Tag: Mozambique

7 May 2018

Mozambique is facing a difficult economic and financial situation, but in the next few years, companies will have funds from international institutions for economic diversification projects, according to the latest Africa Report on the country.

30 April 2018

China is now the largest financier and builder of infrastructure in Mozambique, and built the Maputo-Catembe bridge, the Maputo circular road, National Road 6 and the fishing port of Beira city, said the ambassador of China to the country, in statements made in Maputo to Macao magazine.

23 April 2018

São Tomé and Príncipe, Guinea Bissau and Cabo Verde (Cape Verde), the three smallest Portuguese-speaking African economies, are expected to see economic growth in 2018 well above the average for the sub-Saharan Africa region, according to the latest forecast from the International Monetary Fund.

9 April 2018

Business projects involving China and Portuguese-speaking countries have been receiving official Chinese funding, but the deepening of this cooperation in the “era” of the New Silk Road requires innovative financial mechanisms, the president of the Fund for Cooperation and Development between China and the Portuguese-speaking Countries said in Lisbon.

16 March 2018

Since China became Africa’s largest trading partner in 2009, trade has continued to climb, helped by cooperative frameworks put in place by the Chinese government and its African counterparts. The momentum is expected to build over the medium term, and the Beijing Summit of the Forum on China-Africa Cooperation in September is likely to help ensure that these increasingly close economic ties become even closer.

5 March 2018

The signing of new contracts for the sale of Mozambican natural gas, namely to China, as well as the government approval of the Area 1 project led by US group Anadarko Petroleum, have improved the outlook for this industry in Mozambique in recent weeks.

22 January 2018

The President of the Republic of Mozambique, Filipe Nyusi, has appointed a new foreign minister with links to China as well as a new ambassador for China, at a time when bilateral economic and trade relations are growing, according to the Africa Monitor Intelligence newsletter.

15 January 2018

Cabo Verde (Cape Verde) and Guinea-Bissau are expected to post economic growth above the regional and global average in 2018, according to the World Bank, which has also significantly reduced growth forecasts for Mozambique and raised them for Angola.

8 January 2018

The Maputo/Catembe bridge, due to be opened in the next few months in the Mozambican capital, is the project with the biggesting funding granted by China for the construction of infrastructure in the African country, the total amount of which exceeded US$2.28 billion from 2000 to 2014.

2 January 2018

São Tomé and Príncipe and Cabo Verde (Cape Verde) are expected to lead economic growth in Portuguese-speaking Africa in 2018, followed closely by Guinea-Bissau and Mozambique, with Angola seeing the most modest forecasts for Gross Domestic Product (GDP) growth.

18 December 2017

The business environment improved from 2016 to 2017 in all Portuguese-speaking countries, among which Cabo Verde (Cape Verde) was the best positioned and Angola the one that rose the most, according to the classification in the World Bank “Doing Business” report for 2018.

4 December 2017

Brazil’s trade with African countries, which worsened in recent years after reaching a record high in 2008, is recovering, in a new diplomatic context, according to figures from the Brazilian Ministry of Industry, Trade and Services.

23 October 2017

Mozambique, in coordination with the National Development and Reform Commission of China, is in an advanced process of evaluating priority projects already selected for further financing in the areas of infrastructure, energy, transport, agriculture and industrial parks, among others, the Mozambican ambassador to China has said.

4 October 2017

The economies of the Portuguese-speaking countries, with the exception of Mozambique, recorded slight gains in the Global Competitiveness Index 2017-2018, released last week.

18 September 2017

Tourism is growing significantly in Africa and Mozambique is one of the destinations that has benefited from the increase in the number of foreign tourists, according to figures released by the Euromonitor International consultancy.

11 September 2017

US group ExxonMobil has acquired a stake in the operator of Mozambique’s northern Area Block 4, where its partners are Italian group ENI (35.7%) and the China National Petroleum Corporation (28.6%).

28 August 2017

The Mozambican economy has been showing signs of revival, with the economy accelerating, the currency gaining value and international reserves being restored after a difficult year in 2016, analysts indicate.

7 August 2017

Even after two central bank interventions, the Mozambican banking sector has shown itself to be quite flexible at a time when the country’s economy is undergoing a process of accelerated growth following the very difficult year of 2016, analysts indicate.

10 July 2017

The availability of European funds to finance cooperation projects in Africa is large, but there is a lack of well-prepared projects, particularly in Portuguese-speaking African countries, according to the president of the Portuguese Development Finance Society (Sofid).

19 June 2017

The role played by Macau as a platform in the relationship between China and Portuguese-speaking countries is viewed with renewed interest by economic agents due to the establishment in the Special Administrative Region of the headquarters of the Fund for Cooperation and the “Belt and Road” initiative drawn up by the central government of China.

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