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.
15 October 2019
Mining company Jinan Hi-Tech will help bolster China’s presence in Mozambique’s graphite extraction and processing after receiving authorisation from China’s National Development and Reform Commission to buy a 34.01% stake in Australia’s Triton Minerals.
26 September 2019
A new alliance agreement between Europe and Africa will level the playing field for them in African countries after complaints that Chinese official credit lines make them less competitive vis-a-vis Chinese counterparts in African countries.
19 September 2019
The governments of coastal states across Africa have complained about the impact of unregulated and unlicensed fishing on local fish populations. Fish stocks in other parts of the world have crashed and now many industrial scale vessels have moved into African waters.