Mozambique – Page 7

German company to produce identification documents in Mozambique

19 December 2018

The Mozambican subsidiary of German group Mühlbauer will start producing biometric civil identification documents in Mozambique as of February 2019, announced the Ministry of the Interior.

Ninety percent of construction companies in Mozambique are failing

18 December 2018

The vast majority of Mozambican construction companies will suffer losses in the 2018 tax year, said the president of the Mozambican Federation of Contractors.

Wentworth Resources gives up oil exploration in Mozambique

18 December 2018

Wentworth Resources will give up its 85% stake in the northern Mozambican Tembo block on 30 April 2019, the company said in a statement on Monday.

Trade between China and Portuguese-speaking countries exceeds US$108 billion from January to September

17 December 2018

The value of trade between China and the Portuguese-speaking countries reached US$108.928 billion from January to September, a year-on-year increase of 21.22%, according to official Chinese data released by Forum Macau.

Moza Banco acquires the entire capital of Banco Terra Moçambique

17 December 2018

Moza Banco has acquired the entire capital of Banco Terra Moçambique, "a purchase that will consolidate the financial and equity structure of the banking institution," according to the Chairman of the Board of Directors, João Figueiredo.

IMF representative predicts Mozambique’s economy will grow between 4.0% and 4.7% in 2019

17 December 2018

Mozambique's economy is expected to grow at between 4.0% and 4.7% in 2019, the International Monetary Fund's (IMF) resident representative in Mozambique said recently in Maputo.

Partners seek funding for gas exploration in the Area 1 block in Mozambique

14 December 2018

The process of securing funding from international banks for the project to explore natural gas deposits in the Rovuma Area 1 block in northern Mozambique has begun, the Mozambican minister of Mineral Resources and Energy announced in Maputo.

New Executive Secretary of the CPLP takes office on Saturday

14 December 2018

The new executive secretary of the Community of Portuguese Speaking Countries (CPLP), Portugal's Francisco Ribeiro Telles, is due to take office on Saturday in Lisbon, according to an official announcement.

Kibo Energy and Electricidade de Moçambique renew memorandum of understanding

13 December 2018

Kibo Energy, formerly Kibo Mining, has renewed and expanded the memorandum of understanding signed with Mozambican state-owned power company Electricidade de Moçambique (EdM) to finance and build the Benga project, the company said in a statement released on Wednesday.

Credit risk company Compuscan authorised to operate in Mozambique

13 December 2018

South African credit risk information company Compuscan has been authorised by the Bank of Mozambique to operate in the country, according to a statement released on Wednesday in Maputo.

Concession on the Cahora Bassa Hydroelectric Plant in Mozambique extended for another 15 years

12 December 2018

The concession contract for the Hidroeléctrica de Cahora Bassa (HCB) hydroelectric facility was extended for another 15 years under a government-approved decree on Tuesday, the spokeswoman for the Mozambican Council of Ministers announced.

Qatar Petroleum enters oil prospecting in Mozambique

11 December 2018

Qatar Petroleum has signed an agreement with US group Exxon Mobil to acquire a 10% stake in three maritime exploration blocks in Mozambique, the company said in a statement.

Government of Mozambique grants state guarantees to public companies

7 December 2018

The Mozambican state's business sector will have state guarantees to take on debt of up to 151.25 billion meticals (US$2.439 billion), according to the State Budget for 2019.

Anadarko Petroleum plans to contract insurance for operations in Mozambique

7 December 2018

Anadarko Mozambique Area 1, Lda. Intends to contract insurance for natural gas extraction operations in northern Mozambique, according to an announcement published in the print edition of Maputo daily newspaper Notícias.

Syrah Resources achieves graphite extraction target in Mozambique in 2018

4 December 2018

Syrah Resources is expected to reach the planned target of 101,000 - 106,000 kilogrammes of graphite concentrate by the end of the year, the Australian company said in a market filing.

Mozambique receives US$83.4 million in auction for mobile telecommunications frequencies

4 December 2018

The Mozambican government expects to collect US$83.4 million from the auction of frequencies for mobile telecommunications operators held in November, according to a recent official statement.

Trawlers from company in Shenzhen, China, fish in Mozambique

3 December 2018

The six trawlers of Chinese company Yu Yi Industry Co. returned last week to a port in Shenzhen carrying the first shipment of fish caught in Mozambique, according to the SeaFoodSource website.

Ethiopian Airlines launches regular domestic flights in Mozambique

3 December 2018

Ethiopian Mozambique Airlines has launched regular domestic flights in Mozambique under a strategy to operate in other African markets, the company's chief executive said on Saturday.

Fura Gems revises ruby asset purchase agreement in Mozambique

30 November 2018

The purchase price of ruby assets in Mozambique by Canada's Fura Gems from Australian companies Mustang Resources Ltd and Regius Resources Group Ltd has been reduced from 15 million to 7.8 million Australian dollars, the Canadian company said.

Angola to have mobile payment system in 2019

29 November 2018

The National Bank of Angola (BNA) intends to introduce payments through mobile telephony, and plans to put forward new legislation in 2019 to that effect, said BNA director Pedro de Castro e Silva in Luanda on Wednesday.

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