Mozambique – Page 3

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.

Mozambican government pays 1/4 of debt to suppliers

5 March 2019

The Mozambican government has paid 24% of its debt to the country's private sector, with a total payment of 6.9 billion meticais (US$109.2 million) in 2018, Mozambican newspaper O País reported.

Mozambican economic growth slows to 3.3% in 2018

1 March 2019

Estimates of Mozambique's Gross Domestic Product point to economic growth of 3.3% in 2018, a drop of 0.47 percentage points compared with 2017, the National Statistics Institute (INE) said on Thursday.

South African companies interested in a textile factory in Mozambique

28 February 2019

South African companies linked to the textile sector have expressed interest in reactivating the factory of the former Textáfrica - Sociedade Têxtil de Vila Pery in Chimoio, said the governor of Mozambique's Manica province, Manuel Rodrigues.

Natural gas block partners in Mozambique secure sales of 9.5 million tonnes per year

27 February 2019

Mozambique LNG1 Company Pte. Ltd., the Rovuma Basin Area 1 sales partner, has already signed long-term contracts for the sale of 9.5 million tonnes of liquefied natural gas (LNG) per year, Indian company ONGC Videsh said in a market statement.

Anadarko Petroleum Group announces investment of US$176 million in Mozambique the first half of 2019

27 February 2019

US group Anadarko Petroleum intends to invest about US$176 million in the Rovuma basin's natural gas exploration project in northern Mozambique in the first half of this year and before the project's partners make a final investment decision, according to the annual report on 2018.

Mozambique’s state ports and railway company buys locomotives and wagons

26 February 2019

Mozambique's state-owned ports and railways company CFM recently invested US$37.5 million in own funds to increase rolling stock with the acquisition of five new locomotives and 300 platform wagons, a source at the company told Mozambican news agency AIM.

Mozambique studies the possibility of desalinating seawater to supply Maputo

22 February 2019

The Mozambican Minister of Public Works João Machatine said that the government is studying the possibility of desalinating seawater to supply of drinking water to the Greater Maputo area, Mozambican daily newspaper Notícias reported.

China will continue to increase investment in Mozambique, ICBC says

21 February 2019

The representative in Mozambique of the Industrial and Commercial Bank of China (ICBC), Sun Gang Pep, told the "Mozambique-China" workshop that China is interested in increasing investments in the areas of natural resources, namely oil and gas.

Rovuma gas from Mozambique to supply Indonesia

20 February 2019

The US-based Anadarko Petroleum Corporation announced on Tuesday that the Mozambique LNG1 Company Pte. Ltd., a sales company owned by the partners in Rovuma Basin Area 1, has signed another Purchase and Sale Agreement (CCV), this time with Pertamina of Indonesia.

Mozambican government closes company that built Maputo-Katembe bridge

20 February 2019

The Mozambican government has announced the termination of Maputo-Sul, a company that promoted and managed the construction of the Maputo-Katembe bridge, the roads connecting Maputo to the Ponta D'Ouro border, Boane to Bela Vista, and the Maputo ring road, the Mozambican state news agency AIM reported.

First export of gas from the Rovuma basin in 2022, ENI says

19 February 2019

Italian oil company ENI has announced that progress on the Rovuma basin project in Mozambique is on schedule and that the first gas export is due in the second half of 2022.

Public-private partnership in Mozambique in solar energy provides electricity to 2 million people

19 February 2019

The Mozambican government wants to provide access to electricity to around 2 million people through a public-private partnership to install solar panels in several districts of the country.

Government of Mozambique to launch public tender for management of Beira fishing port

18 February 2019

The Mozambican government plans to launch a public tender for the management of Beira's fishing port this year, according to Rádio Moçambique.

Government of Mozambique wants to end 2019 with a bank branch in each district

15 February 2019

The Mozambican government plans to reach the end of 2019 with a bank branch opened in all 154 districts of the country, the Council of Ministers spokesperson said in Maputo this week.

World Bank helps Mozambique reduce carbon emissions

15 February 2019

The World Bank has announced that it will grant up to US$50 million to Mozambique to help the country reduce carbon emissions and deforestation, according to a statement released this week in Washington.

Mozambique’s domestic public debt continues to rise, central bank says

14 February 2019

Mozambique's domestic public debt including Treasury Bills, Bonds and advances from the Bank of Mozambique reached 112.525 billion meticais (US$1.787 billion) at the end of January, the central bank said.

Economist Intelligence Unit says Mozambique is an “authoritarian regime”

14 February 2019

Mozambique is currently defined as an "authoritarian regime," with a rating of less than four out of ten possible points, according to the Democracy Index of the Economist Intelligence Unit.

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