News

APA-Maputo (Mozambique) — Mozambique's Revenue Authority (AT) collected US$2.46 billion in tax revenue in 2016, surpassing the annual target by 4.8 percent.

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APA-Maputo (Mozambique) — State-run Mozambican power utility Electricidade de Mocambique (EDM) says it lost up to US$8 million in 2016 due to theft of energy and vandalism of electricity infrastructures.

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— Toyota South Africa's driver, Nasser Al Attiyah, stormed through the short 39-km timed section of Stage 1 of the 2017 Dakar Rally from Resistencia in Argentina, where this year’s Dakar Rally kicked off, to win the stage in a time of 25:41, nearly half a minute quicker than Spanish driver Xavi Pons’ South African-built South Racing Ford Ranger, press reports said here Tuesday.

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— The World Bank has extended a loan of 150 million US dollars to Uganda to fund an agricultural food security project that targets the cultivation of five priority crops in selected districts of Uganda.

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— Tanzania is currently in talks withlending financial institutions including the African Development Bank(AfDB) to borrow funds for its 2016/17 national budget.

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— The former Secretary General of Egypt's State Council Wael Shalaby, who recently resigned his post, has committed suicide while in detention at the Administrative Control Authority in Nasr city, APA learns here Monday.

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