News & Events
18/01/2019 - Locally grown rice and vegetables are flourishing in Mozambique’s Massangena district, a testament to the success of an agriculture and rural development project that has brought massive dividends to inhabitants of the traditional farming region, once seen as semi-arid.
26/11/2018 - Mozambique has made significant strides despite an economic slump over the past two years, according to the latest African Development Bank Country Result Brief. Between 2004 and 2015, Mozambique was one of Africa’s fastest-growing economies, but a drop in GDP growth poses a number of challenges for the Southern African coastal economy.
08/11/2018 - The projects form part of a development finance compact between the Bank, the government of Portugal, and the six Portuguese-speaking countries of Africa - Angola, Cabo Verde, Equatorial Guinea, Guinea-Bissau, Mozambique, and Sao Tomé and Principe, also known as PALOPs. The compact, signed at the African Investment Forum in Johannesburg on Tuesday, stems from efforts by the African Development Bank to bring more focus on the private sector in the PALOPs.
02/11/2018 - The African Development Bank and Mozambique’s Lúrio University recently launched the UniLúrio Support to Skills Development for Agriculture and Industry Programme in Pemba, and, awarded 68 scholarships of which 39 (57%) were allocated to women. The Bank is investing UA 11.10 million (US$ 15.5 million), grant in the five-year project.
21/09/2018 - Investors and members of Mozambique’s business and financial community have presented nearly 30 development projects for the Africa Investment Forum (AIF), the African Development Bank’s new transactional platform for mobilizing investments in the continent.
27/06/2018 - Mozambique’s agriculture sector plays a paramount role in its economy, in particular from a rural growth perspective, given its large yet untapped potential for agro-business and agricultural value chains. The private sector also remains a critical player in the country’s development process. However, lack of infrastructure and support to agricultural transformation and value chain development have disadvantaged rural populations and the country’s agriculture potential.
08/06/2018 - A Mozambican delegation headed by Economy Minister Adriano Maleiane participated in the African Development Bank’s Annual Meetings in Busan, Korea, a key conference on economic affairs for the continent at which Finance Ministers from the Bank’s 80 Member States meet with academics, development partners and civil society organizations.
05/06/2018 - The Mozambican Government seeks to provide universal access to electricity for economic development. To that end, the Electricity IV project was co-financed by the African Development Bank, the Government of Mozambique and the OPEC Fund for International Development. Implemented for over 10 years, the project was completed in 2017.
16/04/2018 - For the first time ever, the African Development Bank has released summaries of the African Economic Outlook (AEO), its main flagship report, in three African languages: Arabic, Hausa and Kiswahili. These three languages are among the most widely spoken by over 300 million Africans. Releasing the report in local languages aims to increase accessibility of the publication’s findings to a large segment of Africans and promote linguistic inclusiveness. This release is also the latest innovation for increasing the relevance and timeliness of the African Economic Outlook.
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10/04/2018 - The Southern African Governors of the African Development Bank have described the Bank as the future of Africa’s development, and called on it to lead the way to faster-paced development of the continent.