Mozambique – Page 2

Macau extends export credit insurance to all Portuguese-speaking countries

9 October 2019

An export credit insurance system to provide additional support to reduce the risk of trade with Portuguese-speaking countries was officially launched in Macau to support the construction of the Commercial and Trade Cooperation Service Platform between China and Portuguese-speaking Countries, the Monetary Authority of Macau (AMCM) said.

Companies from China and Portuguese-speaking countries meet at summit in Macau

9 October 2019

On 16 October, Macau will host the Summit on the Construction of the China-Portuguese-Speaking Trade Cooperation Services Platform, supported by the 2019 China Central Public Enterprises, the Macau Institute for Trade and Investment Promotion (IPIM) said in a statement.

Area 4 natural gas project has conditions to move forward, says President of Mozambique

9 October 2019

Mozambique Rovuma Venture's final investment pre-decision announcement means that the Rovuma Basin Area 4 block's natural gas project is in a position to move forward to the next stages of construction, development, production and marketing, the President of Mozambique said on Tuesday in Maputo.

Chinese group builds power grid in Mozambique

9 October 2019

A consortium of state-owned enterprises from China will design and build a transmission network and its substations in Mozambique under a contract signed with Mozambican state power company Electricidade de Moçambique (EDM), China Energy Engineering International Co., Ltd. said in a statement.

Mozambican Airlines resumes flights to Portugal in March 2020

8 October 2019

From March 2020, the Linhas Aéreas de Moçambique (LAM) airline will resume its connection between Maputo and Lisbon with three weekly flights, which will be carried out in partnership with the Hi Fly airline. The announcement was made on Monday in Lisbon, Portugal, by the managing director of the carrier.

CITIC Construções starts building houses in Mozambique in the first half of 2020

8 October 2019

CITIC Construções is expected to begin construction of 35,000 homes in the first half of 2020, with the project at an “advanced” stage of financial structuring, according to the Minister of Public Works, Housing and Water Resources quoted by Mozambican newspaper Notícias.

Mozambican president announces initial investment decision for Rovuma LNG project

8 October 2019

The Government of Mozambique and the Mozambique Rovuma Venture consortium on Tuesday in Maputo, announced the Initial Investment Decision for the Rovuma LNG project in the northern province of Cabo Delgado, according to a statement from the Ministry of Mineral Resources and Energy released on Sunday.

Total Group concludes purchase of natural gas assets in Mozambique

3 October 2019

French group Total has completed the acquisition of the 26.5% stake previously held by Anadarko Petroleum group in the Mozambique LNG project for US$3.9 billion, according to a statement released on Monday.

US federal bank provides loan for natural gas project in Mozambique

30 September 2019

The US Export and Import Bank has approved a US$5 billion loan to support the export of domestic goods and services for the various phases of construction and development of the integrated liquefied natural gas project on the Afungi Peninsula, northern Mozambique, the institution said in a statement.

2019PLPEX to showcase cooperation between China and the Portuguese-speaking countries

30 September 2019

The Exhibition of Products and Services of Portuguese-speaking Countries (Macau) 2019 (2019PLPEX) will feature an exhibition area for the work on the cooperation platform between China and the Portuguese-speaking countries, according to a decision approved in 2018, said the Macau Trade and Investment Promotion Institute.

Total Group now controls Anadarko Petroleum’s assets in Mozambique

30 September 2019

The sale of the assets of the Anadarko Petroleum group in the Area 1 block of the Rovuma basin, in Mozambique's Cabo Delgado province, by the Occidental Petroleum group to French group Total has been concluded, according to a statement from Mozambican Presidency released on Friday.

Mozambique awaits decisions from the new management of Tongaat Hullet sugar group

27 September 2019

South African sugar group Tongaat Hulett, which has two factories in Mozambique, has changed its management in an attempt to address the serious financial difficulties it is facing, according to a market statement released this week.

World Food Programme provides support of US$300 million to the agricultural sector in Mozambique

27 September 2019

The World Food Programme (WFP) will provide Mozambique's agricultural sector with the financing of US$300 million to improve the country's food and nutritional security, and a memorandum of understanding was signed on Friday in Maputo.

Portugal will move ahead with free movement even without unanimity of the Community of Portuguese-speaking Countries

26 September 2019

Portugal plans to move towards bilateral free movement agreements with States in the Community of Portuguese-Speaking Countries (CPLP) if there is no unanimity within the organization, the secretary-general of the Socialist Party (PS) and prime minister of Portugal said on Wednesday in Lisbon.

Mozambican government plans to create Special Economic Zone in former Textáfrica neighbourhood

25 September 2019

The neighbourhood of former cotton factory Soalpo, later called Textáfrica, in Chimoio, the provincial capital of Manica, will be transformed into a Special Economic Zone, the Mozambican Prime Minister announced during a meeting with former workers of the textile factory that has been at a standstill for over 20 years.

Forum Macau promotes agricultural cooperation with Portuguese-speaking countries in Jiangsu

25 September 2019

The promotion of agricultural cooperation between Jiangsu Province and the Portuguese-speaking countries was the focus of a study visit to that province by the Permanent Secretariat of Forum Macau, the institution said in a statement.

Gemfields profit falls due to lower quality of rubies extracted in Mozambique

25 September 2019

The lower quality of the rubies extracted at the Montepuez mine in northern Mozambique led to the Gemfields group's profit falling 22% to US$12.4 million in the first half of 2019, the group said in a market statement.

Cabo Verde’s net international reserves totalled 623 million euros on 30 August

25 September 2019

Cabo Verde's net international reserves amounted to 623 million euros, of which 68% in euros and 32% in dollars, as at 30 August 2019, the Bank of Cabo Verde (BCV) said in a statement issued on Tuesday in Praia.

Over 100 companies participate in the 1st edition of ExpoHotel Angola

25 September 2019

The 1st edition of ExpoHotel Angola, which will take place from 26 to 29 September, alongside the 1st Congress on Hotels and Tourism, in Luanda, will be attended by over 100 companies, said the organiser, the Angolan Association of Hotels and Resorts.

Chinese-owned company exports granite from Mozambique to Asia and Europe

24 September 2019

Chinese-owned company Huaxi Helin Mining, headquartered in Chimoio, central Mozambique, produces and exports around 1,000 tonnes of granite slabs to the Asian and European markets annually, broadcaster Rádio Moçambique reported.

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