19 December 2019
Both of Mozambique’s giant onshore LNG projects have taken big steps towards development. One has completed its purchase of a large stake in Mozambique LNG, while the other project moves closer to its ambition of overseeing the commercial development of gas reserves in the Rovuma Basin.
13 December 2019
The Mozambican economy has continued to lose steam during the year, owing to the fall in commodities prices in international markets. Conflicts in the north also weigh heavily on business activity, bringing up inflation, an effect that is expected to carry into 2020.
28 November 2019
A new partnership agreement between China's Exim Bank and Attijariwafa Bank from Morocco, is set to align two key financial institutions in both countries in the common goal of boosting business ties and their economic presence in Africa.
27 November 2019
Armed insurgents have again reached the vicinity of the site of the liquid natural gas project in the northern Mozambican province of Cabo Delgado, contradicting previous claims by the country’s Defence Ministry that counter-terrorist operations have been successful.
18 November 2019
Portuguese-speaking countries in Africa are “a hotspot for investor interest”, says Mateus Magala, Vice-president of the African Development Bank, “the time is now” to invest in these countries, because of economic reforms, a burgeoning middle class and regional diversity against the background of the new African Continental Free Trade Area.
11 November 2019
Six months on, Mozambique is still recovering from the double blow of cyclones Idai & Kenneth. Experiencing several huge cyclones since the turn of the millennium, these events are becoming more common due to climate change, with valuable lessons on climate resilience appearing to have been learnt.
06 November 2019
Current international trade disputes, most notably between the US and China, are slowing global growth. With the price of commodities also on a downturn, economy’s like Mozambique’s, heavily dependent on such efforts, are already taking a hit.
17 October 2019
As LNG projects in the north of Mozambique progress, the government faces two major hurdles: financially, to find capital for its share of the investment needed to develop the Rovuma basin world-class natural gas reserves, which could top US$1 billion; militarily, to ensure safety in Cabo Delgado province from Islamist insurgents. In both instances, Russia has come to the rescue.