Mozambique – Macauhub

Concession on the Cahora Bassa Hydroelectric Plant in Mozambique extended for another 15 years

12 December 2018

The concession contract for the Hidroeléctrica de Cahora Bassa (HCB) hydroelectric facility was extended for another 15 years under a government-approved decree on Tuesday, the spokeswoman for the Mozambican Council of Ministers announced.

Qatar Petroleum enters oil prospecting in Mozambique

11 December 2018

Qatar Petroleum has signed an agreement with US group Exxon Mobil to acquire a 10% stake in three maritime exploration blocks in Mozambique, the company said in a statement.

Government of Mozambique grants state guarantees to public companies

7 December 2018

The Mozambican state's business sector will have state guarantees to take on debt of up to 151.25 billion meticals (US$2.439 billion), according to the State Budget for 2019.

Anadarko Petroleum plans to contract insurance for operations in Mozambique

7 December 2018

Anadarko Mozambique Area 1, Lda. Intends to contract insurance for natural gas extraction operations in northern Mozambique, according to an announcement published in the print edition of Maputo daily newspaper Notícias.

Syrah Resources achieves graphite extraction target in Mozambique in 2018

4 December 2018

Syrah Resources is expected to reach the planned target of 101,000 - 106,000 kilogrammes of graphite concentrate by the end of the year, the Australian company said in a market filing.

Mozambique receives US$83.4 million in auction for mobile telecommunications frequencies

4 December 2018

The Mozambican government expects to collect US$83.4 million from the auction of frequencies for mobile telecommunications operators held in November, according to a recent official statement.

Trawlers from company in Shenzhen, China, fish in Mozambique

3 December 2018

The six trawlers of Chinese company Yu Yi Industry Co. returned last week to a port in Shenzhen carrying the first shipment of fish caught in Mozambique, according to the SeaFoodSource website.

Ethiopian Airlines launches regular domestic flights in Mozambique

3 December 2018

Ethiopian Mozambique Airlines has launched regular domestic flights in Mozambique under a strategy to operate in other African markets, the company's chief executive said on Saturday.

Fura Gems revises ruby asset purchase agreement in Mozambique

30 November 2018

The purchase price of ruby assets in Mozambique by Canada's Fura Gems from Australian companies Mustang Resources Ltd and Regius Resources Group Ltd has been reduced from 15 million to 7.8 million Australian dollars, the Canadian company said.

Angola to have mobile payment system in 2019

29 November 2018

The National Bank of Angola (BNA) intends to introduce payments through mobile telephony, and plans to put forward new legislation in 2019 to that effect, said BNA director Pedro de Castro e Silva in Luanda on Wednesday.

China’s investments in Mozambique should boost productive capacity – ambassador

28 November 2018

China's investments in Mozambique should be give priority to projects that promote productive capacity, Ambassador Maria Gustava said in an interview with English-language magazine Macao.

Ncondezi Energy’s thermal plant in Mozambique expected to start operating in 2023

28 November 2018

Ncondezi Energy intends to start commercial exploration of a 300-megawatt coal-fired power station and coal project in Tete province, central Mozambique, in the first half of 2023, the company said in a statement.

Mozambique’s public debt in 2018 is expected to exceed Gross Domestic Product

27 November 2018

Mozambique's public debt is expected to reach 102.5% of gross domestic product (GDP) at the end of the year, with the economy likely to grow by 3.5%, Fitch Ratings said in an analysis report on the country's economy.

Natural gas exploration in Mozambique presses on resolutely

27 November 2018

The natural gas extraction and liquefaction industry in Mozambique appears to have been launched, after many years of delays and deliberations, according to the China-Lusophone Brief (CLBrief), a news service on China and the Portuguese-speaking countries.

Government of Cabo Delgado, Mozambique, wants to revoke unused mining prospecting licenses

26 November 2018

The provincial government of Cabo Delgado, northern Mozambique, wants the licenses issued for mining prospecting and research that are not being used to be revoked, the provincial governor said, quoted by daily newspaper Noticias.

João Ferreira dos Santos Group builds cooking oil refinery in Mozambique

26 November 2018

Construction work on a cooking oil refinery in the city of Cuamba, in Niassa province, northern Mozambique, of the João Ferreira dos Santos Group, is due to begin in February 2019, said one of the group's officials.

Growth of Mozambican economy expected to be over 4.0% in 2019

23 November 2018

Mozambique's economy is expected to grow in the range of 4.0% to 4.7% in 2019, with the forecast inflation rate to be around 6.0%, according to a statement from the International Monetary Fund's (IMF) technical mission.

Business people from Anhui meet in Maputo with counterparts from Mozambique

20 November 2018

Business people from China and Mozambique have gathered in Maputo to boost bilateral trade cooperation, particularly in engineering, construction and agriculture projects, the Xinhua news agency reported.

Mozambique connects all 152 district capitals to the national grid

20 November 2018

The electrification of the 152 district capitals of Mozambique was completed last Friday with the connection of Luabo, in the central province of Zambézia, to the national electricity grid, an official from state-owned Electricidade de Moçambique (EdM) reported.

Concession holder invests in capacity increase at Beira port in Mozambique

16 November 2018

The Mozambican government has approved an additional investment of US$290 million in the port of Be by concession holder Cornelder de Moçambique (CdM), the China-Lusophone Brief (CLBrief) reported.

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