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Mozambiquehub

Absa Bank Moçambique opens first branch in Maputo with new branding

12 November 2019
Absa Bank Moçambique, formerly Barclays Bank Mozambique, opened its first branch in Maputo with the new branding and new colours on Monday, officially starting its banking operations under the new name.

Mozambique’s ENH seeks to raise US$1.5 billion

11 November 2019
Mozambique's state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH) is launching a set of investor presentations this week to raise US$1.5 billion to fund the company's share in the Area 1 natural gas project, in which it holds a 15% stake, said the chairman of the Mozambican state company.

Two Chinese companies bid to supply Mozambique with liquid fuels

11 November 2019
Addax Petroleum, of the Sinopec Group and Petrochina are the two Chinese companies out of ten that submitted bids for providing fuel to Mozambique for six months from 1 January 2020, said João Macandja, managing director of the Mozambican oil import company, Imopetro.

Government is defending Mozambique’s reputation, says Minister of Economy and Finance

11 November 2019
The repayment of Mozambican tuna company Ematum's debt is intended to restore Mozambique's good reputation as a country that meets its international obligations, said Mozambican Minister of Economy and Finance, Adriano Maleiane.

Macau and Shanghai have “great complementarity” in relations with Portuguese-speaking countries

7 November 2019
Shanghai City's trade with Portuguese-speaking countries reached US$10 billion in 2018, said the president of the Macau Institute for Trade and Investment Promotion (IPIM), according to whom that city and Macau show have “great complementarity” in this cooperation. 

Total Group wants to increase liquefied natural gas production in Mozambique

7 November 2019
French group Total intends to increase the production of liquefied natural gas in the Area 1 block of the Rovuma basin, northern Mozambique, with the installation of two additional liquefaction modules, an official said in Cape Town, South Africa.

India was Mozambique’s main export destination in 2018

6 November 2019
In 2018 India was Mozambique's main export destination with a share of 27.32% or US$1.369 billion, according to the country's National Statistics Institute in its Statistical Yearbook for last year.

Mozambican government launches public tender for real estate project

6 November 2019
The Government of Mozambique within the next three months plans to launch a public tender for the construction of a real estate project of state-owned airport company Aeroportos de Moçambique, said the Minister of Transport and Communications, Carlos Mesquita.

Syrah Resources begins production of spherical graphite in the United States with ore mined in Mozambique

5 November 2019
Syrah Resources began production of purified spherical graphite at its battery anode component plant in Vidalia, Louisiana, United States, using ore mined in Balama, Mozambique, the Australian group said in a market statement.

Macau attends 2nd edition of China International Import Exhibition

5 November 2019
A delegation of over 100 businesspeople from Macau has travelled to Shanghai to attend the 2nd edition of the China International Import Exhibition, which will take place from 4 to 7 November, said the Macau Trade and Investment Promotion Institute (IPIM).

Blue partnership between China and Portuguese-speaking countries debated in Beijing

1 November 2019
A blue partnership between China and the Portuguese-speaking countries was under discussion on Thursday at the University of Economics and International Business (UIBE) in Beijing, in a meeting that brought together about 200 people, including experts, academics, diplomats and businesspeople.

Mozambique records increase in tourist numbers and tourist revenues

1 November 2019
Mozambique's tourism sector is experiencing gradual growth, with 2018 providing revenues of US$241.8 million, compared with US$196 million in 2015, Mozambique's Prime Minister said on Thursday in Maputo.

Mozambique’s domestic public debt grows by US$63 million in two and a half months

1 November 2019
Mozambique's domestic public debt contracted through Treasury Bills, Treasury Bonds and Bank of Mozambique advances has increased to 140.610 billion meticais (US$2.217 billion) since 14 August, the Bank of Mozambique said in a market statement on Thursday.

Mozambican government authorised to pay Mozambican tuna company debt

31 October 2019
The Government of Mozambique already has the authorisations and approvals required by law to repay the debt incurred by Mozambican tuna company Ematum through a US$850 million Eurobond issue, according to the Africa 21 news channel.

Government of India freezes additional investments in Area 1 block in Mozambique

30 October 2019
The Government of India is reviewing investments by state-owned group Bharat Petroleum Corp Ltd (BPCL) in a natural gas block in Mozambique and is withholding authorisation for new capital investments, the Press Trust of India (PTI) news agency reported.

Trade between China and Portuguese-speaking countries exceeds US$96 billion from January to August

30 October 2019
The value of trade between China and the Portuguese-speaking countries grew by 2.31% year-on-year to US$96.984 billion between January and August 2019, according to official Chinese figures released by Forum Macau.

Cimentos de Moçambique sells 10,000 tonnes of cement to natural gas projects

30 October 2019
Cement company Cimentos de Moçambique has sold more than 10,000 tonnes of cement to build the initial structures for natural gas exploration projects in the Rovuma basin, in Mozambique's Cabo Delgado province, said the company's managing director, Edney Vieira.

Chinese loan finances recovery of Mozambican fishing port

29 October 2019
Dock one of the fishing port of Beira in the Mozambican central province of Sofala, a project financed by a US$120 million loan from China, was inaugurated on Monday by Mozambican President Filipe Nyusi, local media reported.

Bank of Mozambique sanctions financial institutions for irregularities

29 October 2019
The Bank of Mozambique has imposed sanctions on 20 financial institutions operating in the country for violations of the Anti-Money Laundering and Anti-Terrorist Financing Act, and of Credit Institutions and Financial Corporations, according to a statement released on Monday.

Nampula province expected to account for half of Mozambique’s cashew production

28 October 2019
Nampula province plans to produce 73,000 tonnes of cashew nuts during the 2019/2020 agricultural campaign that begins on Monday in Mozambique, thereby maintaining its status as the largest national producer, said the provincial delegate of the National Cashew Institute on Sunday in the city of Nampula.
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