MAPUTO Mozambique (Xinhua) --
The Mozambican government announced Thursday that it has a deficit of 77 billion
U.S. dollars for the state budget as the international partners continued to
suspend support for the country.
government spokeswoman Ana Comoana, the 77-billion-dollar deficits correspond to
9.7 percent of GDP this year, compared to 10.7 percent in 2016.
principle, we will cover this deficit through internal credit corresponding to
2.3 percent of GDP and external donations that may come from traditional donors
or partners with whom Mozambique will recover agreements following the
suspension of support,” said Comoana.
coming 2018, the Mozambican government expects a GDP growth of 5.3 percent
against 4.7 percent this year.
spokeswoman said that efforts have been made to normalize cooperation with
donors that have suspended aid. Meanwhile, the government will bet on fiscal
consolidation through revenue collection and containment of public spending.
Mozambican economy is going through a critical moment after undeclared debts of
2 billion dollars have been made public, leaving the state’s safes empty.
Mozambique, Malawi agree to upgrade Nacala
MAPUTO Mozambique (Xinhua) --
Mozambique and Malawi signed here on Friday an agreement to expand and modernize
the Nacala Development Corridor.
includes a railway that crosses the two countries and will stimulate the
operations of the economic activities, trade and transport of coal.
the signing ceremony, Mozambique’s Minister of Foreign Affairs and Cooperation,
Oldemiro Baloi, said the expansion of the Nacala Corridor will boost the
development of the mining, agriculture, transport and logistics sectors in both
countries and the region.
Government of Mozambique, this is a valuable contribution to materializing our
objectives in the chapter on the modernization and expansion of iron-port
infrastructures, giving greater robustness to the national economy and better
capacity to respond efficiently to the needs of access to the ocean from the
inland countries, the Republic of Malawi and the Republic of Zambia,” said the
Minister of Transport and Public Services Jappie Mhango said upgrading the
railway line will boost the region’s economy and will improve the trade of small
and large entrepreneurs who are the backbone of most of the economies.
development of the transport and communication sector is one of the strategic
pillars of the Government of Malawi’s action, taking into account the
transversality of this sector in the national economy,” said Mhango.
Corridor leaves the province of Nampula, passes through the province of Lichinga
and Tete in the north of Mozambique and leaves for Malawi.
investment for the expansion of the Nacala Corridor is worth 2.5 billion U.S.
dollars, and was financed by the Brazilian company Vale. Since 2011, the project
has undergone renovations to boost the mining industry among several countries
in the Southern African region.
Nine Malawians arrested for illegal mining in
MAPUTO Mozambique(Xinhua) --
The Mozambican authorities announced here on Tuesday the arrest of nine
Malawians found to be carrying out illegal mining in the National Reserve of
Niassa, northern Mozambique.
police in that province, the so-called ‘garimpeiros’ were carrying out
activities in the district of Mecula.
detained have been researching and exploiting mineral resources within the
Niassa National Reserve, and it is the second time they have been found and
expelled, but some of them (six) returned,” said Miguel Bilhardo from local
He added that
the citizens are in illegal situation, and they will be repatriated within days,
due to the lack of space in jails of that province.
to the threat to the environment, what is most worrying us as authorities is the
fact that the illegal mining activities are done in places of high risk of
landslide,” said Bilhardo.
miners have been searching for gold, green tourmaline, and copper, using sieves
and sacks to extract the minerals.