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Mozambiquehub

Barclays Bank Moçambique is renamed Absa Bank Moçambique

25 October 2019
Barclays Bank Moçambique will change its name to Absa Bank Moçambique, from 11 November, the bank's managing director Rui Barros announced on Wednesday in Maputo.

Mozambique plans four dry docks for Manica province

24 October 2019
Manica province in central Mozambique may have four dry docks in the near future to help reduce congestion at the port of Beira in neighbouring Sofala province, the president of the Manica Provincial Business Council, Samuel Guisado, said recently in Chimoio.

Mozambique/Malawi transmission line goes to tender by March 2020

22 October 2019
The international tender for the construction of the power line between Mozambique and Malawi is due to be launched by March 2020, Mozambique's deputy minister of Mineral Resources and Energy said on Monday in Maputo.

Fastjet airline suspends operations in Mozambique

22 October 2019
Fastjet Mozambique will suspend domestic flight operations in Mozambique from midnight on Saturday, 26 October 2019, the airline said in a statement issued on Monday in Maputo.

Debt renegotiation may allow Mozambique to return to capital markets

21 October 2019
The acceptance of the proposal to restructure Mozambican tuna company Ematum's Eurobond issuance by holders could allow Mozambique to access the capital market once again and improve its relationship with some of its main creditors, according to the Economist Intelligence Unit.

Macau International Fair and PLPEX close with the signing of 85 protocols

21 October 2019
A total of 85 protocols were signed and more than 400 meetings were held at the 24th Macau International Fair (24th MIF) and the Portuguese-speaking Countries (Macau) Products and Services Exhibition 2019 (2019PLPEX) ), which closed on Saturday, 19 October, according to official information.

Syrah Resources announces a substantial reduction in graphite project workforce in Mozambique

21 October 2019
Mining group Syrah Resources plans to immediately reduce its workforce by about 30 percent at its graphite mine in the Balama district of Cabo Delgado province, northern Mozambique, the Australian group said in an update on its performance in the third quarter of 2019.

Macau wants to help Greater Bay companies enter foreign markets

18 October 2019
Macau will be able to serve the cities of the Guandong - Hong Kong - Macau Greater Bay by opening them to the outside and exploring markets in Portuguese-speaking countries, markets included in the Belt and Road initiative and international ones, the secretary for the Economy and Finance of the Macau Government said on Thursday.

Fura Gems concludes purchase of ruby prospecting license in Mozambique

18 October 2019
Mining group Fura Gems has concluded deal to buy a ruby prospecting license in the Montepuez district of Cabo Delgado province, northern Mozambique, which was initially announced in July 2018, according to a market announcement released in Toronto on Thursday.

China’s public companies are key in cooperation with Portuguese-speaking countries

17 October 2019
China's state-owned enterprises are a key force in economic and trade cooperation between China and the Portuguese-speaking countries and in the construction of the multilateral Cooperation Platform, the director-general of the Central Government Liaison Office said on Wednesday in Macau.

Italthai Engineering railway port project moves ahead in Mozambique

17 October 2019
The foundation stone for the construction of the housing village for people currently living in the future area of the port of Macuse was laid on Wednesday in Sopinho, Quelimane district, Zambezia province, according to Mozambican press reports.

Macau International Fair and Portuguese-speaking Countries Products and Services Exhibition kicks off on Thursday

16 October 2019
The 24th Macau International Fair (24th MIF) and the Portuguese-speaking Countries (Macau) 2019 (2019PLPEX) Products and Services Exhibition will coordinate and articulate with China's development policies, closely following new international investment trends, said the president of the Macau Trade and Investment Promotion Institute (IPIM).

Mozambican government to consider proposal to create Chimoio Special Economic Zone soon

16 October 2019
The proposal to create the Chimoio Special Economic Zone (ZEEC), in Manica province, central Mozambique, will soon be submitted to the Council of Ministers, said the national director of industry, Mateus Matusse, quoted by daily newspaper Notícias.

Italian group ENI wants to hire ships for oil exploration in Mozambique

15 October 2019
ENI East Africa - Mozambique Branch, a Mozambican subsidiary of Italian group ENI, plans to hire ships and waste management companies for oil and gas exploration operations in Area A5-A of the Angoche basin, northern Mozambique, according to an announcement published on Monday in the Mozambican press.

Macau is committed to promoting cooperation between China and the Portuguese-speaking countries

14 October 2019
Macau is committed to building the Trade Cooperation Services Platform between China and the Portuguese-speaking Countries, a task it was given by the central government, the Secretary for Economy and Finance said recently in Lisbon, Portugal.

Hydroelectric project office in Mozambique starts work

14 October 2019
The project off of Mpanda Nkuwa, a hydroelectric facility under construction on the Zambezi River in Mozambique to reinforce the amount of electricity being transported along the Tete-Maputo line, has officially started work, said the Deputy Minister of Mineral Resources and Energy, Augusto Fernando.

Mozambican products to continue to enter UK free of quota and customs duties

14 October 2019
Mozambican products exported to the United Kingdom will continue to receive preferential treatment, even with the country's departure from the European Union, under a recently signed agreement between the two countries in London.

Mozambican government changes criteria for awarding public works

11 October 2019
The technical capacity of competing companies is now crucial for the award of public works contracts in Mozambique as part of a strategy to ensure quality and keep to deadlines in project execution, the Minister of Public Works, Housing and Water Resources recently said.

JFT consortium builds onshore facilities for a natural gas project in Mozambique

10 October 2019
The JFT consortium will draw up the Engineering, Procurement and Construction (EPC) project for the first phase of the Rovuma LNG Liquefied Onshore Natural Gas facility under a contract signed on Tuesday in Maputo with Mozambique Rovuma Venture (MRV), the operator of the Area 4 block.

Portugal’s Mota-Engil Group awarded contracts in Angola and Mozambique

10 October 2019
Portuguese construction group Mota-Engil has strengthened its African portfolio by 250 million euros with the construction of a dam in Angola, a project awarded for 160 million euros and works at a mine in Moatize, Tete province, Mozambique, for 90 million euros, the group said in a market statement.
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