Mozambique – Page 4

China plans to cooperate more with Mozambique on building infrastructure

18 November 2019

China is ready to deepen its cooperation with Mozambique, particularly with regard to infrastructure construction, the Chinese ambassador to Mozambique said last week when he took part in the inauguration of a road rebuilt by a Chinese company.

Mozambique Area 4 Block to have final investment decision in April 2020

18 November 2019

US group ExxonMobil and other partners of the Area 4 block of the Rovuma basin, in northern Mozambique, have scheduled the approval of the final investment decision in that block for April 2020, Mozambican newspaper O País reported recently.

Mozambican president inaugurates road rebuilt by Chinese company

15 November 2019

National Road No 6, which connects the port city of Beira to the village of Machipanda, on the Mozambique-Zimbabwe border, was inaugurated on Thursday by the President of the Republic, after the contractor, China's Anhui Foreign Economic Construction (Group ) Co., Ltd completed the repair and expansion works.

IMF forecasts strong recovery of Mozambique’s economy in 2020

14 November 2019

Mozambique's economy is expected to see a strong recovery in 2020, coupled with a low inflation rate, according to projections from a mission of the International Monetary Fund (IMF), led by Ricardo Veloso, which was in Maputo from 6 to 12 November to assess the main indicators and the evolution of the country.

Chief Executive of Macau presents a review of government activity

13 November 2019

The Chief Executive of Macau said that 2019 marks the end of a ten-year governance phase for himself and his team, on Tuesday when he presented a review of government action for 2019 to the Legislative Assembly.

Premiums issued by Mozambican insurers fall in Q2

13 November 2019

Premiums issued by insurance companies operating in Mozambique amounted to 3.325 billion meticais (US$52.1 million) in the second quarter of 2019, a 30.26% drop from the amount recorded in the first quarter, the Insurance Supervision Institute said.

Absa Bank Moçambique opens first branch in Maputo with new branding

12 November 2019

Absa Bank Moçambique, formerly Barclays Bank Mozambique, opened its first branch in Maputo with the new branding and new colours on Monday, officially starting its banking operations under the new name.

Mozambique’s ENH seeks to raise US$1.5 billion

11 November 2019

Mozambique's state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH) is launching a set of investor presentations this week to raise US$1.5 billion to fund the company's share in the Area 1 natural gas project, in which it holds a 15% stake, said the chairman of the Mozambican state company.

Two Chinese companies bid to supply Mozambique with liquid fuels

11 November 2019

Addax Petroleum, of the Sinopec Group and Petrochina are the two Chinese companies out of ten that submitted bids for providing fuel to Mozambique for six months from 1 January 2020, said João Macandja, managing director of the Mozambican oil import company, Imopetro.

Government is defending Mozambique’s reputation, says Minister of Economy and Finance

11 November 2019

The repayment of Mozambican tuna company Ematum's debt is intended to restore Mozambique's good reputation as a country that meets its international obligations, said Mozambican Minister of Economy and Finance, Adriano Maleiane.

Macau and Shanghai have “great complementarity” in relations with Portuguese-speaking countries

7 November 2019

Shanghai City's trade with Portuguese-speaking countries reached US$10 billion in 2018, said the president of the Macau Institute for Trade and Investment Promotion (IPIM), according to whom that city and Macau show have “great complementarity” in this cooperation.

Total Group wants to increase liquefied natural gas production in Mozambique

7 November 2019

French group Total intends to increase the production of liquefied natural gas in the Area 1 block of the Rovuma basin, northern Mozambique, with the installation of two additional liquefaction modules, an official said in Cape Town, South Africa.

India was Mozambique’s main export destination in 2018

6 November 2019

In 2018 India was Mozambique's main export destination with a share of 27.32% or US$1.369 billion, according to the country's National Statistics Institute in its Statistical Yearbook for last year.

Mozambican government launches public tender for real estate project

6 November 2019

The Government of Mozambique within the next three months plans to launch a public tender for the construction of a real estate project of state-owned airport company Aeroportos de Moçambique, said the Minister of Transport and Communications, Carlos Mesquita.

Syrah Resources begins production of spherical graphite in the United States with ore mined in Mozambique

5 November 2019

Syrah Resources began production of purified spherical graphite at its battery anode component plant in Vidalia, Louisiana, United States, using ore mined in Balama, Mozambique, the Australian group said in a market statement.

Macau attends 2nd edition of China International Import Exhibition

5 November 2019

A delegation of over 100 businesspeople from Macau has travelled to Shanghai to attend the 2nd edition of the China International Import Exhibition, which will take place from 4 to 7 November, said the Macau Trade and Investment Promotion Institute (IPIM).

Blue partnership between China and Portuguese-speaking countries debated in Beijing

1 November 2019

A blue partnership between China and the Portuguese-speaking countries was under discussion on Thursday at the University of Economics and International Business (UIBE) in Beijing, in a meeting that brought together about 200 people, including experts, academics, diplomats and businesspeople.

Mozambique records increase in tourist numbers and tourist revenues

1 November 2019

Mozambique's tourism sector is experiencing gradual growth, with 2018 providing revenues of US$241.8 million, compared with US$196 million in 2015, Mozambique's Prime Minister said on Thursday in Maputo.

Mozambique’s domestic public debt grows by US$63 million in two and a half months

1 November 2019

Mozambique's domestic public debt contracted through Treasury Bills, Treasury Bonds and Bank of Mozambique advances has increased to 140.610 billion meticais (US$2.217 billion) since 14 August, the Bank of Mozambique said in a market statement on Thursday.

Mozambican government authorised to pay Mozambican tuna company debt

31 October 2019

The Government of Mozambique already has the authorisations and approvals required by law to repay the debt incurred by Mozambican tuna company Ematum through a US$850 million Eurobond issue, according to the Africa 21 news channel.

Mozambiquehub

Get our latest news