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Mozambiquehub

International Monetary Fund analyses emergency credit to Mozambique

27 March 2019
The International Monetary Fund (IMF) is considering granting an emergency loan to Mozambique of between US$60 million and US$120 million, the IMF's mission head for Mozambique announced on Tuesday in Maputo.

Hyundai Motors plans to build heavy vehicles in Angola

25 March 2019
South Korean group Hyundai Motors plans to build a factory in Angola to assemble heavy-duty vehicles, the group's sales director for commercial vehicles announced on Friday in Luanda.

Mozambique’s insurers negotiate requirements to participate in natural gas projects

22 March 2019
The requirements set out by foreign groups for the participation of Mozambican insurance companies in natural gas projects are being negotiated and may be revised, said the president of Mozambican insurance company Emose.

Chinese company Qingdao Jinhui Graphite interested in a mining project in Mozambique

20 March 2019
Triton Minerals has signed a memorandum of understanding with Chinese company Qingdao Jinhui Graphite Co. Ltd which could become a binding agreement within six months, the Australian company said recently.

Mozambique’s agricultural development model must be more competitive

19 March 2019
Mozambique's agricultural development model has to be changed in order to be more competitive and create added value, said Mateus Magala, vice president of the African Development Bank (AfDB), in Maputo recently.

ENI announces start of natural gas extraction in Mozambique by 2024

18 March 2019
Extraction and processing of natural gas in the Mamba field in the Rovuma Basin Area 4 block in northern Mozambique is expected to begin by 2024, the chief executive of Italian group ENI said on Friday in Milan.

Portuguese-speaking countries showcased at Macau market

18 March 2019
A market focused on products from Portuguese-speaking countries and from Macau is due to be held on the Macau peninsula between 29 and 31 March, according to the Macau Trade and Investment Promotion Institute.

Kenmare Resources exports record amount of minerals extracted in Mozambique in 2018

15 March 2019
Kenmare Resources reported the third consecutive year of record export of minerals extracted from the Moma heavy sand deposits in Nampula province, northern Mozambique, in 2018, the Irish company said.

Angola and Mozambique stand out in 2018 by number of construction projects

14 March 2019
Angola and Mozambique were the second and third countries in Southern Africa in 2018 with the highest number of construction projects worth US$50 million or more, according to consulting firm Deloitte.

Heineken Group opens brewery in Mozambique

13 March 2019
The President of Mozambique on Wednesday inaugurated the Heineken Mozambique brewery, involving an investment of US$100 million and construction of which began in December 2017, the Heineken group said in a statement.

Portugal participates in the Mozambique Lusophone Compact with guarantees for financing

13 March 2019
Portugal is taking part in Mozambique Lusophone Compact 400 million euros in guarantees to be matched by financing from the African Development Bank (AfDB) for development projects in the East African country, according to official information.

Qatar Petroleum acquires stake in offshore block in Mozambique

12 March 2019
The Qatar Petroleum group will acquire a 25.5% stake in the A5-A block in the Mozambican offshore under an agreement signed with Italian group ENI, according to a statement released in Milan.

Portugal, Mozambique and African Development Bank sign programme to support Mozambique

11 March 2019
A memorandum of understanding between Portugal, Mozambique and the African Development Bank establishing the Compact for Mozambique under the Compact Lusophone initiative is due to be signed on Tuesday in Maputo, according to an official statement.

EU funds development of two provinces of Mozambique

8 March 2019
Four financing agreements for Mozambique to promote trade, biodiversity, agro-business and transport were signed in Maputo on Thursday, according to the European Union delegation in Mozambique.

Bank of Mozambique raises reserve requirement ratio in foreign currency

7 March 2019
The reserve requirement ratio in foreign currency in Mozambique has increased by nine percentage points to 36%, with effect from 7 March, the Bank of Mozambique reported.

Government of Mozambique launches international public tender for Mphanda Nkuwa dam

6 March 2019
The Mozambican government has launched an international public tender to hire a consulting firm to support a strategy for the development of the Mphanda Nkuwa Hydroelectric Project, according to official information.

Solar power plant in Mocuba, Mozambique, starts operating this month

6 March 2019
The Mocuba solar plant in Zambezia province, central Mozambique, is due to go start operating by the end of this month, generating 40 megawatts (MW) of electricity, a source from the Ministry of Mineral Resources and Energy announced.

Capital of Niassa in Mozambique receives freight train once a week

6 March 2019
A train reserved for general cargo transport last Sunday travelled along the route between Cuamba and Lichinga, in Niassa province, northern Mozambique, said the commercial manager of the Northern Development Corridor.

Mozambique receives visit from IMF technical mission

6 March 2019
A technical mission from the International Monetary Fund (IMF) is due to arrive in the Mozambican capital next Friday, 8 March, for further consultations with the Mozambican government with the back drop of the country's so-called hidden debts, the multilateral institution said.

Government of Mozambique publishes leaflet explaining public debt

5 March 2019
The Mozambican government will continue negotiations for the conclusion of the so-called hidden debts process that has been ongoing since 2016, according to a leaflet posted on the Ministry of Economy and Finance website.
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