Mozambique – Page 8

US federal bank provides loan for natural gas project in Mozambique

30 September 2019

The US Export and Import Bank has approved a US$5 billion loan to support the export of domestic goods and services for the various phases of construction and development of the integrated liquefied natural gas project on the Afungi Peninsula, northern Mozambique, the institution said in a statement.

2019PLPEX to showcase cooperation between China and the Portuguese-speaking countries

30 September 2019

The Exhibition of Products and Services of Portuguese-speaking Countries (Macau) 2019 (2019PLPEX) will feature an exhibition area for the work on the cooperation platform between China and the Portuguese-speaking countries, according to a decision approved in 2018, said the Macau Trade and Investment Promotion Institute.

Total Group now controls Anadarko Petroleum’s assets in Mozambique

30 September 2019

The sale of the assets of the Anadarko Petroleum group in the Area 1 block of the Rovuma basin, in Mozambique's Cabo Delgado province, by the Occidental Petroleum group to French group Total has been concluded, according to a statement from Mozambican Presidency released on Friday.

Mozambique awaits decisions from the new management of Tongaat Hullet sugar group

27 September 2019

South African sugar group Tongaat Hulett, which has two factories in Mozambique, has changed its management in an attempt to address the serious financial difficulties it is facing, according to a market statement released this week.

World Food Programme provides support of US$300 million to the agricultural sector in Mozambique

27 September 2019

The World Food Programme (WFP) will provide Mozambique's agricultural sector with the financing of US$300 million to improve the country's food and nutritional security, and a memorandum of understanding was signed on Friday in Maputo.

Portugal will move ahead with free movement even without unanimity of the Community of Portuguese-speaking Countries

26 September 2019

Portugal plans to move towards bilateral free movement agreements with States in the Community of Portuguese-Speaking Countries (CPLP) if there is no unanimity within the organization, the secretary-general of the Socialist Party (PS) and prime minister of Portugal said on Wednesday in Lisbon.

Mozambican government plans to create Special Economic Zone in former Textáfrica neighbourhood

25 September 2019

The neighbourhood of former cotton factory Soalpo, later called Textáfrica, in Chimoio, the provincial capital of Manica, will be transformed into a Special Economic Zone, the Mozambican Prime Minister announced during a meeting with former workers of the textile factory that has been at a standstill for over 20 years.

Forum Macau promotes agricultural cooperation with Portuguese-speaking countries in Jiangsu

25 September 2019

The promotion of agricultural cooperation between Jiangsu Province and the Portuguese-speaking countries was the focus of a study visit to that province by the Permanent Secretariat of Forum Macau, the institution said in a statement.

Gemfields profit falls due to lower quality of rubies extracted in Mozambique

25 September 2019

The lower quality of the rubies extracted at the Montepuez mine in northern Mozambique led to the Gemfields group's profit falling 22% to US$12.4 million in the first half of 2019, the group said in a market statement.

Cabo Verde’s net international reserves totalled 623 million euros on 30 August

25 September 2019

Cabo Verde's net international reserves amounted to 623 million euros, of which 68% in euros and 32% in dollars, as at 30 August 2019, the Bank of Cabo Verde (BCV) said in a statement issued on Tuesday in Praia.

Over 100 companies participate in the 1st edition of ExpoHotel Angola

25 September 2019

The 1st edition of ExpoHotel Angola, which will take place from 26 to 29 September, alongside the 1st Congress on Hotels and Tourism, in Luanda, will be attended by over 100 companies, said the organiser, the Angolan Association of Hotels and Resorts.

Chinese-owned company exports granite from Mozambique to Asia and Europe

24 September 2019

Chinese-owned company Huaxi Helin Mining, headquartered in Chimoio, central Mozambique, produces and exports around 1,000 tonnes of granite slabs to the Asian and European markets annually, broadcaster Rádio Moçambique reported.

Mozambique’s economic growth dependent on natural gas projects, EIU says

20 September 2019

The start of exploration of natural gas deposits in the Rovuma basin in 2023 will see Mozambique's economy growing at a rate of 7.5% that year, said the Economist Intelligence Unit (EIU) in its latest country report.

Construction of Temane-Maputo Line in Mozambique begins in June 2020

20 September 2019

Mozambican power company EdM is expected soon to announce the start of the selection process for the contractor that will build the Temane-Maputo power transmission line, said director Carlos Yun.

Dutch group hired for a natural gas project in Mozambique

20 September 2019

The Smit Lamnalco group has been hired to provide integrated maritime services for the installation of a floating liquefied natural gas unit in the Area 4 block of the Rovuma basin, northern Mozambique, the group said.

Vitol and ENH of Mozambique establish a partnership based in Singapore

19 September 2019

Vitol and the Mozambican state-owned oil and gas company ENH have formed ENH Energy Trading, a partnership focused on trading oil products, according to a statement issued on Wednesday.

China Road and Bridge Corporation builds a metal bridge in Mozambique

18 September 2019

The government of Mozambique will draw up a national bridge safety programme to ensure the longevity and weather resistance of the country's bridges, said the Minister of Public Works, Housing and Water Resources.

Mozambique hires consortium for Mphanda Nkuwa hydroelectric project

17 September 2019

A consortium made up of Synergy Consulting, Baker Mckenzie, Worley Parsons and HRA Advogados is the entity that will provide technical assistance to the Government of Mozambique for the Mphanda Nkuwa hydroelectric project, an official source said.

Mozambican government plans to resume IMF funding “as soon as possible”

13 September 2019

The Mozambican government will "do its utmost" to reach an agreement to resume financing from the International Monetary Fund (IMF) "as soon as possible," said the Minister of Industry and Trade on Thursday in Maputo.

“Good faith” creditors will be repaid by Mozambique

13 September 2019

The Mozambican government is respecting the decision of the Constitutional Council to cancel the undeclared debt of Mozambican tuna company Ematum, the Minister of Economy and Finance said on Wednesday in Maputo.

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