Mozambique – Page 2

SMEs in Mozambique join national enterprise certification programme

31 December 2019

Mozambique’s National Programme for Enterprise Certification (Pronacer) already has 70 companies registered from a variety of sectors of activity of a total expected in the pilot phase of 200 small and medium-sized enterprises (SMEs), according to the Mozambican Confederation of Economic Associations.

Mozambique’s Gorongosa National Park to increase tourism offer in 2020

31 December 2019

Gorongosa National Park, located in Sofala province, central Mozambique, in 2020 plans to open a camp for tourists in the heart of the reservation, with fully equipped tents, announced the institution in a statement issued on its website.

Road fund owns entire share capital of Mozambique’s road network company Revimo

30 December 2019

Rede Viária de Moçambique (Revimo), a limited company founded in September 2018, has as its only shareholder the country's Road Fund, an institution run by the Ministry for Public Works, Housing and Hydro Resources, Savana/mediaFAX reported.

Natural gas will make Mozambique’s economy grow at a rate of 9.9% in 2024

26 December 2019

Mozambique's economy will grow at a rate of 9.9% in 2024, a year after the extraction of natural gas begins in the Coral field of the Area 4 block, a project led by Italy's ENI and US group ExxonMobil, according to a forecast by the Economist Intelligence Unit.

Mozambican company raises funds to build a solar power plant

26 December 2019

Mozambican company Nyiky Group, Lda already has the necessary funding to build a solar power plant in the municipality of Machabje Macia in Gaza province, south of Mozambique, the company's chairman told Mozambican daily newspaper Notícias.

Establishment of Forum Macau has allowed for exponential growth of trade between the member countries

26 December 2019

The value of trade between China and the Portuguese-speaking countries has increased 12-fold since the creation of the Forum for Economic and trade cooperation between China and the Portuguese-speaking Countries (Macau), in 2003, said the secretary-general of the Permanent Office, Xu Yingzhen, in statements to the Tribuna de Macau newspaper.

Trade between China and Portuguese-speaking countries exceeds US$108 billion in the first nine months

20 December 2019

The value of trade between China and the Portuguese-speaking countries remained practically unchanged year-on-year from January to September 2019, rising by 0.05% to US$108.984 billion, according to official Chinese figures released by Forum Macau.

New Mozambican ruby auction raises US$71.5 million

19 December 2019

The 13th auction of rubies extracted in Mozambique that Montepuez Ruby Mining has conducted since 2014 provided revenues of US$71.5 million, said the company in a statement issued in Maputo.

Proposal for Mozambique Sovereign Fund due to be completed in 2020

18 December 2019

The preparation of a proposal for the creation of a Mozambican sovereign fund financed with revenues from the exploration of natural gas will be completed in 2020, said on Thursday in Maputo the governor of the Bank of Mozambique.

Mozambican government hands over bridge and roads to private management

18 December 2019

Management of the Maputo - Catembe bridge and the Maputo Ring Road and National Road Number Six, between Beira and Machipanda, as well as the respective access roads and other infrastructure, was handed over in a concession to Mozambican road network company Revimo, the Council of Ministers decided on Tuesday.

Subsidiary of Indonesian group starts oil exploration in Mozambique

16 December 2019

Buzi Hydrocarbons Pte Ltd. in the next few days is scheduled to start onshore drilling for oil and gas in the Búzi block, in central Mozambique, in partnership with state oil and gas company Empresa Nacional de HIdrocarbonetos (ENH), said the president of the National Oil Institute.

Mozambique’s domestic public debt falls slightly since the end of October

16 December 2019

Mozambique's domestic public debt has decreased slightly since the end of October, reflecting the pay down of Treasury Bonds by approximately 567 million meticais, said the Monetary Policy Commission of the Bank of Mozambique, which last week held its last meeting in 2019.

Japan donates US$59 million to Mozambique for power plant and secondary schools

13 December 2019

The government of Japan has donated US$59.0 million to Mozambique to finance the construction of a power plant in Nacala, in Nampula province, as well as four secondary schools in four districts of Zambézia province, reported the Mozambican press.

Investors from Brazil and India interested in coal mining in Mozambique

13 December 2019

Mining mineral coal in Mucangadzi, Zumbo district, in the north of the central Mozambican province of Tete, will be re-launched starting next year, said the district administrator, Djone Manhoso.

US approves new aid programme for Mozambique

12 December 2019

The United States federal government has approved a new funding programme for Mozambique for five years which aims to reduce poverty through specific investments that drive economic growth, said the Millennium Challenge Corporation (MCC).

Standard Bank Mozambique launches Africa-China Agent service

6 December 2019

The Africa-China Agent is a new service intended to help entrepreneurs from Mozambique to establish contacts and communicate with Chinese suppliers and vendors, as well as manage the process of importing goods and services, said on Wednesday in Maputo, the manager of the Africa-China Banking clients of Standard Bank Moçambique.

Vale Moçambique is the largest company in the country for the second consecutive year

6 December 2019

Vale Moçambique, a subsidiary of Brazilian group Vale, was regarded as the largest company in Mozambique in 2018, according to a 2019 study by KPMG Auditores e Consultores.

Mozambique will have coastal freight services from the first quarter of 2020

5 December 2019

Cabotage, or coastal freight, services in Mozambique will start in the first quarter of 2020 and will be provided by a company established under a public-private partnership, Transport and Communications Minister Carlos Mesquita said on Wednesday in Maputo.

Introduction of tolls on National Road 6 in Mozambique, postponed until 1 January 2020

4 December 2019

Toll charges on National Road Number 6, which connects the Mozambican central port city of Beira to Machipanda, on the Zimbabwe border, will be reduced and their entry into force postponed to 1 January 2020, said the Mozambican Roads Fund.

Coral Sul FLNG Project provides training for young people in Mozambique

4 December 2019

Italian group ENI and other partners from the Rovuma basin Area 4 block, in northern Mozambique, will select a total of 800 young Mozambicans to undertake internships under the project known as Coral Sul FLNG, the group's managing director said on Tuesday in Maputo.

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