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Mozambiquehub

Kenmare Resources exports record amount of minerals extracted in Mozambique in 2018

15 March 2019
Kenmare Resources reported the third consecutive year of record export of minerals extracted from the Moma heavy sand deposits in Nampula province, northern Mozambique, in 2018, the Irish company said.

Angola and Mozambique stand out in 2018 by number of construction projects

14 March 2019
Angola and Mozambique were the second and third countries in Southern Africa in 2018 with the highest number of construction projects worth US$50 million or more, according to consulting firm Deloitte.

Heineken Group opens brewery in Mozambique

13 March 2019
The President of Mozambique on Wednesday inaugurated the Heineken Mozambique brewery, involving an investment of US$100 million and construction of which began in December 2017, the Heineken group said in a statement.

Portugal participates in the Mozambique Lusophone Compact with guarantees for financing

13 March 2019
Portugal is taking part in Mozambique Lusophone Compact 400 million euros in guarantees to be matched by financing from the African Development Bank (AfDB) for development projects in the East African country, according to official information.

Qatar Petroleum acquires stake in offshore block in Mozambique

12 March 2019
The Qatar Petroleum group will acquire a 25.5% stake in the A5-A block in the Mozambican offshore under an agreement signed with Italian group ENI, according to a statement released in Milan.

Portugal, Mozambique and African Development Bank sign programme to support Mozambique

11 March 2019
A memorandum of understanding between Portugal, Mozambique and the African Development Bank establishing the Compact for Mozambique under the Compact Lusophone initiative is due to be signed on Tuesday in Maputo, according to an official statement.

EU funds development of two provinces of Mozambique

8 March 2019
Four financing agreements for Mozambique to promote trade, biodiversity, agro-business and transport were signed in Maputo on Thursday, according to the European Union delegation in Mozambique.

Bank of Mozambique raises reserve requirement ratio in foreign currency

7 March 2019
The reserve requirement ratio in foreign currency in Mozambique has increased by nine percentage points to 36%, with effect from 7 March, the Bank of Mozambique reported.

Government of Mozambique launches international public tender for Mphanda Nkuwa dam

6 March 2019
The Mozambican government has launched an international public tender to hire a consulting firm to support a strategy for the development of the Mphanda Nkuwa Hydroelectric Project, according to official information.

Solar power plant in Mocuba, Mozambique, starts operating this month

6 March 2019
The Mocuba solar plant in Zambezia province, central Mozambique, is due to go start operating by the end of this month, generating 40 megawatts (MW) of electricity, a source from the Ministry of Mineral Resources and Energy announced.

Capital of Niassa in Mozambique receives freight train once a week

6 March 2019
A train reserved for general cargo transport last Sunday travelled along the route between Cuamba and Lichinga, in Niassa province, northern Mozambique, said the commercial manager of the Northern Development Corridor.

Mozambique receives visit from IMF technical mission

6 March 2019
A technical mission from the International Monetary Fund (IMF) is due to arrive in the Mozambican capital next Friday, 8 March, for further consultations with the Mozambican government with the back drop of the country's so-called hidden debts, the multilateral institution said.

Government of Mozambique publishes leaflet explaining public debt

5 March 2019
The Mozambican government will continue negotiations for the conclusion of the so-called hidden debts process that has been ongoing since 2016, according to a leaflet posted on the Ministry of Economy and Finance website.

Mozambican government pays 1/4 of debt to suppliers

5 March 2019
The Mozambican government has paid 24% of its debt to the country's private sector, with a total payment of 6.9 billion meticais (US$109.2 million) in 2018, Mozambican newspaper O País reported.

Mozambican economic growth slows to 3.3% in 2018

1 March 2019
Estimates of Mozambique's Gross Domestic Product point to economic growth of 3.3% in 2018, a drop of 0.47 percentage points compared with 2017, the National Statistics Institute (INE) said on Thursday.

South African companies interested in a textile factory in Mozambique

28 February 2019
South African companies linked to the textile sector have expressed interest in reactivating the factory of the former Textáfrica - Sociedade Têxtil de Vila Pery in Chimoio, said the governor of Mozambique's Manica province, Manuel Rodrigues.

Natural gas block partners in Mozambique secure sales of 9.5 million tonnes per year

27 February 2019
Mozambique LNG1 Company Pte. Ltd., the Rovuma Basin Area 1 sales partner, has already signed long-term contracts for the sale of 9.5 million tonnes of liquefied natural gas (LNG) per year, Indian company ONGC Videsh said in a market statement.

Anadarko Petroleum Group announces investment of US$176 million in Mozambique the first half of 2019

27 February 2019
US group Anadarko Petroleum intends to invest about US$176 million in the Rovuma basin's natural gas exploration project in northern Mozambique in the first half of this year and before the project's partners make a final investment decision, according to the annual report on 2018.

Mozambique’s state ports and railway company buys locomotives and wagons

26 February 2019
Mozambique's state-owned ports and railways company CFM recently invested US$37.5 million in own funds to increase rolling stock with the acquisition of five new locomotives and 300 platform wagons, a source at the company told Mozambican news agency AIM.

Mozambique studies the possibility of desalinating seawater to supply Maputo

22 February 2019
The Mozambican Minister of Public Works João Machatine said that the government is studying the possibility of desalinating seawater to supply of drinking water to the Greater Maputo area, Mozambican daily newspaper Notícias reported.
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