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Mozambiquehub

Indian group BPCL plans to build terminal to receive natural gas from Mozambique

30 August 2019
Indian state group Bharat Petroleum Corporation Limited (BPCL) is considering building a terminal to receive liquefied natural gas (LNG) at the port of Krishnapatnam in Andhra Pradesh state, the group said in a statement.

Mozambique signs financing agreements for Temane-Maputo power transmission line

29 August 2019
Financing contracts to the value of US$506.7 million for the Temane-Maputo electricity transmission project were signed on Wednesday in Maputo between the government of Mozambique and various foreign institutions, the Mozambican press reported.

Mozambique Tax Administration expects to collect US$12 billion in tax per year from natural gas projects

29 August 2019
The Mozambican Tax Administration (AT) expects to collect US$12 billion a year in tax from natural gas exploration projects in the Rovuma basin in the period from 2037 to 2045, an AT Maputo official said on Wednesday.

Bank of Mozambique bans banker from holding management positions in banking

29 August 2019
The chief executive of Banco Comercial e de Investimentos, Paulo de Sousa, has been barred from holding corporate positions and management functions in credit institutions and financial corporations for three years, the Bank of Mozambique announced on Wednesday.

Mozambique is well-placed to reap rewards from the Belt and Road initiative

28 August 2019
Mozambique's strategic location allows it to reap rewards by importing products from China and exporting goods from neighbouring landlocked countries, a panel from Eduardo Mondlane University said on Monday in Beijing.

Mozambican government invites more Ematum Eurobond holders to accept restructuring proposal

28 August 2019
The Mozambican government has invited more holders of Eurobonds issued by the Mozambican tuna company Ematum to accept the loan restructuring proposal agreed in May with 60% of lenders, according to an official statement.

Xinavane and Mafambisse sugar mills in Mozambique have interested investors

28 August 2019
The Mozambican government has secured alternative investors to South African group Tongaat Hulett to keep the Xinavane sugar unit in Maputo province and the Mafimbisse unit in Sofala operating, the minister of industry and trade said on Tuesday.

Chinese technicians in Mozambique repair the Save river bridge

27 August 2019
China Road and Bridge Construction (CRBC) group technicians will arrive in Mozambique in the next few days to boost construction work on the diversions that will make it possible for work to move ahead to repair the Save river bridge, according to official information.

Mozambican companies should focus on international certification of products and services, President says

27 August 2019
Mozambican companies should focus on certifying the quality of their products and services and ensuring the regularity and reliability of their supply, because only then can they compete in the international market, the President of Mozambique said on Monday.

Japan lends US$44 million to Mozambique for Maputo Power Station

26 August 2019
Japan has granted a US$44 million loan to Mozambique to make projects for the Maputo Thermoelectric Power Plant (CTM) viable. The agreement was signed on Friday in Maputo by the Minister of Foreign Affairs and Cooperation, José Pacheco, and the Japanese ambassador to Mozambique, Toshio Ikeda.

US bank wants to fund a natural gas project in Mozambique

26 August 2019
The US Export and Import Bank will notify Congress of a projected US$5 billion loan to support the export of goods and services for the development and construction of the liquefied natural gas project located in the Afungi peninsula in the Cabo Delgado province of northern Mozambique, according to a statement issued in Washington.

55th Maputo International Fair, Mozambique opens with 20 countries attending

26 August 2019
The Maputo International Fair, the largest trade fair in Mozambique, on Monday begins its 55th edition in Ricatla, in the Marracuene district of Maputo province, with the participation of 20 countries, as well as Macau.

Final Proposal on Local Content Law in Mozambique sees no private sector consensus

23 August 2019
The final proposal of Mozambique's Local Content Law, which aims to regulate the participation of Mozambican companies in large extractive industry projects, has been approved after five years of discussion between the government and the private sector, according to the daily newspaper O País.

New photovoltaic plant under consideration in Mozambique

23 August 2019
The environmental impact study of a 50-megawatt photovoltaic power plant to be built in Lichinga, the capital of Niassa province, northern Mozambique, will begin in September under a recently signed memorandum.

China Road and Bridge Corporation makes emergency repairs on Mozambique’s main road

21 August 2019
The China Road and Bridge Corporation (CRBC) has been hired to carry out emergency repairs on a 35-kilometre stretch of National Highway No. 1 (EN1) between Pambara and Mangungumete in Inhambane Province, southern Mozambique, at an estimated cost at US$5.9 million, the Mozambican press reported.

Mozambique joins African Export and Import Bank

21 August 2019
Mozambique will join the African Export and Import Bank (Afreximbank), according to a statement issued at the end of a Council of Ministers meeting held on Tuesday in Maputo.

Mozambican government compensates denouncers of illegal gem trade

20 August 2019
The Mozambican government will compensate people who denounce gemstone smuggling, with a view to ending that illegal trade, the Minister for Mineral Resources and Energy recently stated.

Mozambican port of Maputo awards maintenance dredging to Jan de Nul Dredging

20 August 2019
The Maputo Port Development Company (MPDC) has awarded to Belgium’s Jan de Nul Dredging the first maintenance dredging of the access channel to the port of Maputo, the company indicated in a statement released on Monday in Maputo.

Mozambican government to resolve late payments to national companies by end of year

20 August 2019
The payment of overdue debts to suppliers of goods and services will be completed this year, the spokesperson of Mozambique’s Ministry of the Economy and Finance, Rogério Nkomo, told the Mozambican daily O País.

Total group reaffirms commitment to natural gas project in Mozambique

19 August 2019
France’s Total group has guaranteed its commitment to the natural gas project in the Rovuma Basin, despite the level of insecurity in northern Mozambique’s Cabo Delgado province, indicates a statement released on Friday.
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