Mozambican President Daniel Chapo canceled a trip to the World Economic Forum in Davos after the worst flooding in decades in the southeast African nation killed more than 100 people and damaged or destroyed tens of thousands of homes.
Residents sit on a Mozambique military truck transporting them across floodwater that blocked a road in the Boane district on January 16, 2026. Mozambique has experienced weeks of heavy rains and residents of low-lying areas near the capital, Maputo, were urged to evacuate to higher ground on January 16, 2026. (Photo by Amilton Neves / AFP via Getty Images)
Mozambican President Daniel Chapo canceled a trip to the World Economic Forum in Davos after the worst flooding in decades in the southeast African nation killed more than 100 people and damaged or destroyed tens of thousands of homes.
Residents sit on a Mozambique military truck transporting them across floodwater that blocked a road in the Boane district on January 16, 2026. Mozambique has experienced weeks of heavy rains and residents of low-lying areas near the capital, Maputo, were urged to evacuate to higher ground on January 16, 2026. (Photo by Amilton Neves / AFP via Getty Images)
South Africa shut its flagship Kruger National Park after the worst flooding since at least 2000 inundated large areas of the reserve, underscoring the severity of a regional disaster that has killed dozens in the northeast of the nation and neighboring Mozambique.
A general view floodwaters at Axivaleni Resort at the Nsami dam, in Giyani on January 15, 2026. Flooding triggered by torrential rains in northeastern South Africa claimed at least 10 lives overnight and forced the closure of the iconic Kruger National Park, officials said on January 15, 2026. The weather service issued the maximum warning for more rain in parts of the country while neighbouring Mozambique was also on alert after flooding that inundated roads and homes. (Photo by Orlando Chauke / AFP via Getty Images)
Deadly floods prompted South Africa’s iconic Kruger National Park to shut to further visitors, after extreme rainfall killed dozens in the northeast of the country and neighboring Mozambique.
A car drives through floodwater caused by heavy rainfall in Matola City, Maputo Province, Mozambique, Jan. 12, 2026. Mozambique is currently in the peak of its rainy season, a period marked by frequent alerts for heavy rains and strong winds, particularly in the central and southern regions. (Photo by Mendes Mondlane/Xinhua via Getty Images)
Mozambican President Daniel Chapo expects TotalEnergies SE’s $20 billion liquefied natural gas project to restart as early as this month, reviving a potentially key revenue source for the cash-strapped government.
A Satellite view of the Total Mozambique LNG Project under construction in Afungi. Source: Gallo Images/Gallo Images Editorial
Mozambique will only start talks with creditors to renegotiate its debt after reaching an agreement on a new program with the International Monetary Fund, President Daniel Chapo said.
Mozambique will only start talks with creditors to renegotiate its debt after reaching an agreement on a new program with the International Monetary Fund, President Daniel Chapo said.
Mozambique will only start talks with creditors to renegotiate its debt after reaching an agreement on a new program with the International Monetary Fund, President Daniel Chapo said.
Zambia will seek a new deal with the International Monetary Fund as its existing program ends this month, with election pressures pointing to a potential agreement in the first half of the year.
Zambia has decided against pursuing a one-year extension of its International Monetary Fund program that’s set to expire this month, the Washington-based lender said on Wednesday, an about turn that will surprise investors.
The city skyline of Lusaka, Zambia, on Thursday, Sept. 21, 2023. For over a decade, China poured more than $120 billion of government-backed loans through its Belt and Road Initiative to build hydropower plants, roads and rail lines across the continent — as well as unparalleled influence.
Zambia has decided against pursuing a one-year extension of its International Monetary Fund program that’s set to expire this month, the Washington-based lender said on Wednesday, an about turn that will surprise investors.
The city skyline of Lusaka, Zambia, on Thursday, Sept. 21, 2023. For over a decade, China poured more than $120 billion of government-backed loans through its Belt and Road Initiative to build hydropower plants, roads and rail lines across the continent — as well as unparalleled influence.
Chinese mine operators in Zambia started paying royalties and taxes in yuan in Africa’s second-biggest copper producer, the latest sign of the growing acceptance of the currency on the continent.
Copper plates on wagons ready for shipping at a refinery in Mufulira, Zambia.
The International Monetary Fund said it’s working hard to create the necessary conditions for a new financed program with Mozambique, as the southeast African nation faces “immense pressures.”
A flooded street outside homes in the Praia Nova neighborhood of Beira, Mozambique, on Wednesday, March 20, 2024.
Mozambican President Daniel Chapo urged TotalEnergies SE to resume its $20 billion LNG project despite an ongoing audit of the company’s additional cost claims, increasing pressure on the French major to restart one of Africa’s biggest energy developments.
Daniel Chapo during an interview in Porto on Monday.
Mozambican President Daniel Chapo urged TotalEnergies SE to resume its $20 billion LNG project despite an ongoing audit of the company’s additional cost claims, increasing pressure on the French major to restart one of Africa’s biggest energy developments.
Daniel Chapo during an interview in Porto on Monday.
The International Monetary Fund’s head of mission to Zambia is set to take up the same role for Senegal early next year, overseeing a country facing a financial crunch after uncovering billions of previously undisclosed state borrowing.
Shoppers pass clothing stalls in Sandaga market in Dakar, Senegal, on Thursday, Feb. 8, 2024. Senegal lawmakers agreed to delay presidential elections in one of Africa’s strongest democracies, raising tensions that risk destabilizing the emerging natural gas producer in a region that’s prone to military coups.
Mozambique’s economy shrank for a fourth straight quarter as output in the southern African nation’s electricity, gas and water-distribution industry slumped.
A street trader in Maputo, Mozambique. Photographer: Waldo Swiegers/Bloomberg
Zambia has shaken off five years with a debt-default tag, with Fitch Ratings upgrading its assessment of the southern African nation’s credit to B- and a stable outlook. Yields on its dollar bond edged lower.
The city skyline of Lusaka. Photographer: Zinyange Auntony/Bloomberg
Zambia’s presidency rejected proposed regulations that seek to give the state a minimum 15% stake in mines producing copper and other critical minerals without having to pay for it.
Global demand for transmission lines will affect the affordability of South Africa’s plan for a 440 billion-rand ($25.4 billion) national power-grid upgrade, according to the chair of the state-owned utility.
High-voltage electricity transmission towers in Cape Town.
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