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Mozambiquehub

IMF grants an emergency loan to Mozambique

23 April 2019
The International Monetary Fund (IMF) has granted emergency financial support to Mozambique in the amount of US$118.2 million under the Rapid Credit Facility (RCF), the IMF said in a statement released in Washington.

Mozambique reaches agreement to restructure Mozambique Asset Management debt

23 April 2019
An agreement to restructure a US$535 million debt owed by state-owned Mozambique Asset Management (MAM) has been reached, Mozambican newspaper @Verdade reported quoting the Minister of Economy and Finance.

Mozambique will eventually be one of the 10 largest producers of liquefied natural gas in the world

18 April 2019
Mozambique is expected to become one of the world's 10 largest producers of liquefied natural gas (LNG) in the next few years alongside Nigeria and Algeria in Africa, according to an analysis released on Tuesday by GlobalData.

Supporting Office to the Permanent Secretariat of Forum Macau may become a Services Directorate

17 April 2019
The Macau government is considering a proposal to transform the Supporting Office to the Permanent Secretariat of Forum Macau into a Services Directorate, Teresa Mok, the Office's coordinator, said on Tuesday.

Cyclone Idai drives Mozambique’s economic growth to negative ground in 2019, EIU says

17 April 2019
The damage caused in Mozambique by cyclone Idai is expected to result in an economic contraction for the country of 2.0% this year, according to the latest forecasts from the Economist Intelligence Unit (EIU).

Trade between China and Portuguese-speaking countries up 15.61% in January/February 2019

15 April 2019
The value of trade between China and the Portuguese-speaking countries reached US$23.583 billion in January/February 2019, an increase of 15.61% year-on-year, according to official Chinese figures released by Forum Macau.

Sweco provides consulting services to the Cahora Bassa hydroelectric plant in Mozambique

15 April 2019
Swedish company Sweco has signed a US$5.2 million contract related to the project to modernise the Cahora Bassa hydroelectric plant in Mozambique, according to a statement released on Friday by the consultancy.

Chevron Corporation buys Anadarko Petroleum

15 April 2019
The Chevron Corporation group has reached an agreement to buy all of the shares representing the capital stock of the Anadarko Petroleum Corporation group, both of the United States, according to a statement issued to the market.

Cyclone Idai reduces the growth rate of Mozambique’s economy in 2019

12 April 2019
One of the consequences of cyclone Idai hitting Mozambique is expected to be a drop in the rate of economic growth in 2019, which will range between 2.8% and 1.1%, the Economy and Finance minister said in Washington.

Mozambique’s national postal company wants to sell assets to be able to compete with private companies

9 April 2019
Mozambican state-owned postal company Correios de Moçambique plans to sell a portion of its real estate assets to reduce the number of workers from 620 to 326 nationwide, announced the chairman of the company's Board of Directors.

São Tomé and Príncipe welcomes 300 entrepreneurs to an international meeting in July

8 April 2019
About 300 entrepreneurs are expected to head to São Tomé and Príncipe to attend the 14th business meeting for economic cooperation between China and the Portuguese-speaking countries next July, the organising committee said.

The government of Mozambique wants Ematum fleet to fish for tuna

8 April 2019
The Mozambican government has been conducting consultations to start up the 30-vessel fleet of Empresa Moçambicana de Atum (Ematum), which has been at a standstill in the port of Maputo since its acquisition, said the Minister for the Sea, Inland Waters and Fisheries.

Companies in Cabo Delgado, northern Mozambique, facing difficult situation due to armed attacks

8 April 2019
Business owners in the province of Cabo Delgado, northern Mozambique, where several armed attacks have occurred, are facing a difficult situation, with some companies closing, Mozambican newspaper O País reported.

World Bank finances rural electrification in Mozambique

4 April 2019
The World Bank has provided funding of US$148 million to Mozambique to increase access to electricity in five of the country's poorest provinces, according to a statement released in Washington.

Mozambican government wants to improve the business environment with tax amnesty

3 April 2019
The government-approved tax amnesty will bring taxpayers closer to the tax system and allow for the improvement of the business environment, the Mozambican economy and finance minister said in Maputo.

Nacala airport in Mozambique starts receiving international flights this year

2 April 2019
Nacala airport in northern Mozambique will begin receiving international flights this year following the reorganisation of the country's airport system, according to the president of airport management company Aeroportos de Moçambique.

Agreement with Area 4 Block operators in Mozambique will be reached soon

1 April 2019
The agreement between the Mozambican government and the Rovuma Area 4 Area operators is expected to be reached "soon," thereby allowing the natural gas project to go ahead, said the Minister of Mineral Resources and Energy.

Greater Bay Area on Forum Macau agenda for 2019

28 March 2019
Forum Macau unanimously approved the work plan for 2019, which clearly states the need to increase cooperation with the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).

Mozambique’s ENH will receive state guarantee to issue Eurobonds

28 March 2019
The Mozambican government will grant a State endorsement on the issue of Eurobonds by oil company ENH in order to guarantee its participation in natural gas projects, the Economist Intelligence Unit (EIU) reported.

Mozambican Sovereign Fund must have independent management

28 March 2019
The Sovereign Fund to be set up in Mozambique with revenues from natural gas exploration in the north of the country should operate independently, said President Filipe Nyusi.
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