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Mozambiquehub

Government of Mozambique open to cooperating with justice system on hidden debts

25 January 2019
The Mozambican government is available to cooperate with law enforcement agencies in investigating the country's so-called hidden debts, said President Filipe Nyusi on Wednesday in Maputo, speaking at a reception for the diplomatic corps accredited in the country, the local press reported.

China offers 41 scholarships to Mozambican students in the 2019/2020 academic year

24 January 2019
China has awarded 41 scholarships to Mozambique for undergraduate and master's degrees in the 2019/2020 academic year, and the deadline for submission of applications runs until 5 March, according to the Scholarship Institute.

Trade between China and Portuguese-speaking countries exceeds US$134 billion from January to November 2018

23 January 2019
The value of trade between China and the eight Portuguese-speaking countries totalled US$134.981 billion in the January-November 2018 period, a year-on-year increase of 25.27%, according to official Chinese figures released by Forum Macau.

Mozambique’s economic growth in 2019 practically unchanged compared to 2018 – EIU

22 January 2019
Mozambique's economy is expected to remain unchanged in 2019, with Gross Domestic Product (GDP) growth falling by 10 basis points compared with 2018 to 3.4%, according to the Economist Intelligence Unit.

Mozambican parliament assesses impact of extractive industry in Cabo Delgado

22 January 2019
The Economic and Environmental Commission of the Mozambican parliament travelled to the province of Cabo Delgado to assess the socio-economic impact on local communities of the exploitation of mineral resources, said the delegation's spokesman.

Mozambican telecoms companies TdM and Moçambique Celular merge to create Mozambique Telecom

21 January 2019
Mozambique Telecom is the new state-owned company that has resulted from the merger of public telecommunications companies Telecomunicações de Moçambique (TdM) e Moçambique Celular (MCel), the Mozambican press reported.

China is Mozambique’s largest country creditor up to 2017

18 January 2019
China was Mozambique's largest creditor country at the end of 2017, with loans totaling US$1.8 billion, according to the Report and Opinion of the Administrative Tribunal on that year's State General Account.

Mozambique sets up gold trading warehouse in Manica

18 January 2019
Mozambican state-owned Empresa Moçambicana de Exploração Mineira (EMEM) will set up a commercial warehouse in the province of Manica for the purchase and sale of gold mined in the province, the deputy minister of Mineral Resources and Energy announced on Thursday.

Mozambique records inflation rate of 3.91% in 2018

16 January 2019
Mozambique ended 2018 with an inflation rate of 3.91%, with accumulated 12-month inflation rising to 3.52%, the National Statistics Institute (INE) said on Tuesday in Maputo.

Cahora Bassa hydroelectric plant in Mozambique increases electricity production in 2018

16 January 2019
The production of electricity at the Cahora Bassa Hydroelectric Power Plant (HCB) in the central Mozambican province of Tete totalled 13,659 gigawatt hours in 2018, an annual increase of 1.39%, the company said in a statement.

Syrah Resources extracts 104,000 tonnes of graphite in Mozambique in 2018

15 January 2019
Graphite production at the Balama concession in northern Mozambique reached 104,000 tonnes in 2018, with 33,000 tonnes in the fourth quarter alone, Australian company Syrah Resources said on Monday.

Obtala Group increases stake in subsidiary that controls forest concessions in Mozambique

11 January 2019
The Obtala Limited group has increased its stake in subsidiary Montara Continental Limited from 75% to 100%, according to the Guernsey-based agroforestry group.

International transport groups position themselves in northern Mozambique

10 January 2019
Dutch group Mammoet has organised a fleet of specialised vehicles that will be stationed in Mocímboa da Praia, Cabo Delgado province, northern Mozambique, with the respective crew, the group said in a statement.

World Bank forecasts economic growth of 2.9% in 2019 for Angola

10 January 2019
Angola is expected to post economic growth of 2.9% in 2019, up 0.7 percentage points from the June 2018 forecast, the World Bank said on Wednesday.

Mozambican Attorney General’s Office awaits response to letters rogatory

8 January 2019
The Attorney General's Office of the Republic of Mozambique os still waiting on a reply to letters rogatory sent to the United States, United Kingdom and United Arab Emirates regarding the case of hidden debts, according to a statement released on Monday in Maputo.

India grants credit line to Mozambique to buy railway equipment

7 January 2019
The Exports and Import Bank (ExIm) of India has opened a credit line of US$95 million for Mozambique to acquire railway equipment under an agreement recently signed in Maputo, the bank said.

Gas-fired power plant planned for Temane in Mozambique

7 January 2019
The government of the Mozambican province of Inhambane and qualified strategic partners are planning to start construction of a gas-fired power station in Temane in the Inhassoro district this year, the AIM news agency reported.

Mozambican Tax Authority announces tax pardon for companies

4 January 2019
Five large Mozambican state-owned companies are on the list of debtors that will benefit from a tax pardon, said the president of the country's Tax Authority.

Final investment decision of the Area 4 block in Mozambique, scheduled for 2019

31 December 2018
The final investment decision for the Area 4 block in northern Mozambique is expected to be made in 2019 as partners involved in the project have committed to buying the natural gas to be extracted, reported Italian group ENI.

Mozambican company starts production of cooking oil in 2019

31 December 2018
Mozambican company Plexus plans to start producing cooking oil from cottonseed at an industrial plant in the Montepuez district of Cabo Delgado province in 2019, the district administrator said.
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