MORE than 600 000 people have been affected by severe flooding in southern and central Mozambique, with Gaza, Maputo and Sofala provinces among the worst hit following heavy and persistent rainfall since mid-December.
Mozambique’s National Institute for Disaster Management says hundreds of thousands of people have been displaced, while at least 300 000 homes have been destroyed, with the toll expected to rise as search and rescue operations continue.
Major urban centres including Maputo, Xai-Xai and Chokwe are among the areas that have suffered extensive damage as floodwaters submerged homes, infrastructure, and farmland.
The impact on agriculture has been significant, with officials reporting that at least 180 000 hectares of crops have been destroyed, alongside the loss of more than 150 000 cattle, raising concerns over food security and livelihoods.
Health authorities have also issued warnings over a heightened risk of cholera, diarrhoea and other waterborne diseases as access to clean water and sanitation remains compromised in affected communities.
Mozambique, a country of approximately 34 million people on Africa’s south-eastern coast, has been repeatedly affected by extreme weather events in recent years, including devastating cyclones and prolonged droughts, which have left communities increasingly vulnerable.
Authorities say conditions in at least three provinces remain critical as flooding continues to affect several regions.
The disaster has also affected other countries in the Southern African Development Community (SADC), with Mozambique and South Africa reported to be the hardest hit by flooding caused by prolonged rainfall.
On January 22, Zimbabwe responded to requests for assistance from Mozambique and Malawi, with President Emmerson Mnangagwa authorising the dispatch of emergency food aid and the deployment of a rescue mission to Mozambique.
Info News
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Mortgage Refinance Rates and Home Loan Savings
Mortgage Refinance Rates: When to Refinance
Homeowners often consider refinancing when mortgage refinance rates are lower than their current rate. Refinancing replaces your existing mortgage with a new loan.
A refinance may help lower monthly payments, reduce interest costs, change loan terms, or access home equity.
Types of Mortgage Refinance
A rate-and-term refinance changes the interest rate or loan length. A cash out refinance allows homeowners to borrow against home equity and receive cash at closing.
Cash out refinancing can be useful for home improvements or debt consolidation, but it increases the loan balance.
Costs to Compare
Refinancing includes closing costs such as lender fees, appraisal fees, title fees, and recording fees. Homeowners should calculate the break-even point before refinancing.
Conclusion
Mortgage refinance rates can create savings, but refinancing only makes sense when the long-term benefit is greater than the cost.