In 2023, Mozambique broke records by producing over 1.6 tons of gold, surpassing both previous and expected figures for the next year. The Ministry of Economy and Finance MEF report showed a production of 1,666.4 kilograms, a 32% increase from 2022’s 1,263.8 kilograms. This growth in gold production pushed Mozambique’s earnings close to $111.6 million […]
Related Posts
Uzbekistan’s US$580 million investment in tourism: a quest for global recognition
The Silk Road Samarkand Tourist Complex in Uzbekistan, constructed for US$580 million, symbolizes the nation’s ambitious aim to attract a significant increase in tourism. The complex, a new addition to the historic city of Samarkand on the ancient Silk Road, houses eight luxury hotels, 35 restaurants, a conference center, and other amenities designed for vacationers […]
Chile’s Economic Slump: A Second Hit in a Row
Chile’s economy has contracted for two straight months due to declines in mining and commerce, dampening early-year growth. April’s Monthly Economic Activity Indicator (Imacec), a proxy for GDP, fell by 0.3%. This drop was less severe than the forecasted 0.6%, signaling a slowdown. Interestingly, compared to last April, activity has risen by 3.5%. Yet, challenges […]
Mexican government acquires Mexicana de Aviación for US$48 million: settling a 13-year armed forces dispute
The Mexican government has acquired Mexicana de Aviación, a national airline, for US$48 million. This acquisition aims to compensate 7,407 employees and end a 13-year conflict, enabling the airline to resume operations under the supervision of the Armed Forces. Ticket sales for 20 national destinations are set to begin in September, with prices touted to […]