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African Investment Company providing insight on Africa and investing in African countries.

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Peter Schiff Hugely Right, Enormously Wrong as Hard Landing Hits

We will take a look at Schiff from two perspectives shortly. First let’s note the massive influx of workers into Chinese cities is now in reverse as Chinese job losses prompt exodus. Tens of thousands of migrant workers are leaving the southern Chinese city of Guangzhou after losing their

Lobster Prices Collapse

The Financial Times is reporting Maine lobstermen suffer as prices fall. Gerry Cushman, who runs a lobster boat out of Port Clyde in Maine, usually works overtime in November hauling traps so that he can salt away money for the long, cold months ahead. But his prospects of building

UK on Brink of Meltdown

Kenneth Clarke, the former Chancellor warns Britain is on the brink of ‘meltdown’ Mr Clarke, 68, said the British economy is headed for a “catastrophic crisis” that will be “far worse than anything that has occurred in my lifetime”. “There will be a very serious recession next year,” he

Alarm Bells Ring In Russia Over Ruble, Falling Oil Prices

Russian stocks plunged and Kuwait suspended trading as a slump in oil to below $55 a barrel roiled emerging markets and increased concern that Moscow will be forced to devalue the ruble. Russia’s Micex Index fell as much as 17 percent and was 7.5 percent lower at 12:15 p.m.

HCB increases power supply

Mozambique’s publicly owned electricity company EDM and Hidroelectrica de Cahora Bassa (HCB), which operates the Cahora Bassa dam on the Zambezi river, on 31 March signed an agreement under which HCB is to sell an additional 100 megawatts to EDM.

Tourism programme approved

The International Finance Corporation (IFC), the private sector funding wing of the World Bank, announced on 6 May that it has signed with the Mozambican government an investment programme to develop the tourism sector in the country. The programme, expected

Investment in rural filling stations

The Mozambican government is planning to invest about $3 million in a project to build filling stations in rural areas powered by solar panels. According to the chairperson of the National Energy Fund (FUNAE), Miquelina Menezes, in an initial stage

ADB approves fertiliser scheme

The annual meeting of the governors of the African Development Bank (ADB), held in Maputo on 14 and 15 May, approved the creation of an African Fertiliser Facility, which will make fertilizer available to African farmers at affordable prices. The

Child and maternal mortality rates drop

Mozambique’s infant, under-five and maternal mortality rates have all declined in recent years, but still remain alarmingly high. Launching the “Road Map” on how to reduce these mortality rates on 14 May, the national director of health

Economic report looks at mega-projects

While the Mozambican economy has shown “impressive growth” in recent years, it remains driven mainly by aid inflows, and mega-projects that provide little in the way of direct employment or tax revenue. This is the assessment of Mozambique given in

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