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Mozambiquehub

Mozambique’s economy expected to increase growth in 2020

24 January 2020
Economic growth in Mozambique is expected to accelerate to 4.2% in 2020, after it was limited to 1.0% in 2019 due to the impact of cyclones Idai and Kenneth, which caused significant human and material damage in the north and centre of the country, according to the latest report on the country by the Economist Intelligence Unit.

Rains delay prospecting in the Búzi block in Mozambique

24 January 2020
The delay in organising equipment and the rainfall in central Mozambique have led to a delay in drilling the first onshore oil and gas test well in the Búzi block, in Sofala province, said the president of the National Oil Institute.

Mozambique’s financial sector receives support from the United Kingdom

23 January 2020
Financial Sector Deepening Moçambique (FSDMoç) will receive approximately 15 million pounds from the United Kingdom to begin a new phase of development of the financial sector in the country, according to an announcement made by the Secretary of State for International Development of the United Kingdom, Alok Sharma, on the sidelines of the UK-Africa Investment Summit, held in London.

The United Kingdom provides 64 million pounds to support projects in Mozambique

22 January 2020
The government of the United Kingdom has pledged to provide 64 million pounds to finance projects in Mozambique to support the agricultural sector, to increase access to electricity and the economic empowerment of women, according to a statement from the British High Commission in Mozambique.

Forum Macau analyses report on its 15 years of activity

22 January 2020
Forum Macau has analysed the report prepared by the Chinese Academy of Social Sciences on the activities of the institution in its 15 years of existence, according to information from the Support Office of the Permanent Secretariat of Forum Macau.

Case of Mozambique’s hidden debts due to be taken to court in 2020

22 January 2020
The main case of the so-called hidden debt scandal in Mozambique is expected to be judged later this year, as one of the steps towards discovering the truth, accountability of the perpetrators and recovering the value involved in the fraud, Mozambican newspaper Notícias reported.

Portuguese fund supports SMEs in Mozambique affected by natural disasters

20 January 2020
Investimoz, a Portuguese fund to support investment in Mozambique, has set up two credit lines in the amount of €15 million for small and medium-sized enterprises (SMEs) in Mozambique that have been affected by natural disasters, at a ceremony held last Thursday in Maputo.

CPLP announces new funding to support Mozambique

17 January 2020
The Community of Portuguese Speaking Countries (CPLP) will help the reconstruction of areas of Mozambique affected by cyclones in 2019 with funding of €888,600, with funding totalling €1.26 million, said the organisation in a statement.

Beermaker Cervejas de Moçambique starts production tests at a new factory

17 January 2020
The latest factory of Cervejas de Moçambique (CdM), the biggest beermaker in Mozambique and a subsidiary of AB InBev, headquartered in Belgium, on Tuesday began the first production tests, the company's managing director said.

Portugal’s Efacec hired to build a solar plant in Mozambique

16 January 2020
Portuguese company Efacec has been hired by Mozambican power company Electricidade de Moçambique (EDM) and Neoen, a French renewables company, to build and operate a solar plant, Central Solar Fotovoltaica de Metoro, in Cabo Delgado province, northern Mozambique, the Portuguese company said in a statement released on Wednesday.

Floating platform to process natural gas extracted in Mozambique is launched

15 January 2020
The floating platform that will collect and process the natural gas to be extracted in the Area 4 block of the Rovuma basin, in northern Mozambique, was launched into the sea on Tuesday, at a ceremony attended by representatives of the Mozambican State and companies involved in the project, the Mozambican press reported.

Mozambique’s tax authority takes on services provided by Intertek Testing Services

15 January 2020
The Mozambican Tax Authority (AT) has terminated a consulting services contract with Intertek Testing Services Ltd (ITS), a company which, among other services, conducted pre-shipment inspection of imported goods, the AT said.

Government of Mozambique awaiting study to solve problems of LAM airline

14 January 2020
The major problem facing Mozambique's flagship airline LAM is financial, said the president of the Institute of State Asset Management (Igepe), speaking to daily newspaper Notícias.

Year-on-year inflation rate in Mozambique falls to 3.5% in 2019

13 January 2020
The year-on-year inflation registered in Mozambique in 2019 fell by 41 basis points to 3.5%, said the National Statistics Institute (INE) in a note published on Friday.

State groups from India start investing in a natural gas project in Mozambique

13 January 2020
Indian State Oil and Natural Gas Corporation (ONGC), Bharat Petroleum and Oil India have started to pay out their share of around US$2 billion for the natural gas exploration area 1 project in the Rovuma basin, northern Mozambique, reported the Economic Times of India.

World Bank expects Angola’s economy to grow by 1.5% in 2020

10 January 2020
The World Bank predicts that the Gross Domestic Product of Angola will grow at a rate of 1.5% this year, which is a decline of 1.4 percentage points in relation to the forecast announced in June 2019, according to the Global Economic Outlook report published in Washington.

Port of Nacala, Mozambique, increases cargo handled in 2019

10 January 2020
The Northern Development Corridor (CDN), the concessionaire company of the port of Nacala, in Nampula province, northern Mozambique, handled more than 2.2 million tonnes of general cargo in 2019, an annual increase of 16%, the company said.

Diplomat from São Tomé and Príncipe chosen as director-general of the CPLP

10 January 2020
São Tomé diplomat Armindo Brito Fernandes, 58 years old and a law graduate, will be the new director-general of the Community of Portuguese Speaking Countries (CPLP), taking on the position next February for a term of three years, announced the embassy of São Tomé and Príncipe in Portugal.

Angola wants to facilitate movement within the Community of Portuguese Speaking Countries

8 January 2020
The government of Angola expects that the progress made in the technical discussions can make the issue of movement within the Community of Portuguese Speaking Countries (CPLP) less complex, the Angolan Minister for Foreign Affairs said on Monday in Lisbon.

Production of the Cahora Bassa Hydroelectric facility in Mozambique, affected by cyclone Idai

8 January 2020
The production of electrical energy achieved by the Cahora Bassa Hydroelectric dam (HCB) in 2019 amounted to 14,656-gigawatt hours, which represents an increase of 7.3% when compared with production recorded in 2018 of 13,659 gigawatt-hours, the facility’s management company said.
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