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
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
Rwanda parliament approves draft law to regulate virtual assets Bill targets fraud, money laundering, and consumer protection risks Framework aims to...
Senegal launches DICE Africa to support SMEs via digital innovation $718,000 project spans four countries, targets circular economy growth Initiative...
Vodacom Tanzania invests $28 million to upgrade M-Pesa platform New system improves reliability, security, and transaction capacity Upgrade...
Mauritanian Zeine Zeidane has been appointed director of the IMF’s Africa Department. A former prime minister and an IMF official for more than a decade,...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...