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
Guinea’s central bank has relaunched the creation of a national stock exchange. The reform aims to expand long-term financing in local currency and...
Senegal raised CFA108.79 billion ($195 million) on the regional market but at rising short-term borrowing costs. Its 364-day yield reached 6.79%, 63...
Nigeria’s real GDP grew 4.07% year-on-year in Q4 2025, up from 3.98% in Q3, according to the National Bureau of Statistics. Oil sector growth...
BGFIBank Cameroon raises capital from 20 to 50 billion CFA Move exceeds new CEMAC minimum capital requirement Reform aims to boost resilience, expand...
Most Read
01

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
02

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
03

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...

BOAD Defends Sovereign Bond Purchases as Liquidity Management, Not Budget Support
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.