

Africa’s Indian Ocean coast is fast rising as a luxury escape, with eco-chic resorts offering barefoot bliss, privacy, and cultural immersion.

Timilehin Adejumobi Timilehin Adejumobi