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Mozambiquehub

Suspension of Mozambican ruby auctions will affect performance of Gemfields

8 April 2020
The financial performance of Gemfields may this year be significantly affected by the Covid-19 pandemic, which has led to the suspension of auctions of precious stones, which accounted for 93% of the company’s turnover in 2019, Gemfields’ chief executive Sean Gilbertson.

Covid-19 puts signs of economic recovery in Mozambique at risk

3 April 2020
The Covid-19 pandemic is expected to put the signs of economic recovery in Mozambique seen since the beginning of the year at risk, said Eaglestone Securities in its report on Mozambique for April 2020.

EU support to Mozambique dependent upon prior agreement with the IMF

3 April 2020
The representative of the European Union in Mozambique, António Sanchez-Benedito said necessary conditions to resume direct support for the country's State Budget are still lacking, daily newspaper O País reported.

Mozambique expected to increase fish catch in the 2020 campaign

3 April 2020
Mozambique is expected to catch more than 461,000 tonnes of fish in the current fishing, which compares with 410,000 tonnes in the previous campaign, and estimates point to the biggest contribution coming from artisanal fishing, the minister of the sea, inland waters and fisheries said in Maputo.

Government of Mozambique expects new oil and gas projects by 2024

3 April 2020
The second phase of the natural gas project in Pande and Temane and the light oil project in Inhassoro, in Inhambane province, southern Mozambique, will take place in the 2020-2024 five-year period, the Mozambican prime minister said on Thursday in Maputo.

Mozambique launches another international tender for the Temane-Maputo transmission line

2 April 2020
The process of selection of companies that will build the electrical substations included in the Temane-Maputo transmission line project, with an output of 400 Kilovolts, began formally on Wednesday, 1 April, Mozambican newspaper Notícias reported.

AfDB pays to asphalt road in northern Mozambique

2 April 2020
The African Development Bank (AfdB) plans to donate US$34 million to lay asphalt on the road between Nambungali and Roma in Mozambique, over a distance of 35 kilometres, under a document signed with the government of the country, the financial institution said.

Mozambique under state of emergency from 1 April

1 April 2020
Mozambique went into a state of emergency from 00:00 on 1 April for a period for 30 days, as decreed by the President of the Republic, Filipe Nyusi, given the spread and need to control the new coronavirus pandemic, which officially has infected eight people so far in Mozambique.

Mozambique looks for solutions to place cashews on the market

1 April 2020
Mozambique's National Cashew Institute (Incaju) is seeking alternative markets, including the domestic market, to overcome the issue caused by the Indian government, which increased the import tax on cashew nut imports from 45% to 70%, said an Incaju official.

Syrah Resources suspends graphite production in Balama, Mozambique

30 March 2020
The Syrah Resources group has temporarily suspended operations at its graphite mine in Balama, Cabo Delgado province, northern Mozambique, due to the Covid-19 pandemic, the Australian group said in a market statement.

Portuguese-speaking countries look to respond to Covid-19 pandemic

27 March 2020
The parliament of Timor-Leste on Thursday unanimously approved the declaration of a state of emergency in the country, which is expected to be in place for a month, from Saturday 28 March, a measure adopted in response to the Covid-19 pandemic.

Facim 2020, in Mozambique, postponed due to Covid-19

26 March 2020
The 2020 edition of the Maputo International Fair (Facim) has been postponed until an as yet unnamed date, the spokesman of the Council of Ministers, Filimão Suazi said in Maputo on Tuesday.

Syrah Resources suspends work at factory in USA but keeps operating in Mozambique

25 March 2020
Syrah Resources has suspended work at its Vidalia factory, in the United States, following the “stay at home” order announced by the governor of Louisiana on 22 March, in order to reduce the spread of the new coronavirus, the company reported.

Vale group removes Brazilian workers from Mozambique

25 March 2020
Over 200 Brazilian workers of Vale Moçambique are due to leave the country on Wednesday night on a Ethiopian Airlines flight, which will take them to Belo Horizonte International Airport, in Confins, where it is due to arrive on Thursday morning, mining group Vale said.

ExxonMobil postpones final decision on investment in gas project in Mozambique

24 March 2020
The ExxonMobil group is expected to postpone approval of its natural gas project in the Rovuma basin, northern Mozambique, due to the effects of the new coronavirus and the current scenario on international markets, the Reuters news agency reported citing a variety of sources.

Mozambique asks for external support to combat the impact of Covid-19

24 March 2020
The government of Mozambique has asked for US$700 million from cooperation partners to help combat the negative impacts of the Covid-19 pandemic, said on Thursday in Maputo the Minister of Economy and Finance, Adriano Maleiane.

Guinea-Bissau and São Tomé and Principe have no known cases of Covid-19

23 March 2020
Guinea-Bissau and São Tomé and Príncipe seem to be the only Portuguese-speaking countries in which to date there have been no cases of Covid-19, according to the most recent data compiled by the Johns Hopkins University in the USA.

Bank of Mozambique to adopt additional measures to mitigate effects of Covid-19

23 March 2020
The Bank of Mozambique decided to introduce additional measures to enhance liquidity in foreign and national currency, including a credit line in the amount of US$500 million to mitigate the macroeconomic impacts of the new coronavirus, according to a statement released on Sunday in Maputo.

Port of Pemba, northern Mozambique, will be the base for oil exploration Area 5B

23 March 2020
The port city of Pemba, the capital of Cabo Delgado province, northern Mozambique, from 2021 will be the logistics base of the project to prospect for hydrocarbons in Area 5B, in the district of Angoche, Nampula province, conducted by ExxonMobil and partners, according to Impacto - Projectos e Estudos Ambientais.

Province of Tete, Mozambique, contains 700 million tons of iron ore and vanadium

20 March 2020
Tete province in central Mozambique has proven reserves of around 700 million tons of iron ore and vanadium in the Angónia-Marávia plateau, said the provincial director of Mineral Resources and Energy.
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