Tag: Mozambique

Business

Mozambican President cancels WEF trip amid deadly floods

Mozambican President Daniel Chapo has canceled his planned trip to the World Economic Forum in Davos following devastating floods in the country that have killed dozens and damaged or destroyed tens of thousands of homes. The National Institute for Disaster Risk Management and Reduction said around 500,000 Mozambicans have been affected by the heavy rains […]

TotalEnergies to invest $6bn in Nigeria's Deepwater
Business

UK withdraws loan for TotalEnergies’ Mozambique power plant

The British government announced Monday it would no longer provide TotalEnergies with a loan intended for a gas project in Mozambique. According to France24, the French group had previously halted the project due to a jihadist attack in the area. This decision means the UK will withhold up to $1.15 billion in funding for the […]