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.
12 April 2018
Mozambique’s slow burning coal revolution has triggered a wave of rail and port projects across the northern half of the country. The presence of coal reserves in Tete Province had long been known but the lack of transport capacity prevented mining in the area until relatively recently.