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Mozambiquehub

Government of Mozambique completes restructuring process of public companies

20 June 2019
The Mozambican Government in 2018 concluded the restructuring processes of eight public companies with accounts that were "in the red", with ta view to revitalising the State business sector, according to Mozambican news agency AIM.

Chinese group’s fishery and aquaculture project in Mozambique concluded this year

19 June 2019
The largest fishing and aquaculture project in Mozambique, led by China's Stonechen Commercial - Produtos de Pesca de Moma, valued at US$100 million, will be completed by the end of this year, according to the AIM news agency.

Government of Mozambique studies installation of a thermoelectric plant in Beluluane

19 June 2019
The Mozambican government is studying the installation of a gas-fired power plant with the capacity to generate 2,000 megawatts of power at the Beluluane Industrial Park in Maputo province, southern Mozambique, according to news agency AIM.

Investment agreement for liquefied natural gas project is signed in Mozambique

19 June 2019
The Mozambican government and Area 1 partners led by US multinational Anadarko signed an agreement in Maputo on Tuesday to invest in the Rovuma liquefied natural gas project in Cabo Delgado province, in the north of the country.

Mozambican ruby auction raises US$50 million in revenue

19 June 2019
Gemfields, a London-based mining company, announced on Tuesday that the auction held in Singapore, with rubies from the Montepuez district mine in the northern province of Cabo Delgado in Mozambique, generated revenue of US$50 million.

Ports of Mozambique expected to handle more than 50 million tonnes in 2019

18 June 2019
Mozambican ports are expected to handle more than 50 million tonnes of miscellaneous cargo by the end of the current year, thus exceeding the target set, Transport and Communications Minister Carlos Mesquita said.

Public subscription opens for sale of 2.5% of Cahora Bassa hydroelectric plant

18 June 2019
The subscription of the 2.5% Initial Public Offering (IPO) of the Cahora Bassa Hydroelectric Plant (HCB) in Mozambique of 680 million shares at 3 meticais each started on Monday and runs until 12 July, the company announced.

China donates 100 public transport buses to Mozambique

17 June 2019
The Chinese government has donated 100 new buses for urban passenger transport in Mozambique.

Anadarko announces investment plan for natural gas exploration in Mozambique

17 June 2019
US oil company Anadarko is due on Tuesday to formally announce its investment plan for exploration of natural gas in Mozambique.

Mozambique to build new Locumue dam in Niassa province

17 June 2019
The Mozambican Minister of Public Works, Housing and Water Resources, João Machatine, laid the foundation stone for the construction of the new Locumue dam in Niassa province in northern Mozambique.

Bank of Mozambique removes Gapi directors

17 June 2019
The Gapi Investment Company has no executive directors, after the Bank of Mozambique (BdM), on 4 June cancelled the special registration of the executive directors of the institution, António Souto and Anabela Mucavele, Mozambican news agency AIM reported.

Trade between China and Portuguese-speaking countries reaches US$46.254 billion from January to April

14 June 2019
Trade between China and the Portuguese-speaking countries increased 11.99% in the period from January to April 2019 to US$46.254 billion, according to official Chinese figures released by Forum Macau.

Mozambique expects a significant increase in cashew production within five years

13 June 2019
Mozambique plans to return to the cashew nut production levels it had in the 1970s over the next five years, said the national director of the National Cashew Institute (INCAJU).

Chinese investors spend US$700 million on building a cement factory in Mozambique

13 June 2019
Chinese investors will spend US$700 million to build a cement plant with a nominal capacity of 500,000 tonnes in Mozambique, with work expected to start in 2021, daily newspaper Correio da Manhã reported.

Schengen Agreement limits mobility in the Community of Portuguese Speaking Countries

13 June 2019
The future mobility scheme in the Community of Portuguese-Speaking Countries (CPLP) will be limited by short-stay visas because of the European Schengen agreement, which only exempts Brazil and Timor-Leste, said the Portuguese Minister of Foreign Affairs.

Cabo Verde’s PM expects mobility of people within the CPLP to be implemented this year

12 June 2019
The problem of mobility within the Community of Portuguese Speaking Countries (CPLP) could be solved later this year during Cabo Verde's presidency, said the Cape Verdean prime minister on Tuesday.

Mozambique’s economic growth outlook in 2019 is “not very encouraging”

11 June 2019
The outlook for economic growth in Mozambique in 2019 is "not very encouraging," said the president of the National Statistics Institute, noting that a slowdown in the country's gross domestic product (GDP) was observed between 2015 and 2018.

Italian group ENI plans to hire security services for Mozambique

11 June 2019
Italian group ENI intends to hire armed security services to protect the company and its workers in Mozambique, according to an announcement published in the local press.

CCS joint-venture signs contract for natural gas project in Mozambique

6 June 2019
CCS, a joint-venture between the McDermott, Saipem and Chiyoda groups, has signed a contract with the Anadarko Petroleum Corporation group to provide services in the Area 1 natural gas project in northern Mozambique, the McDermott group said.

State guarantee of Mozambican tuna company declared unconstitutional

5 June 2019
The State guarantee granted to the debt taken on by the Mozambican Tuna Company (Ematum) was declared unconstitutional by Mozambique's Constitutional Council, according to an official statement released on Tuesday in Maputo.
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