27 November 2018
After years of delay and deliberation, Mozambique’s liquefied natural gas (LNG) industry finally looks set to take off. Consortia led by Anadarko and Eni are investing tens of billions of US dollars in liquefaction, while the involvement of China National Oil and Gas Exploration and Development Corporation (CNODC) and China National Petroleum Company (CNPC) highlights the fact that China will be one of the main customers.
30 October 2018
25 October 2018
The ambitious projects of Macao businessman David Chow Kam Fai in Cabo Verde are facing new hurdles in the form of an examination by its central bank. It may not grant him permission to open a new bank there. So Chow is exploring investment opportunities in Mozambique instead.
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.