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Mozambiquehub

IMF’s pardon to Mozambique expected to be used to further support the economy

15 April 2020
The US$15 million pardon in Mozambique's debt servicing by the International Monetary Fund (IMF) will relieve the accounts of the Mozambican state and open up room to grant further support, said the president of the Confederation of Economic Associations.

Ncondezi Energy Group suspends construction of solar plant in Mozambique

15 April 2020
The development of a project for production and storage of solar energy in Mozambique for a commercial and industrial customer has been suspended due to the Covid-19 pandemic, Ncondezi Energy said in a market statement.

IMF pardons debt servicing of 25 countries, including three with Portuguese as an official language

14 April 2020
Guinea-Bissau, Mozambique and São Tomé and Príncipe are the three of Portuguese-speaking African countries included in the list of 25 nations to which the International Monetary Fund (IMF) has offered a pardon on debt servicing, according to a statement released on Monday in Washington.

Covid-19 postpones delivery of airport built by China in Mozambique

14 April 2020
Chongoene airport, to be built in Gaza province, southern Mozambique, by China Aviation International Construction and Investment Co Ltd , is expected to be completed six months later than planned due to the constraints imposed by the new coronavirus pandemic, said the provincial director of Transport and Communications.

Mozambique’s ENH takes on US$2.2 billion state-backed loan

14 April 2020
The sovereign guarantee of 136.1 billion meticais (about US$2.2 billion) entered in the State Budget for 2019 for Mozambican state oil and gas company ENH has already been used, said the minister of Economy and Finance of Mozambique.

Postponement of the decision to invest in Mozambique by ExxonMobil reduces FDI in 2020

14 April 2020
The postponement of the final investment decision for the Area 4 block, in the Rovuma basin, northern Mozambique, will have implications on the amount of foreign direct foreign investment (FDI) planned for the country this year, said the president of the National Oil Institute.

Companies in the Nacala Corridor, Mozambique, adopt single trading name

9 April 2020
The companies of the Nacala Corridor, in northern Mozambique, now use a single trading name, Nacala Logistics, which is the result of merging each of their brands, said the chairman of the Board of Directors of the companies of the Nacala Corridor.

ExxonMobil announces postponement of project in Mozambique

8 April 2020
The final investment decision for the Rovuma LNG natural gas project, in Mozambique, which was scheduled for this year, has been postponed, announced US group ExxonMobil, on announcing the measures to respond to the economic consequences of the Covid-19 pandemic.

Mozambique seeks partners to manage Maputo International Fair venue

8 April 2020
The Agency for Investment and Export Promotion (APIEX) of Mozambique is looking for national or foreign partners with ability to design, build and operate the venue for the Maputo International Fair, based on a public-private partnership, announced the institution.

Suspension of Mozambican ruby auctions will affect performance of Gemfields

8 April 2020
The financial performance of Gemfields may this year be significantly affected by the Covid-19 pandemic, which has led to the suspension of auctions of precious stones, which accounted for 93% of the company’s turnover in 2019, Gemfields’ chief executive Sean Gilbertson.

Covid-19 puts signs of economic recovery in Mozambique at risk

3 April 2020
The Covid-19 pandemic is expected to put the signs of economic recovery in Mozambique seen since the beginning of the year at risk, said Eaglestone Securities in its report on Mozambique for April 2020.

EU support to Mozambique dependent upon prior agreement with the IMF

3 April 2020
The representative of the European Union in Mozambique, António Sanchez-Benedito said necessary conditions to resume direct support for the country's State Budget are still lacking, daily newspaper O País reported.

Mozambique expected to increase fish catch in the 2020 campaign

3 April 2020
Mozambique is expected to catch more than 461,000 tonnes of fish in the current fishing, which compares with 410,000 tonnes in the previous campaign, and estimates point to the biggest contribution coming from artisanal fishing, the minister of the sea, inland waters and fisheries said in Maputo.

Government of Mozambique expects new oil and gas projects by 2024

3 April 2020
The second phase of the natural gas project in Pande and Temane and the light oil project in Inhassoro, in Inhambane province, southern Mozambique, will take place in the 2020-2024 five-year period, the Mozambican prime minister said on Thursday in Maputo.

Mozambique launches another international tender for the Temane-Maputo transmission line

2 April 2020
The process of selection of companies that will build the electrical substations included in the Temane-Maputo transmission line project, with an output of 400 Kilovolts, began formally on Wednesday, 1 April, Mozambican newspaper Notícias reported.

AfDB pays to asphalt road in northern Mozambique

2 April 2020
The African Development Bank (AfdB) plans to donate US$34 million to lay asphalt on the road between Nambungali and Roma in Mozambique, over a distance of 35 kilometres, under a document signed with the government of the country, the financial institution said.

Mozambique under state of emergency from 1 April

1 April 2020
Mozambique went into a state of emergency from 00:00 on 1 April for a period for 30 days, as decreed by the President of the Republic, Filipe Nyusi, given the spread and need to control the new coronavirus pandemic, which officially has infected eight people so far in Mozambique.

Mozambique looks for solutions to place cashews on the market

1 April 2020
Mozambique's National Cashew Institute (Incaju) is seeking alternative markets, including the domestic market, to overcome the issue caused by the Indian government, which increased the import tax on cashew nut imports from 45% to 70%, said an Incaju official.

Syrah Resources suspends graphite production in Balama, Mozambique

30 March 2020
The Syrah Resources group has temporarily suspended operations at its graphite mine in Balama, Cabo Delgado province, northern Mozambique, due to the Covid-19 pandemic, the Australian group said in a market statement.

Portuguese-speaking countries look to respond to Covid-19 pandemic

27 March 2020
The parliament of Timor-Leste on Thursday unanimously approved the declaration of a state of emergency in the country, which is expected to be in place for a month, from Saturday 28 March, a measure adopted in response to the Covid-19 pandemic.
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