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Angola closes borders from 20 March

19 March 2020
Angola will close its air, land and sea borders to the movement of people from midnight on 20 March for 15 days, renewable for an equal period, depending on the progress of the Covid-19 pandemic, according to a presidential decree.

EIU lowers Mozambique’s economic growth forecast for 2020

19 March 2020
The outbreak of Covid-19 has led the Economist Intelligence Unit (EIU) to cut it forecast for Mozambican economic growth in 2020 by four tenths of a percentage point, from 4.2% to 3.8%, according to the latest report on the country.

Companies in Mozambique benefit from natural gas exploration in the Rovuma basin

19 March 2020
The international groups that are involved in the project of extraction of natural gas in the Area 1 block of the Rovuma basin, in the Mozambican province of Cabo Delgado, have already spent approximately US$500 million on the acquisition of goods and services from companies in Mozambique, the president of the National Oil Institute (INP) said recently.

Electricidade de Moçambique takes electricity to areas with tourism potential in Nampula province

19 March 2020
Mozambican power company Electricidade de Moçambique (EDM) has invested 365 million meticais (US$5.5 million) in the construction of two medium and low voltage transmission lines to the areas with potential for tourism development in Nampula province, in the north of the country, daily newspaper Notícias reported.

Extractive industry provides Mozambique with US$2.25 billion in tax revenues

18 March 2020
The Mozambican state has taken 150 billion meticais (US$2.25 billion) in tax revenues from the extractive industry over the last five years, daily newspaper O País reported, citing figures announced at the launch of the second phase of the programme of "Democratic Governance of Natural Resources in the Country."

Annual Conference of the Private Sector in Mozambique 2020 may be cancelled

18 March 2020
The Annual Conference of the Private Sector in Mozambique (CASP-2020), scheduled for next May, may not go ahead due to the spread of the new coronavirus at a global level and requirements to comply with restrictions imposed by the government to prevent the spread of the pandemic, according to an official source.

Tongaat Hulett Group invests in sugar factory in Mozambique

18 March 2020
Tongaat Hulett, the majority shareholder of the Mafambisse sugar factory, one of the oldest factories in the sector in Mozambique, located in the central province of Sofala, plans to invest approximately 500 million rand on relaunching production not only in Mafambisse but also in Xinavane, in the south of the country, said the director-general of the South African group in Mozambique.

Moatize mines, in Mozambique, sold to a Maritius-based company

17 March 2020
Arcem Resources, with headquarters in Mauritius, has acquired the Minas de Moatize mine, a company that has a coal concession in Moatize, a mining district of Tete province, central Mozambique, reported the Zitamar News website.

Bank of Mozambique reduces the required reserve ratio by 150 basis points

17 March 2020
The Board of Directors of the Bank of Mozambique on Monday in an extraordinary session decided to reduce the required reserve ratio, the amount of money that banks commercial banks must deposit at the central bank, by 150 basis points, according to an official statement.

IMF postpones visit to Mozambique due to Covid-19

17 March 2020
The global outbreak of Covid-19 has led to the postponement of a visit to Maputo by a technical team of the International Monetary Fund (IMF) scheduled for the second half of March, said on Monday the resident IMF representative in Mozambique.

Citizens of the United States prevented from entering Angola, Mozambique, São Tomé and Príncipe and Timor-Leste

16 March 2020
The government of Angola is keeping the ban on the entry of foreign nationals from China, the epicentre of the new coronavirus, South Korea, Japan and Italy, but may extend or reduce this list based on the evolution of the pandemic, said the Secretary of State for Public Health, Franco Mufinda.

Construction of the port of Macuse in Mozambique starts in 2021

16 March 2020
The construction of the deep-water port of Macuse, in Mozambique’s Zambézia provine, is expected to start in 2021, the president of Mozambique Thai Logistic, Orlando Marques, the concessionaire company of the project announced last week in Quelimane.

Government of Mozambique creates Agency for Integrated Development of the North

16 March 2020
The government of Mozambique has created the Agency for Integrated Development of the North (ADIN), a public institution with the aim of take advantage of the potential and the natural resources in the northern region of the country, said the spokesman of the Council of Ministers.

Mozambican government imposes quarantine on citizens of China and five other countries

13 March 2020
The government of Mozambique will quarantine the citizens of China as well those from Italy, South Korea, Japan, Germany and France, who wish to enter the country, announced on Thursday in Maputo, the Ministry of Health.

Lubango in Angola, becomes home to technical and vocational institute of the Portuguese-speaking African countries

12 March 2020
The Vocational Technical Institute of Finance of the Portuguese-speaking African Countries (PALOP), will be inaugurated in September in the Angolan city of Lubango, the official responsible for the training establishment said on Wednesday in the city.

Government of Mozambique issues more than US$100 million in debt since January

12 March 2020
The government of Mozambique has issued 7.5 billion meticais (US$113 million) in domestic public debt, although the Economic and Social Plan and the State Budget for 2020 have not yet been submitted to the country’s parliament, Mozambican newspaper A Verdade reported.

Government of Mozambique puts port of Quelimane up for public tender

11 March 2020
The dry dock and the fishing port of Quelimane, in Mozambique's Zambézia Province, will be delivered under a concession to private management, in order to maximise the income from the facility that supports industrial fishing in the Sofala Bank, the minister of the sea, inland waters and fishing in Mozambique said recently.

Twigg Exploration and Mining resumes graphite exploration in Mozambique

9 March 2020
Twigg Exploration and Mining has recently resumed the exploration of deposits of graphite in Balama, Cabo Delgado province, after about six weeks of downtime, said the head of the bagging department.

City of Pemba, Mozambique, introduces tourist tax

9 March 2020
Mozambicans and foreigners who visit Pemba and stay in any tourist establishment in the capital of the province of Cabo Delgado are subject, from next April, to payment of a tax imposed by the Municipal Council of the city, the city's mayor said.

Chinese contractor postpones completion of road in Mozambique until November

9 March 2020
The deadline for the completion of repair and asphalting works on the stretch of road between Montepuez and Ruace, which connects the provinces of Cabo Delgado and Niassa, in northern Mozambique, has been extended to next November, after having been initially planned for February, according to Mozambican daily newspaper, Notícias.
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