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Mozambiquehub

Mozambique calls for ADB’s support to introduce a new farming model

20 July 2018
Mozambique has requested the support of the African Development Bank (ADB) to introduce a new model of agricultural exploration in the country, during a meeting on the island of Sal in Cabo Verde (Cape Verde) between the Mozambican president Filipe Nyusi and the chairman of the ADB Akimune Adesina, according to Radio Moçambique.

Bridge over Maputo bay may be called “Maputo – Ka Tembe”

20 July 2018
The Maputo Municipal Assembly (AMM) wants the bridge linking the two banks of the city's bay to be named "Maputo - Ka Tembe," and the proposal was presented at a meeting held on Wednesday by members of the Municipal Council of Maputo City (CMCM), according to Mozambican newspaper A Verdade.

Angola hosts 13th Summit of the Community of Portuguese Speaking Countries

19 July 2018
Angola hosts the 13th Summit of Heads of State and Government of the Community of Portuguese Speaking Countries (CPLP), to be held in 2020, following a decision made at this year's meeting on the island of Sal, Cabo Verde (Cape Verde), which elected Portuguese ambassador Francisco Ribeiro Teles as the institution's new executive secretary, according to the local press.

Portuguese-speaking African countries and Timor-Leste receive 26 million euros from the European Union

19 July 2018
The Portuguese-speaking African countries and Timor-Leste (PALOP-TL) will have access to 26 million euros provided by the European Union (EU) to support two projects to promote employment in the cultural sector and reforms in the management of public finances, which was signed on Wednesday on the island of Sal in Cabo Verde (Cape Verde), the EU delegation in the archipelago said.

Entrepreneurs want CPLP to focus more attention on the economy

18 July 2018
Entrepreneurs want the subject of the economy to become a greater focus within the Community of Portuguese-Speaking Countries (CPLP) and allow them to take up room as economic leaders, the president of the CPLP Business Confederation (CE-CPLP) Jorge Carlos Fonseca, said during a hearing granted by the President of Cabo Verde.

Minister from Mozambique visits Thailand to promote natural gas

18 July 2018
The commercial promotion of natural gas to be extracted over the next decade in the Rovuma basin in northern Mozambique is one of the issues on the agenda of the Minister of Mineral Resources and Energy of Mozambique on a visit to Thailand, the Ministry said in a statement released in Maputo.

Companies from Mozambique breed cattle for Asian markets

18 July 2018
A group of private companies in Mozambique's Zambezia province has invested an estimated US$52 million in cattle breeding projects since last year, aimed at producing meat for export to Asian markets, said the head of the Livestock Department at the Provincial Directorate of Agriculture and Food Security.

Canada’s Fura Gems acquires nine ruby mining licenses in Mozambique

17 July 2018
Fura Gems, of Canada, will become the company with the largest licensed area - 1,104 square kilometres - for ruby exploration in Mozambique, after the conclusion of a merger of mining assets with Australian companies Mustang Resources Ltd and Regius Resources Group Ltd, the mining company said in a statement on Monday.

Xtract Resources announces an increase in gold mining in Mozambique

17 July 2018
Sino Minerals Investment Company, a company contracted by Explorator, Lda, a subsidiary of British group Xtract Resources, to explore the eastern half of the Manica concession in central Mozambique, extracted 1,703 ounces of gold in the second quarter, a 42% increase on the 1,200 ounces mined in the first quarter, the British group said.

6th Macau Ministerial Forum meeting postponed to 2020

16 July 2018
The sixth ministerial meeting of Forum Macau, which had been scheduled for 2019, will be delayed until 2020, according to diplomatic sources linked to the institution.

Barclays Bank Africa changes name to ABSA

16 July 2018
ABSA Group Limited, formerly Barclays Africa Group Limited and originally Amalgamated Banks of South Africa, has changed the brand name of Barclays Bank to ABSA in the markets where it operates,including Mozambique, where it operates under the name Barclays Bank Moçambique.

ExxonMobil Group plans to expand natural gas project in Mozambique

13 July 2018
US group ExxonMobil plans to expand its natural gas project in the Rovuma basin, in Mozambique, by about 50% of what was previously planned to reduce costs, group spokeswoman Julie King said in response to questions from the Reuters news agency.

Food products from Portuguese-speaking countries showcased in Dongguan, China

13 July 2018
The Macau-Dongguan Economic and Trade Cooperation Forum and the Promotional Activity of Products from the Portuguese-speaking Countries - Dongguan were recently held in that city on the Pearl River Delta organised by the Macau Trade and Investment Promotion Institute (IPIM) and the Dongguan Trade Department, according to official information.

Concession of the port of Beira, Mozambique, extended for 15 years

12 July 2018
The Mozambican government has decided to extend for 15 years the concession of the port of Beira to Cornelder de Moçambique, starting from 2023 when the current 19-year concession period is due to end, said the spokeswoman of the Council of Ministers and Deputy Minister of Culture.

Mozambican port and railway company announce modernisation of rail network

11 July 2018
Mozambican port and railway company Portos e Caminhos-de-Ferro de Moçambique (CFM) plans to invest US$200 million in the modernisation of its rail network over the next three years, the president of the state-owned company announced during the ceremony to mark its 120th anniversary celebrated on Monday in Maputo.

Navigator Group restructures forestry investment project in Mozambique

10 July 2018
Portuguese group The Navigator Company will reformulate its investment project in Mozambique, which will be conducted in two phases under a memorandum of understanding signed on Monday with the Mozambican government, the group said in a statement to the market.

Government of Mozambique seeks strategic partner for flagship airline

10 July 2018
The Mozambican government plans to accelerate the restructuring plan of Linhas Aéreas de Moçambique (LAM), the country's prime minister said on Monday, describing the recovery of the airline flag as, "a priority."

Commercial exploration of natural gas in Mozambique scheduled for 2024

10 July 2018
Mozambique Rovuma Venture presented the development plan for the first phase of the Rovuma LNG project, which will extract, liquefy and sell natural gas from the Mamba fields located in the Rovuma Area 4 block to the Mozambican government, Italian group ENI said in a statement issued in Milan on Monday.

Brazil absent from the 2018 Luanda International Fair

10 July 2018
Brazil is the main absentee of the 34th edition of the Luanda International Fair (Filda/2018), taking place on Tuesday, in the Luanda/Bengo Special Economic Zone, while Portugal, with 25 exhibitors, has the largest foreign contingent, the national director for the Economy, Competitiveness and Innovation of the Ministry of Economy and Planning said on Monday.

Angola’s National Bank cancels authorisation granted to Ecobank Transnational

9 July 2018
The authorisation granted to Pan-African financial group Ecobank Transnational Inc. to set up Ecobank Angola has been cancelled following its expiration, "due to the repeated non-compliance with the legal deadline for the start of activity," the National Bank of Angol said last week.
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