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Top 5 mozambique News Today

#1
How the cuts have shaken HIV/Aids care to its core and will mean millions more infections ahead
#1 out of 5
health1d ago

How the cuts have shaken HIV/Aids care to its core and will mean millions more infections ahead

https://www.theguardian.com/global-development/2025/dec/01/global-health-hiv-aids-funding-cuts-infections-prevention
Theguardian.com
  • External health aid in 2025 is estimated to be 30%–40% lower than 2023, hitting prevention and community services hardest.
  • UNAIDS warns reforms are needed to avert 3.3 million new infections by 2030 if funding and services don’t rebound.
  • In several sub-Saharan countries, prevention programs funded by donors have been most affected, widening gaps for key populations.
  • Zimbabwe and Mozambique report clinic closures and stockouts, undermining access to HIV care.
  • Some countries are increasing domestic funding, signaling potential new, homegrown HIV responses.
  • Long-acting HIV prevention drugs are gaining momentum amid policy shifts and funding challenges.
  • Community-led organizations, previously funded by donors, have closed, reducing outreach.
  • Key populations, including LGBTQ+ individuals and sex workers, face increased barriers to care due to funding gaps.
  • Some gains have been made through domestic investment and better targeted programs despite cuts.
  • Experts emphasize political courage to protect human rights and sustain prevention and prevention access.
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#2
UK drops funding for TotalEnergies’ massacre-linked gas project
#2 out of 5
world1d ago

UK drops funding for TotalEnergies’ massacre-linked gas project

https://www.politico.eu/article/uk-drops-funding-massacre-linked-gas-project-mozambique/https://www.theguardian.com/business/2025/dec/01/uk-loan-mozambique-gas-project-totalenergies
Politico.eu and 1 more
  • UK confirms it has withdrawn UKEF support from the Mozambique LNG project, ending official participation and financial backing.
  • Officials justify the move by citing rising risks to UK taxpayers since 2020 after a detailed risk assessment.
  • Campaign groups praise the decision, linking the project to climate damage and human rights concerns.
  • The project faced opposition since 2020 and sparked debates over climate commitments abroad.
  • TotalEnergies and banks faced renewed calls to withdraw support amid human rights concerns.
  • The Mozambique financing decision is tied to concerns over instability and violence in Cabo Delgado.
  • Officials state ending funding serves UK taxpayers' interests, supported by a comprehensive project review.
  • UK Export Finance will reimburse already paid premiums to the project.
  • Peter Kyle emphasizes ongoing commitment to Mozambique partnership despite ending the funding.
  • Climate campaigners from Friends of the Earth welcome the decision, highlighting potential emissions avoided.
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#3
Swiss prosecutors file charges against Credit Suisse and UBS over ‘tuna bonds’ scandal
#3 out of 5
business23h ago

Swiss prosecutors file charges against Credit Suisse and UBS over ‘tuna bonds’ scandal

https://www.theguardian.com/business/2025/dec/01/swiss-charges-credit-suisse-ubs-tuna-bonds-mozambiquehttps://apnews.com/article/ubs-credit-suisse-switzerland-mozambique-money-laundering-681d3c9ac4f9afba3bf210a70d9977c6
Theguardian.com and 1 more
  • Swiss prosecutors charge Credit Suisse, now part of UBS, over Mozambique money-laundering concerns, indicting a former official and accusing the banks of failing to curb illicit flows.
  • The Mozambique loan scheme, totaling over $2 billion from 2013 to 2016, is central to the charges, with prosecutors alleging misconduct tied to a state tuna project and other government-backed initiatives.
  • UBS, which absorbed Credit Suisse in 2023, faces criminal liability in the Mozambican case and has rejected the attorney general’s conclusions while vowing to defend its position.
  • The case highlights alleged weaknesses in risk management and compliance at the banks in 2016, with prosecutors saying insufficient measures enabled money laundering to proceed.
  • The Mozambique Debt Scandal originated from 2013-2016 loans, later scrutinized as part of a broader set of regulatory and reputational challenges for Credit Suisse and its successor UBS.
  • The case contributed to a series of governance and regulatory consequences for Credit Suisse and UBS, including legacy scrutiny and subsequent regulatory settlements.
  • Aid suspension and economic fallout in Mozambique followed the scandal, with donors and the IMF pausing assistance amid concerns about governance.
  • The Mozambique case saw a separate October 2023 settlement in London on the overarching dispute, just ahead of trial proceedings.
  • The indictment centers on a 2013 transfer of nearly $7.9 million from Mozambique to Credit Suisse in Switzerland, with funds later moving through UAE accounts.
  • The charges, disclosures, and ongoing investigations mark a new legal chapter as Credit Suisse/UBS navigate legacy scandals and regulatory scrutiny post-merger.
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#4
Key facts: TotalEnergies sells stake in Nigeria; withdraws from Mozambique LNG
#4 out of 5
business11h ago

Key facts: TotalEnergies sells stake in Nigeria; withdraws from Mozambique LNG

https://www.tradingview.com/news/tradingview:c7da0fe74f68c:0-key-facts-totalenergies-sells-stake-in-nigeria-withdraws-from-mozambique-lng/
Tradingview.com
  • TotalEnergies will sell a 40% stake in two Nigerian offshore licenses to Chevron, while keeping a 40% operating stake.
  • The move aims to streamline TotalEnergies’ African portfolio and potentially refocus resources.
  • Atradius Dutch State Business was informed that financing for Mozambique LNG is no longer needed.
  • The UK government has withdrawn financial support for the Mozambique LNG project.
  • Mozambique LNG has faced delays since 2021 due to regional unrest affecting development.
  • TotalEnergies retains a 40% operating stake in the Nigerian licenses as part of the deal.
  • The Nigerian transactions involve two offshore licenses in which TotalEnergies participates with Chevron.
  • The announcements underscore broader strategic shifts in TotalEnergies’ African energy portfolio.
  • No immediate Dutch financing support remains for Mozambique LNG after the notice to Atradius.
  • The Mozambique LNG project has struggled to secure external funding amid regional instability.
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#5
Mozambique’s Economy Contracts for Fourth Straight Quarter
#5 out of 5100.00%
business2h ago

Mozambique’s Economy Contracts for Fourth Straight Quarter

https://www.bloomberg.com/news/articles/2025-12-02/mozambique-s-economy-contracts-for-fourth-straight-quarter
Bloomberg.com
  • Mozambique’s economy contracted for a fourth straight quarter, signaling ongoing weakness.
  • Weak demand and macro pressures are persisting, delaying a clear rebound.
  • Analysts point to commodity volatility as a factor behind the slowdown.
  • Policy makers seek a balance between stabilization and investment incentives.
  • The report suggests a cautious path to a potential rebound in 2025.
  • Sectors across the economy showed softness, limiting growth prospects.
  • External headwinds continue to weigh on Mozambique’s fiscal stance.
  • Analysts caution against overestimating a near-term recovery.
  • Policy framework remains supportive, yet growth continues to lag.
  • The report underscores the need for structural reforms to lift growth.
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