Public Management

Mozambique receives $116mln EU support to combat Covid-19

Mozambique receives $116mln EU support to combat Covid-19
Tuesday, 03 November 2020 16:20

The European Union has pledged $116 million to support Mozambique in the fight against the coronavirus pandemic. The announcement was made yesterday by Antonio Sanchez-Benedito Gaspar (pictured, left), the EU envoy in the country.

The financing will be injected into programs aimed at mitigating the social and economic impacts of the crisis. According to the EU envoy, the money will be provided over two years under several transparency and control terms agreed with the country.

Like many African countries, Mozambique has been hit hard by the covid-19 health crisis, which has prompted governments to implement restrictions that slow down economic activities. According to the latest figures from the African Union, the country has recorded 12,988 confirmed cases of coronavirus with 93 deaths and 10,439 recoveries.

Antonio Sanchez-Benedito Gaspar says the new financing deal has "different characteristics" compared to the direct budgetary aid provided to Maputo under previous agreements.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Debt funding rose to $1.64 billion in 2025, a record for Africa Debt accounted for 41% of total start-up capital invested Kenya led debt...
IMF plans a staff mission to Gabon in February, with no formal program request filed. Authorities say they intend to work toward IMF support after...
Kenya’s competition authority approved Zenith Bank’s takeover of Paramount Bank. The deal would give Zenith its first foothold in the Kenyan banking...
BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitization fund admitted to the exchange. Sonabhy...
Most Read
01

The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...

South Africa’s BoxCommerce Partners with Mastercard on SME Fintech Solution
02

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
03

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
04

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
05

Africa’s trade deficit with China widened 64.5% to $102 billion in 2025 Chinese exports ...

Africa’s Trade Gap With China Hits Record $102B Even as Beijing Expands Duty-Free Access
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.