Mozambique – Page 4

Large projects contribute US$1.118 billion to Mozambique’s tax revenues in 2019

25 February 2020

Large extractive industry projects in Mozambique contributed 73.3 billion meticais (US$1.118 billion) to the country's tax revenue in 2019, five times higher than the amount recorded in 2018, according to the Budget Execution report.

Mozambican government intends to hire an advisor for oil company ENH

24 February 2020

Companies interested in providing financial advice to Mozambican state oil company Empresa Nacional de Hidrocarbonetos (ENH) should submit their proposals by Tuesday, according to a government statement.

Jan de Nul Group concludes maintenance dredging of the port of Maputo, Mozambique

21 February 2020

The Jan de Nul Group has completed the maintenance dredging of the port of Maputo which returned the port to the depth reached during dredging carried out in 2016, said the group in a statement released on Wednesday.

ALP Maritime Services hired to tow Coral Sul FLNG rig to Mozambique

20 February 2020

ALP Maritime Services has been hired by TIJV, a partnership between TechnipFMC and JGC, to provide five ships for the Coral Sul project, in the Area 4 block of the Rovuma basin, in northern Mozambique, the company said.

Mozambican economy expected to post growth of 2.2% in 2019

17 February 2020

Mozambique posted economic growth of 2.2% in 2019, which compares with an increase of 3.43% in 2018, said the country's National Statistics Institute.

Mozambican Commodity Exchange expects to trade 10,000 tonnes of products

14 February 2020

The Mozambican Commodities Exchange (BMM) expects this year to trade 10,000 tonnes of various products, the BMM president told Mozambican daily newspaper Notícias.

IFAD supports agriculture and fisheries in Mozambique

14 February 2020

The Bank of Mozambique and the International Fund for Agricultural Development (IFAD) signed two financing agreements totalling US$115.5 million for agriculture and fisheries in Rome, the Mozambican press reported.

Natural gas exports will lead Mozambique’s to grow at higher rates, EIU says

13 February 2020

The Mozambican economy is expected to grow at increasingly positive rates of between 4.2% in 2020 and 9.9% in 2024, the year in which the country may already be exporting liquefied natural gas (LNG), according to the latest report from the Economist Intelligence Unit (EIU) about the country.

Mozambique launches campaign to plant new cashew trees in Nampula province

13 February 2020

Mozambique's National Cashew Institute (Incaju) has launched a campaign for the distribution of more than 2 million seedlings in Nampula province, aiming to renew the country's largest area of cashew trees in the country, said the Incaju provincial delegate.

Port of Maputo in Mozambique sets a new record for cargo processing in 2019

12 February 2020

The cargo handled at the port of Maputo in 2019 reached 21 million tonnes, beating the record of 19.5 million tonnes registered in 2018, said the Maputo Port Development Company (MPDC).

Mozambique is recovering well from the damage caused by cyclones in 2019

12 February 2020

Mozambique is recovering well from the combined effect of cyclones Idai and Kenneth, which affected the country in 2019, said in Maputo, the deputy director-general of the International Monetary Fund (IMF), quoted by the Mozambican press.

IMF analyses future relations with Mozambique in Maputo

11 February 2020

A mission from the International Monetary Fund (IMF) headed by the deputy director-general Tao Zhang is in Maputo to analyse the current and future relationship with the government of Mozambique, reported the Mozambican press.

Government of Mozambique recovers illegally mined minerals

11 February 2020

The government of Mozambique in 2019 recovered mining products valued at 80 million meticais (US$1.3 million), which were mined illegally, the inspector-general of the Ministry of Mineral Resources and Energy said.

Nampula province, Mozambique, fails to achieve cotton production target in 2019

6 February 2020

Nampula province in Mozambique has failed to achieve its seed cotton production target of 25,000 tonnes in the 2019 season, and produced just 19,588 tonnes, said the head of the department for the promotion and production of cotton of the provincial delegation of Mozambique's Cotton Institute.

Japan will continue to support the development of Mozambique

6 February 2020

Japan will continue to support the development of Mozambique by financing projects focused on the economic growth of the country, said on Wednesday in Maputo the outgoing Japanese ambassador Toshio Ikeda.

Banco Fomento Angola increases its contribution to the result of Portugal’s Banco BPI

5 February 2020

The contribution of Banco de Fomento Angola (BFA) to the consolidated result of Portugal’s Banco BPI in 2019 totalled €78.9 million, an increase of 8.0% compared to the €73.2 million recorded in 2018, according to a statement issued by the Portuguese Securities Market Commission.

Entrepreneur from Mauritius proposes luxury resort in Mozambique

5 February 2020

Businessman Amédée Darga, from Mauritius, plans to transform the Crusse-Jamal and Matibane beaches in the Mozambican coastal district of Mossuril, Nampula province, into the best tourist destination in the northern region of Mozambique, he recently announced in a public session in Nacala.

Public investment in Mozambique has little effect on reducing the differences between urban and rural areas

5 February 2020

The public investment programme in Mozambique has had a limited effect on reducing disparities between rural and urban areas during the years of expansion of investments between 2008 and 2015, according to the Mozambique Economic Update Report from the World Bank.

Capital gains ensure tax revenue target in Mozambique in 2019

3 February 2020

The accounting of US$880 million in gains from the sale of the Anadarko Petroleum group's stake in the Area 1 block of the Rovuma basin allowed the target set for the collection of taxes by the Tax Authority (TA) of Mozambique was reached and even exceeded, said the spokesman for the institution.

Mozambique’s state port and rail company may lose control of the railway network

31 January 2020

The Institute of Land Transport (Inatter) of Mozambique could control the country's railway network pursuant to a proposal submitted during the previous government to the Ministry of State Administration and Civil Service, said the minister of Transport and Communications, Janfar Abdulai, at the end of a visit to Inatter.

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