Mozambique – Page 2

Tolls to be charged from 1 December on road linking Beira, in Mozambique, to Zimbabwe

25 November 2019

Toll charges on National Road Number Six (EN6), which connects the Mozambican port city of Beira with the border village of Machipanda on the Zimbabwe border, will begin on 1 December, said the Mozambican Minister of Public Works, Housing and Water Resources.

Governor gives assurances that Bank of Mozambique fulfills mission in 2019

22 November 2019

The Bank of Mozambique has fulfilled its mission of consolidating the stability of the country's macroeconomic and financial system, despite the particularly complex economic, political and social scenario, both domestically and internationally, the governor of the central bank said.

World Bank funds construction of railway line in Mozambique

20 November 2019

The World Bank will finance the construction of a 27-kilometre railway line between Matola Gare and Albazine railway stations in the metropolitan area of Maputo, southern Mozambique, the president of Metrobus said.

Road concessions launched in Mozambique from April 2020

20 November 2019

The concession of Mozambique's national road sections to private operators is expected to take place in April 2020, said the director-general of the National Roads Administration (ANE), quoted by Mozambican daily newspaper Notícias.

Mozambique’s ENH is expected to get the funding it needs, EIU says

19 November 2019

Mozambique's national oil and gas company, ENH; is expected to secure the funds needed for its 15% stake in the Rovuma basin Area 1 natural gas project in northern Mozambique, according to the latest report on the country by the Economist Intelligence Unit (EIU).

Savannah Resources secures new mining concession in Mozambique

19 November 2019

The Savannah Resources Group has been granted a third mining concession for the Mutamba heavy sands project in Mozambique, the London-based group said in a market statement released on Monday.

China plans to cooperate more with Mozambique on building infrastructure

18 November 2019

China is ready to deepen its cooperation with Mozambique, particularly with regard to infrastructure construction, the Chinese ambassador to Mozambique said last week when he took part in the inauguration of a road rebuilt by a Chinese company.

Mozambique Area 4 Block to have final investment decision in April 2020

18 November 2019

US group ExxonMobil and other partners of the Area 4 block of the Rovuma basin, in northern Mozambique, have scheduled the approval of the final investment decision in that block for April 2020, Mozambican newspaper O País reported recently.

Mozambican president inaugurates road rebuilt by Chinese company

15 November 2019

National Road No 6, which connects the port city of Beira to the village of Machipanda, on the Mozambique-Zimbabwe border, was inaugurated on Thursday by the President of the Republic, after the contractor, China's Anhui Foreign Economic Construction (Group ) Co., Ltd completed the repair and expansion works.

IMF forecasts strong recovery of Mozambique’s economy in 2020

14 November 2019

Mozambique's economy is expected to see a strong recovery in 2020, coupled with a low inflation rate, according to projections from a mission of the International Monetary Fund (IMF), led by Ricardo Veloso, which was in Maputo from 6 to 12 November to assess the main indicators and the evolution of the country.

Chief Executive of Macau presents a review of government activity

13 November 2019

The Chief Executive of Macau said that 2019 marks the end of a ten-year governance phase for himself and his team, on Tuesday when he presented a review of government action for 2019 to the Legislative Assembly.

Premiums issued by Mozambican insurers fall in Q2

13 November 2019

Premiums issued by insurance companies operating in Mozambique amounted to 3.325 billion meticais (US$52.1 million) in the second quarter of 2019, a 30.26% drop from the amount recorded in the first quarter, the Insurance Supervision Institute said.

Absa Bank Moçambique opens first branch in Maputo with new branding

12 November 2019

Absa Bank Moçambique, formerly Barclays Bank Mozambique, opened its first branch in Maputo with the new branding and new colours on Monday, officially starting its banking operations under the new name.

Mozambique’s ENH seeks to raise US$1.5 billion

11 November 2019

Mozambique's state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH) is launching a set of investor presentations this week to raise US$1.5 billion to fund the company's share in the Area 1 natural gas project, in which it holds a 15% stake, said the chairman of the Mozambican state company.

Two Chinese companies bid to supply Mozambique with liquid fuels

11 November 2019

Addax Petroleum, of the Sinopec Group and Petrochina are the two Chinese companies out of ten that submitted bids for providing fuel to Mozambique for six months from 1 January 2020, said João Macandja, managing director of the Mozambican oil import company, Imopetro.

Government is defending Mozambique’s reputation, says Minister of Economy and Finance

11 November 2019

The repayment of Mozambican tuna company Ematum's debt is intended to restore Mozambique's good reputation as a country that meets its international obligations, said Mozambican Minister of Economy and Finance, Adriano Maleiane.

Macau and Shanghai have “great complementarity” in relations with Portuguese-speaking countries

7 November 2019

Shanghai City's trade with Portuguese-speaking countries reached US$10 billion in 2018, said the president of the Macau Institute for Trade and Investment Promotion (IPIM), according to whom that city and Macau show have “great complementarity” in this cooperation.

Total Group wants to increase liquefied natural gas production in Mozambique

7 November 2019

French group Total intends to increase the production of liquefied natural gas in the Area 1 block of the Rovuma basin, northern Mozambique, with the installation of two additional liquefaction modules, an official said in Cape Town, South Africa.

India was Mozambique’s main export destination in 2018

6 November 2019

In 2018 India was Mozambique's main export destination with a share of 27.32% or US$1.369 billion, according to the country's National Statistics Institute in its Statistical Yearbook for last year.

Mozambican government launches public tender for real estate project

6 November 2019

The Government of Mozambique within the next three months plans to launch a public tender for the construction of a real estate project of state-owned airport company Aeroportos de Moçambique, said the Minister of Transport and Communications, Carlos Mesquita.

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