The Mozambican government is considering converting its debt to Portugal into funding for climate projects. Facing climate change threats, Mozambique seeks to transform its 675 million euros debt into environmental action. As of the third quarter, Mozambique’s public debt hit 971.7 billion meticais (approximately 13.96 billion euros), growing 5.1% since late 2022. This increase, mainly […]
Related Posts
Brazil Leads as Initial Customer for Edge Group’s Advanced Missile
At the Dubai Airshow 2023, the Edge Group unveiled the Mansup-ER missile, an advanced Brazilian anti-ship and surface missile. This new version boasts an extended range of 200 km and can carry a 150 kg explosive warhead. It features in-flight reprogramming of navigation waypoints and operates close to the sea surface for evasion. This missile […]
Assaí Excels in Q1 with Remarkable Profit Growth
Assaí, a top player in the dynamic retail sector, established an impressive financial benchmark in the first quarter of 2024. The company achieved a notable 19.2% increase in net profit, reaching R$93 million ($18.06 million). This figure significantly surpassed the LSEG’s forecast of R$54.3 million ($10.54 million). Such performance not only shows resilience but also […]
Movida Achieves Profitable Q1 While Dexxos and Qualicorp Navigate Challenges
Movida (MOVI3) reversed a prior loss, reporting a Q1 2024 net profit of R$ 61.7 million ($12.09 million). Additionally, their EBITDA soared to R$ 1.059 billion ($207.65 million), reflecting a 21% year-on-year increase. The company’s adjusted EBITDA margin for rental revenues peaked at 68.3% in the first quarter. Consequently, net revenue surged by 11.8%, totaling […]