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
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Rel...
Yassir moves into media distribution in France with the acquisition of Paris-based adtech firm Kaw...
Maluku SEZ to receive river dock to boost logistics Saphir Ceramics funds dock to improve exports via river Facility supports growing industrial...
UNCDF, Co-op Bank Kenya sign guarantee to boost digital lending Risk-sharing aims expand financing access for startups, platforms Deal supports...
Nigeria considers increasing 75 MW electricity exports to Togo Talks focus on meeting rising demand and recent supply disruptions Expansion depends on...
Ghana to submit UN resolution on slave trade March 25 Draft seeks recognition as gravest crime against humanity Backed by AU, CARICOM; aims support...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...