ANL 34.10 Decreased By ▼ -0.15 (-0.44%)
ASC 13.65 Increased By ▲ 0.30 (2.25%)
ASL 23.40 Increased By ▲ 0.80 (3.54%)
AVN 85.60 Increased By ▲ 1.90 (2.27%)
BOP 7.70 No Change ▼ 0.00 (0%)
BYCO 9.44 Increased By ▲ 0.07 (0.75%)
DGKC 111.51 Increased By ▲ 1.31 (1.19%)
EPCL 48.99 Decreased By ▼ -1.90 (-3.73%)
FCCL 22.85 Increased By ▲ 0.09 (0.4%)
FFBL 25.47 Decreased By ▼ -0.23 (-0.89%)
FFL 15.33 Increased By ▲ 0.03 (0.2%)
HASCOL 8.94 Decreased By ▼ -0.06 (-0.67%)
HUBC 78.43 Decreased By ▼ -0.57 (-0.72%)
HUMNL 6.13 Increased By ▲ 0.29 (4.97%)
JSCL 19.14 Increased By ▲ 0.44 (2.35%)
KAPCO 40.50 Increased By ▲ 1.11 (2.82%)
KEL 3.72 Increased By ▲ 0.04 (1.09%)
LOTCHEM 14.20 Decreased By ▼ -0.15 (-1.05%)
MLCF 42.75 Increased By ▲ 0.45 (1.06%)
PAEL 30.90 Decreased By ▼ -0.17 (-0.55%)
PIBTL 9.52 Increased By ▲ 0.07 (0.74%)
POWER 8.61 Increased By ▲ 0.17 (2.01%)
PPL 82.50 Decreased By ▼ -0.80 (-0.96%)
PRL 23.09 Increased By ▲ 0.32 (1.41%)
PTC 9.00 Decreased By ▼ -0.20 (-2.17%)
SILK 1.38 Decreased By ▼ -0.02 (-1.43%)
SNGP 38.90 Increased By ▲ 0.31 (0.8%)
TRG 165.00 Increased By ▲ 1.78 (1.09%)
UNITY 35.80 Increased By ▲ 0.87 (2.49%)
WTL 1.53 Increased By ▲ 0.08 (5.52%)
BR100 4,846 Increased By ▲ 46.43 (0.97%)
BR30 24,817 Increased By ▲ 123.55 (0.5%)
KSE100 45,175 Increased By ▲ 231.06 (0.51%)
KSE30 18,470 Increased By ▲ 86.89 (0.47%)

Coronavirus
VERY HIGH
Pakistan Deaths
18,537
10824hr
Pakistan Cases
845,833
419824hr
Sindh
288,680
Punjab
312,522
Balochistan
22,900
Islamabad
77,065
KPK
121,728
Markets

World Bank injects $100-mn into troubled northern Mozambique

  • He vowed that "together we shall overcome and win" the battle with extremists, by focusing the national agenda on development.
29 Apr 2021

PEMBA: The World Bank on Wednesday granted $100 million for an emergency recovery project in northern Mozambique, where hundreds of thousands of people have been displaced by a jihadist insurgency.

An agreement for the funding - part of a three-year $700-million project - was signed by the government and the United Nations Office for Project Services (UNOPS) which oversees the project.

Gas-rich Cabo Delgado province has been battered by a bloody jihadist insurgency since 2017 by a group known locally as al-Shabab.

In a major intensification of the violence, Islamic State-linked militants raided the coastal town of Palma on March 24, killing dozens of people and driving more than 25,000 out of the town.

Three years of violence have killed at least 2,800 people according to Acled, a non-governmental organisation (NGO).

President Filipe Nyusi, who attended the signing ceremony in Pemba, the provincial capital, said the agreement would help deal with a "humanitarian catastrophe".

He vowed that "together we shall overcome and win" the battle with extremists, by focusing the national agenda on development.

"The heart of this plan is to remove families from situations of vulnerability through socio-economic inclusion," the president said.

The government also sought "to restore normality to affected areas" where around 700,000 people have been displaced, he added.

The project aims to provide social services along with agricultural aid and infrastructure such as schools and mobile hospitals.