logo
Statement by International Monetary Fund (IMF) Deputy Managing Director Bo Li at the Conclusion of a Visit to Mozambique

Statement by International Monetary Fund (IMF) Deputy Managing Director Bo Li at the Conclusion of a Visit to Mozambique

Zawya19-05-2025

Mr. Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Mozambique at the end of his visit from May 15-17, 2025:
'I am pleased to be in Mozambique for my first visit as IMF Deputy Managing Director. I would like to thank President Daniel Chapo, Finance Minister Carla Loveira, and Central Bank Governor Rogerio Zandamela, as well as other senior officials, for their hospitality and constructive discussions. We discussed opportunities to strengthen our continued partnership through regular policy dialogue and technical assistance. The IMF remains a close partner in supporting the country's efforts to lift the living standards of the Mozambican people.
'During my visit, I also met with the Committee of Central Bank Governors of the Southern African Development Community (SADC) to advance efforts to improve cross-border payments within the regional bloc. Member countries remain committed to this joint objective and are making good progress. We also discussed opportunities to further strengthen ongoing technical assistance provided jointly by the IMF and the World Bank on cross-border payments. We look forward to continuing the tight and productive collaboration.'
Distributed by APO Group on behalf of International Monetary Fund (IMF).

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

TECNO Continues the Partnership to Become Official Global Partner of Africa Cup of Nations (AFCON) 2025 and 2027, Fueling the Dream of Africans Through Football
TECNO Continues the Partnership to Become Official Global Partner of Africa Cup of Nations (AFCON) 2025 and 2027, Fueling the Dream of Africans Through Football

Zawya

time4 hours ago

  • Zawya

TECNO Continues the Partnership to Become Official Global Partner of Africa Cup of Nations (AFCON) 2025 and 2027, Fueling the Dream of Africans Through Football

Innovative AI-driven technology brand TECNO ( today announced that it is strengthening its already close relationship with the Confederation of African Football (CAF) by becoming the Official Global Partner of the TotalEnergies CAF Africa Cup of Nations, Morocco 2025 and TotalEnergies CAF Africa Cup of Nations, KE- UG - TA 2027, bringing its 'Stop at Nothing' spirit to the continent's fans for years to come. The announcement follows TECNO's successful sponsorship of the tournament in 2023 when it became exclusive smartphone sponsor for the event. TECNO's role as Official Global Partner and Official Smartphone and Exclusive Partner in the Smartphone category enables the company to further extend its 'Stop at Nothing' brand promise by deepening its engagement and enhancing its visibility. The brand also benefits from additional media and social media activation rights that will enable it to better connect with young people, share the joy of football, and nurture a shared spirit of daring and progress. The Vice President of Transsion Holdings, Benjamin Jiang said: 'This renewed partnership is a testament to the deep trust and shared success we've built with CAF. In our previous collaboration, we witnessed how football ignited passion and inspired dreams, and how AI-powered smart technologies became powerful tools to connect and empower millions across why this partnership goes beyond the game—it stands as a symbol of ambition and a platform where young people can shine, united by an unstoppable spirit of progress. It reflects our shared vision of harnessing AI-driven innovation to shape a brighter future for Africa. This renewed collaboration marks a significant milestone in TECNO's journey forward.' In addition, TECNO will continue its Dream on the Field Renovation Campaign in cooperation with CAF, launched in 2024. The philanthropic initiative aims to bring more empowerment to African football through technology and to foster youth engagement by improving access to quality playing fields in underserved communities, reflecting TECNO's enduring 'Stop at Nothing' ethos. Véron Mosengo-Omba, CAF General Secretary, said: 'TECNO's longstanding support for football in Africa has had a meaningful impact on the development of the sport. As the highest-profile football tournament on the continent, the Africa Cup of Nations symbolizes passion and the achievement of life-long dreams, resonating with young people's hope for the future and spirit of exploration. Deepening this partnership will help to ensure that AFCON 2025 and 2027 reach new heights of excitement to delight football fans.' The partnership represents a milestone for TECNO in further strengthening its emotional bond with younger generations by empowering them to achieve more possibilities, building on its position as a leading brand among the entire African continet through its imaging technology, product performance and design aesthetics. For any related media queries, please contact Distributed by APO Group on behalf of TECNO Mobile. About TECNO: TECNO is an innovative, AI-driven technology brand with a presence in over 70 markets across five continents. Committed to transforming the digital experience in global emerging markets, TECNO relentlessly pursues the perfect integration of contemporary aesthetic design with the latest technologies and artificial intelligence. Today, TECNO offers a comprehensive ecosystem of AI-powered products, including smartphones, smart wearables, laptops, tablets, smart gaming devices, the HiOS operating system, and smart home products. Guided by its brand essence of 'Stop At Nothing,' TECNO continues to pioneer the adoption of cutting-edge technologies and AI-driven experiences for forward-looking individuals, inspiring them to never stop pursuing their best selves and brightest futures. For more information, please visit TECNO's official site:

Iran blasts US travel ban citing 'deep hostility' to Iranians and Muslims
Iran blasts US travel ban citing 'deep hostility' to Iranians and Muslims

The National

time7 hours ago

  • The National

Iran blasts US travel ban citing 'deep hostility' to Iranians and Muslims

Iran on Saturday said the US travel ban on Iranian citizens and 11 other mostly Middle Eastern and African countries was a sign of a 'racist mentality'. The move, which is expected to take place on June 9, is "a clear sign of the dominance of a supremacist and racist mentality among American policymakers," Alireza Hashemi-Raja, the foreign ministry's director general for the affairs of Iranians abroad said in a statement. The decision "indicates the deep hostility of American decision-makers towards the Iranian and Muslim people", Mr Hashemi-Raja said. US President Donald Trump's decision will bar citizens from 12 countries including Afghanistan, Myanmar, Chad, Congo Republic, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. Mr Trump said the list could be revised and new countries could be added. The ban, which Mr Trump said was necessary to protect against "foreign terrorists", is a similar move he implemented during his first term in office from 2017 to 2021, when he barred travellers from seven Muslim-majority nations. The ban has been justified on national security grounds following a firebomb attack at a pro-Israel rally in Colorado. The alleged attacker, Mohamed Soliman, is from Egypt, which is not on the list. Mr Hashemi-Raja said the policy "violates fundamental principles of international law" and deprives "hundreds of millions of people of the right to travel based solely on their nationality or religion". The foreign ministry official said that the ban was discriminatory and would "entail international responsibility for the US government", without elaborating. Since 1979 Iranian revolution, Washington and Tehran severed diplomatic ties and relations have remained deeply strained since. It is known that the US is home to the largest Iranian community outside Iran. According to figures from Tehran's foreign ministry, there were some 1.5 million Iranians in the US in 2020. Mr Trump enacted a so-called Muslim ban during his first term, barring citizens of several Muslim-majority countries and others from entering the US. Travellers from Cuba, Iran, Libya, North Korea, Somalia, Sudan, Syria, Venezuela and Yemen were barred from entry. The policy went through several iterations before it was upheld by the Supreme Court in 2018. Mr Trump has blamed the immigration policies of former president Joe Biden for rising crime in the country, and he has been swift to issue executive orders, cracking down on people entering the country illegally.

Sierra Leone's President Julius Maada Bio to Launch 830 Million New Leones (€34 Million) Solar Minigrid Project, Powering Sierra Leone's Green Future
Sierra Leone's President Julius Maada Bio to Launch 830 Million New Leones (€34 Million) Solar Minigrid Project, Powering Sierra Leone's Green Future

Zawya

timea day ago

  • Zawya

Sierra Leone's President Julius Maada Bio to Launch 830 Million New Leones (€34 Million) Solar Minigrid Project, Powering Sierra Leone's Green Future

In a landmark step toward sustainable development and inclusive energy access, His Excellency President Dr. Julius Maada Bio is set to officially launch the Salone Off-grid Renewable Energy Acceleration Initiative (SOGREA), a €34 million (approximately 830 million New Leones) solar minigrid project that will significantly advance Sierra Leone's green energy future. Hosted by Sustainable Energy for All (SEforALL), the initiative is a collaborative effort between the Government of Sierra Leone, the European Union (EU), and the United Nations Office for Project Services (UNOPS). SOGREA aims to increase energy access in rural communities across the country by 2027, deploying at least 5.2 megawatts peak (MWp) of solar generation capacity through the installation of minigrids. The project is set to benefit 25,000 households and 2,800 businesses across approximately 60 communities, offering them reliable, clean, and affordable electricity for the first time. To brief the President on the status and next steps of the project, EU Ambassador Jacek Jankowski, accompanied by Dr. Kandeh Yumkella and other private sector partners, visited State House today. The high-level delegation engaged President Bio on the technical, regulatory, and financial readiness of the initiative, and reaffirmed their collective commitment to ensuring its success. Speaking during the meeting, President Bio expressed deep appreciation to the EU for their steadfast partnership and support in fulfilling his administration's promise of inclusive development across Sierra Leone. 'Taking energy to the people is key,' the President emphasized. 'This project is a significant milestone. It demonstrates mutual trust and confidence with our partners, especially at a time when development assistance is dwindling globally. This shows we still enjoy goodwill.' He further assured the visitors of his government's commitment to building the necessary legal and regulatory frameworks: 'I am aware of the revised regulations for the Sierra Leone Electricity and Water Regulatory Commission (SLEWRC), and my government will ensure Parliament sets the required legal framework to support implementation.' The President added, 'Together, we will make electricity accessible to all and no one will be left behind.' At the heart of SOGREA's success is its catalytic investment model, which blends public and private sector support to create a sustainable ecosystem for minigrid development. Energy Sector lead, Dr. Kandeh Yumkella, a driving force behind the initiative, explained that over the last two years, critical groundwork has been laid, including the revision of existing regulations under the EWRC Act and the design of investment incentives to attract private developers. He confirmed that implementation agreements have been signed and that President Bio will officially launch the project. Ambassador Jacek Jankowski, Head of the EU Delegation to Sierra Leone, underscored the importance of the initiative as a major milestone in the country's pursuit of clean energy and rural transformation. 'We are proud to support a project of this magnitude,' he said. 'The EU's total investment stands at €34 million, including €22 million in direct investment support and technical assistance, while the Government of Sierra Leone is contributing 50 million Leones.' The project was developed in partnership with UNOPS, with a focus on enabling private sector entities to develop, finance, own, and operate solar minigrids. Ambassador Jankowski noted that the investment model includes reimbursement schemes, leveraging of additional financing, and regulatory mechanisms to bridge the gap between tariffs and what rural communities can afford. He highlighted the strategic involvement of key institutions such as SLEWRC and the Public-Private Partnership (PPP) Unit, which will guide implementation and ensure long-term regulatory stability. Beyond powering homes and businesses, the SOGREA initiative is expected to create jobs, stimulate local economies, and empower women and youth, particularly in off-grid and underserved regions. By supporting President Bio's 'Big Five Game Changers', especially in technology and innovation, the initiative reinforces Sierra Leone's commitment to becoming a hub for green investment and renewable energy development in West Africa. As the country moves steadily toward universal electricity access, the launch of SOGREA marks a defining moment in Sierra Leone's journey toward climate resilience and inclusive growth. With strong international partnerships and a forward-looking energy policy, Sierra Leone is lighting the path to a sustainable, empowered future, one solar grid at a time. Distributed by APO Group on behalf of State House Sierra Leone.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store