Latest News for: Mozambique money

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Winners of $1m prize for sustainable city transport announced

The Observer 02 Jun 2023
Ten months after cities around the world were offered the chance to bid for up to $1m (£800,000) to build or expand new cycling and walking schemes, the money has been awarded to designs in Brazil, Ethiopia, Kenya, Mozambique, New Zealand and Albania, among others. The money was ...
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As Drought Grips East Africa, Humanitarian Aid Is No Match for Climate Change

WhoWhatWhy 30 May 2023
Last year the nonprofit GiveDirectly sent cash payments to flood-prone populations in Mozambique just before a major cyclone, and it found that recipients used the money on survival necessities, stockpiling food and strengthening their home defenses or paying for transportation to evacuate ... First, however, the money itself needs to materialize.
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Constitutional court closes door on Manuel Chang extradition tussle

Mail Guardian South Africa 25 May 2023
The money, a fair share of which came from investors in the US, was ostensibly intended to support the development of Mozambique’s tuna fishing industry and pay for trawlers and coastal patrol vessels ...None of the monies borrowed, except bribes, went to Mozambique.”.
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Former Mozambique finance minister loses last appeal, set for extradition to US over $2B scandal

Fox31 Denver 25 May 2023
The huge sums of money leant by international banks to Mozambique — and guaranteed by the Mozambique government — were meant for a series of maritime projects but disappeared in bribes, kickbacks and other illegal payments, it's alleged ... The scandal caused a financial crisis in Mozambique.
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As drought grips the Horn of Africa, humanitarian aid is no match for climate change

Grist 22 May 2023
Last year the nonprofit GiveDirectly sent cash payments to flood-prone populations in Mozambique just before a major cyclone, and it found that recipients used the money on survival necessities, stockpiling food and strengthening their home defenses or paying for transportation to evacuate ... First, however, the money itself needs to materialize.
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World Bank gives Mozambique $150m for Cyclone Freddy recovery

Al Jazeera 19 May 2023
The World Bank has moved $150m of the funds it has earmarked for Mozambique projects to help fund the Southern African nation’s efforts to recover from Cyclone Freddy ... The money consists of $100m in grant money and $50m in credit extended by the bank.
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Burley in Wharfedale Brownies: Celebrities boost bookmark fundraiser

Yahoo Daily News 18 May 2023
Their creations will be auctioned to raise money for a school in Zimbabwe ... The fundraising project, which began in 2017, supports projects at Katiyo Sacred Heart Primary School in the Honde Valley in Zimbabwe, near the border with Mozambique ... "We are currently raising money to ...
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Ethics, morality and the 2023 recession

The Manila Times 18 May 2023
Silicon Valley Bank customers frantically withdrew their money before US regulators intervened ... Their failings included a criminal conviction for allowing drug dealers to launder money in Bulgaria, entanglement in a Mozambique corruption case, a spying scandal involving a former executive and a massive leak of client data to the media ... ....
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The Rise of Alternative Lending and Crowdfunding Platforms in Africa

Finance Magnates 20 Apr 2023
Alternative lending and crowdfunding platforms enable these entrepreneurs to obtain money without relying on established banking channels ... Since then, it has spread to other African countries such as Tanzania, Mozambique, and Ghana. M-Pesa allows users to utilize their mobile phones to transfer money, pay bills, and access other financial services.
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Rethinking Humanitarianism | In conversation with chef José Andrés

The New Humanitarian 12 Apr 2023
There’s only so much money. It's only so much money in the world, there's so much money we can be asking to the rich countries of the world, it’s so much money, we can be asking from the big philanthropy of the world. And my question is, how much is that money? I don’t spend much time on those things, I know is many of you are experts on these.
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Mobile money taxation could hamper financial inclusion gains in Africa, report

Algeria Times 05 Apr 2023
M-PESA, the first and most successful mobile money payment service on the continent with 52million subscribers, is currently available in Kenya, Tanzania, Lesotho, the DRC, Ghana, and Mozambique with plans to make it available in Ethiopia ... Given these realities, the policy paper on Mobile Money Taxation makes the following recommendations..
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Credit Suisse chairman admits failure, anger to shareholders

The Lawton Constitution 04 Apr 2023
As the stock skid worsened and jittery depositors pulled their money, Swiss government ... Some held signs decrying the bank's ties to Mozambique, where the bank was found to have violated anti-money-laundering rules and paid nearly $700 million in settlements to British and U.S.
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Credit Suisse chief admits failure, anger to shareholders

News-Press Now 04 Apr 2023
As the stock skid worsened and jittery depositors pulled their money, Swiss government ... Some held signs decrying the bank's ties to Mozambique, where the bank was found to have violated anti-money-laundering rules and paid nearly $700 million in settlements to British and U.S.
photo: AP / Seth Wenig, File
A sign displays the name of Credit Suisse on the floor at the New York Stock Exchange in New York
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'I apologize,' Credit Suisse chairman admits failure to shareholders

Hindustan Times 04 Apr 2023
taxes; failing to do enough to prevent money laundering by a Bulgarian cocaine ring ... Some held signs decrying the bank's ties to Mozambique, where the lender was found to have violated anti-money-laundering rules that led to nearly $700 million in settlements to British and U.S.
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UBS-Credit Suisse merger probed

The Manila Times 03 Apr 2023
GENEVA ... The probe will aim to ensure Switzerland's financial center remains "clean" and identify any criminal offences within their remit, they said ... It was also embroiled in a bribery scandal in Mozambique involving loans to state-owned companies, and was fined $2 million in a money laundering case linked to a Bulgarian cocaine network ... ....

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