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Mozambiquehub

Mozambique’s budget deficit should be 8.9 percent of GDP in 2019

19 August 2019
Mozambique’s budget deficit in 2019 should stand at 8.9 percent of gross domestic product, a figure 80 points lower than that recorded in 2016, said the minister of Economy and Finance, Adriano Maleiane.

Mozambique-Malawi power interconnection carried out with German financial aid

16 August 2019
Germany will help finance the Mozambique-Malawi electricity interconnection project under an agreement to be signed on Friday between German bank KfW and the Mozambican government, represented by Electricidade de Moçambique (EDM), according to official information.

260,000 more families in Mozambique will have access to electricity

16 August 2019
The Mozambican government plans to launch a public tender for the purchase of electrical equipment and services to give 260,000 more households access to electricity in various parts of the country, said Mozambique's Minister of Mineral Resources and Energy.

Government of Mozambique grants sections of national roads under concession to private companies

15 August 2019
Portions of Mozambique's five national roads will be delivered under concession to private operators to ensure their permanent maintenance and improved safety, the country's National Road Administration (ANE) has announced.

Vale Moçambique lowers coal production forecast to 10 million tonnes

15 August 2019
Climate and operational factors have led to Vale Moçambique's coal production forecast for 2019 being lowered from 14 million to 10 million tonnes, the company's chairman said on Wednesday in Maputo.

Bank of Mozambique reduces MIMO Rate by 50 basis points to 12.75%

15 August 2019
The benchmark interest rate in Mozambique, known as the MIMO Rate, has been reduced by 50 basis points to 12.75%, according to a decision taken on Wednesday in Maputo by the Bank of Mozambique's Monetary Policy Commission.

China Energy Engineering Corporation group builds thermal power plant in Mozambique

14 August 2019
Somagec Mozambique, a subsidiary of the China Energy Engineering Corporation group, will build a coal-fired power station in Nacala-a-Velha district, Nampula province, Mozambican newspaper O País reported.

Mozambican president guarantees electricity for everyone by 2030

13 August 2019
The President of Mozambique has given assurances that all Mozambicans will have access to electricity within 10 years under the "Energy for All" programme, while he was speaking on Monday in Namialo, Meconta district, Nampula province.

Mozambique will have a solar plant in Cabo Delgado province

13 August 2019
Construction of the Metoro Solar Plant in Ancuabe district, Cabo Delgado province, in northern Mozambique, will begin before the end of 2019, the chairman of the board of state-owned Electricidade de Moçambique (EDM) has announced.

Trade between China and the Portuguese-speaking countries rises 1.17% in the first half of 2019

12 August 2019
The value of trade between China and the Portuguese-speaking countries grew marginally by 1.17% year-on-year from January to June 2019 to US$70.139 billion, according to official Chinese figures released by Forum Macau.

French group Total becomes operator of Rovuma basin Area 1 block in Mozambique

12 August 2019
Completion of the acquisition process of the Anadarko Petroleum Corporation group will lead to French group Total becoming the operator of the Area 1 block in the Rovuma basin, Mozambique, according to official statements.

Mozambican government prepares Urban and Local Development Project

9 August 2019
With support from the World Bank the Mozambican government is preparing an Urban and Local Development Project, estimated to cost US$110 million, the Ministry of State Administration and the Civil Service said in a statement.

Mozambique’s ENH secures funding for natural gas project in September

8 August 2019
A US$2.0 billion financing contract is due to be completed in September, the chairman of Mozambique's national oil company ENH, said on Wednesday in Maputo.

Mocuba Solar Power Station in Mozambique opens on 10 August

8 August 2019
The Mocuba Solar Power Station in Mozambique's Zambézia province will be formally inaugurated on Saturday, when it will start piping 40 megawatts of electricity into the national grid, state-owned Electricidade de Moçambique (EDM) said.

Mozambican economy to grow again in 2020 after 0.5% contraction this year

7 August 2019
Mozambique's economy is expected to contract by 0.5% this year and to return to growth in 2020 at the annual rate of 3.0%, according to the latest forecasts from the Economist Intelligence Unit.

Mozambique approves 180 investment projects in the first half of 2019

7 August 2019
The government of Mozambique in the first half of the year approved 180 investment projects to be implemented in the country's Special Economic Zones, said the director-general of the Agency for Investment and Export Promotion

Mozambique puts state company for medicine import and export up for sale

6 August 2019
The Mozambican State Equity Management Institute (Igepe) has put the state-owned medication import and export company Medimoc up for sale, according to an announcement late last week in Maputo.

Natural gas exploration in Mozambique brings in more state revenue

6 August 2019
The investments due to be made in the exploration of natural gas are a "giant step" towards raising more revenue for the state and boosting the national economy, said the President of Mozambique on Monday in Palma.

Mozambican president lays foundation stone for natural gas project in the Rovuma basin

5 August 2019
The President of Mozambique, Filipe Nyusi, on Monday in the district of Palma, Cabo Delgado province, in northern Mozambique, is due to lay the foundation stone of the Mozambique LNG-Liquefied Natural Gas Project of a consortium led by US multinational Anadarko, according to Mozambican state news agency AIM.

Mozambique to select a consultant for Mphanda Nkuwa dam project by the end of the year

5 August 2019
Mozambique will select the consulting firm that will provide services for the legal and financial structuring of the Mphanda Nkuwa Hydroelectric Project in Tete province by the end of this year, according to Portuguese news agency Lusa.
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