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Mozambiquehub

Mozambique’s ENH secures funding for natural gas project in September

8 August 2019
A US$2.0 billion financing contract is due to be completed in September, the chairman of Mozambique's national oil company ENH, said on Wednesday in Maputo.

Mocuba Solar Power Station in Mozambique opens on 10 August

8 August 2019
The Mocuba Solar Power Station in Mozambique's Zambézia province will be formally inaugurated on Saturday, when it will start piping 40 megawatts of electricity into the national grid, state-owned Electricidade de Moçambique (EDM) said.

Mozambican economy to grow again in 2020 after 0.5% contraction this year

7 August 2019
Mozambique's economy is expected to contract by 0.5% this year and to return to growth in 2020 at the annual rate of 3.0%, according to the latest forecasts from the Economist Intelligence Unit.

Mozambique approves 180 investment projects in the first half of 2019

7 August 2019
The government of Mozambique in the first half of the year approved 180 investment projects to be implemented in the country's Special Economic Zones, said the director-general of the Agency for Investment and Export Promotion

Mozambique puts state company for medicine import and export up for sale

6 August 2019
The Mozambican State Equity Management Institute (Igepe) has put the state-owned medication import and export company Medimoc up for sale, according to an announcement late last week in Maputo.

Natural gas exploration in Mozambique brings in more state revenue

6 August 2019
The investments due to be made in the exploration of natural gas are a "giant step" towards raising more revenue for the state and boosting the national economy, said the President of Mozambique on Monday in Palma.

Mozambican president lays foundation stone for natural gas project in the Rovuma basin

5 August 2019
The President of Mozambique, Filipe Nyusi, on Monday in the district of Palma, Cabo Delgado province, in northern Mozambique, is due to lay the foundation stone of the Mozambique LNG-Liquefied Natural Gas Project of a consortium led by US multinational Anadarko, according to Mozambican state news agency AIM.

Mozambique to select a consultant for Mphanda Nkuwa dam project by the end of the year

5 August 2019
Mozambique will select the consulting firm that will provide services for the legal and financial structuring of the Mphanda Nkuwa Hydroelectric Project in Tete province by the end of this year, according to Portuguese news agency Lusa.

Mozambique’s Area 1 natural gas project starts in August

1 August 2019
Construction work on the processing units for the natural gas extracted in the Rovuma basin, in northern Mozambique, is due to start next Monday, the President of the Republic announced on Wednesday in Maputo.

Solar plant in Mozambique starts commercial operation

1 August 2019
The Mocuba solar power plant in Mozambique has started commercial operation following its connection to the national power grid, Norwegian company Scatec Solar said in a statement in Oslo.

Mozambique releases macroeconomic data on IMF system

1 August 2019
Mozambique's macroeconomic data is now available on the National Summary Data Page (NSDP) following the recommendations of the International Monetary Fund (IMF) Enhanced General Data Dissemination System (e-GDDS), the IMF said.

Israeli group builds grain terminal in Nacala, Mozambique

31 July 2019
The Mitrelli group recently laid the foundation stone for the construction of a bulk grain terminal in the port of Nacala, Nampula province, northern Mozambique, according to local media reports.

Mozambican government continues to look for solutions for former textile factory Textáfrica

31 July 2019
The Mozambican government is looking for solutions to monetize the facilities of Textáfrica - Sociedade Têxtil de Vila Pery, President Filipe Nyusi said on Tuesday in Manica, according to the Mozambican press.

Trade between China and Portuguese-speaking countries increases 3.8% from January to May

30 July 2019
The value of trade between China and Portuguese-speaking countries grew 3.8% year-on-year to US$58.836 billion between January and May 2019, according to official Chinese figures released by Forum Macau.

Thermal power plant in Tete, Mozambique moves ahead with a tripartite agreement

26 July 2019
Ncondezi Energy has signed a joint development agreement for a thermoelectric power station in Mozambique's Tete province with the China Machinery Engineering Corp. (CMEC) and General Electric Switzerland (GE), the British company said in a statement.

Mozambican government approves construction of Beluluane power plant

25 July 2019
The Mozambican government on Tuesday in Maputo approved the terms and conditions of a 30-year concession to the Beluluane Gas Company, SA for the Beluluane Thermoelectric project with a total installed capacity of up to 2,000 MW.

Mozambican mining company now holds 5.0% of Australian mining group subsidiary

23 July 2019
Mozambican mining company Empresa Moçambicana de Exploração Mineira (EMEM) now controls a 5.0% stake in Twigg Exploration and Mining Limitada, a subsidiary of Syrah Resources, the mining group said in a statement released on the Australian stock market.

Mozambique hires CITIC group to build 35,000 houses

22 July 2019
A subsidiary company of the Chinese state-owned CITIC group will build 35,000 homes in Mozambique under a recently signed agreement with the Housing Development Fund (FFH), the mediaFAX website reported.

Portugal’s euroAtlantic Airways intends to cooperate with Linhas Aéreas de Moçambique

22 July 2019
Portuguese airline euroAtlantic Airways plans to cooperate with Mozambican airline LAM in its bid to return to Europe via Lisbon, the company's chief executive said in Maputo.

Mozambique intends to continue to participate in the Belt and Road initiative

19 July 2019
Mozambique will continue to actively participate in the Belt and Road initiative by attending major events such as the China International Imports Exhibition in Shanghai, a ministerial official said recently in Maputo.
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