27 September 2018
The northern Mozambican district of Montepuez has one of the highest-grade graphite deposits in the world. These deposits are being explored. Next year three major projects will increase production, all with major exporting contracts to China. For the government, this will mean a new inflow of much needed royalty fees.
29 August 2018
Having recently finalized a deal to begin investment banking in Portugal, Bison Capital Financial Holdings of Hong Kong is also moving to Mozambique. It has reached a partnership deal with Geocapital, until now the bank´s biggest shareholder.
16 August 2018
The proposal for the construction of a railway line involving three southern African countries - Mozambique, Zambia, and Zimbabwe - with an estimated cost of US$ 2.5 billion at the outset was presented this year by China Tiesiju Civil Engineering Group authorities in Harare, local media reported.
14 August 2018
Creditors of US $ 727.5 million of Mozambique's public debt submitted a proposal to the country's government that provides for the payment of US $ 200 million by 2023 and the remainder after that date, as a result of tax revenues from the future exploitation of natural gas.
16 July 2018
93% of all of the timber taken in 2013 was illegally felled. Estimates vary, but it is clear that about half of the illicit timber ends up in China, with most of the rest shipped to Southeast Asia. China also accounted for 90% of Mozambique’s licit timber exports last year.
04 July 2018
28 May 2018
A private equity company, Frontier Services Group (FSG), founded and chaired by Erik Prince is to take a 50% stake in the venture. It seems likely that a high proportion of the fish caught will be exported to China, as Chinese state investment vehicle CITIC is now the biggest investor in FSG, with a 28.4% stake.