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Mozambique
06 August 2020

Ncondezi Energy Moves Ahead With Coal Project in Mozambique With China´s CMEC
Ncondezi Energy Limited has submitted to Mozambique´s electricity utility, EDM, the Transmission Integration Study for its Ncondezi 300MW coal-fired power project and coal mine in Tete province, in which it partners with China Machinery Engineering Corporation (CMEC).
28 July 2020

Business Environment Improvement “Critical” for Economic Recovery in Southern Africa
The COVID-19 pandemic in Southern Africa could lead to a fall of 4.9% in economic output in the region in 2020, and an improvement in business environment will be critical for the recovery, according to the African Development Bank (ADB).
28 July 2020

Jack Ma Foundation Shortlists 50 “African Business Heroes” out of 22.000 Applications
The Jack Ma Foundation has selected 50 finalists, from over 22,000 applications across all 54 African nations, for it´s 2020 Africa’s Business Heroes prize of USD 1.5 million.
27 July 2020

Mozambique Secures Future as a “Globally Significant Energy Supplier” – EIU
The financing of about USD 15.8 bn for the Area 1 liquefied natural gas (LNG) project in Mozambique secures the country´s future as a globally significant energy supplier, according to the Economist Intelligence Unit (EIU).
24 July 2020

U.S. Export-Import Bank Vows to Take Over China in Africa
After approving its biggest loan yet in sub-Saharan Africa, for Mozambique´s Natural Gas projects, the Export-Import Bank of the U.S., plans to compete more aggressively with China on the continent, in sectors like energy and telecoms.
23 July 2020

Chinese Demand for Mozambican Precious Stones Surges
Chinese demand for Mozambican rubies and emeralds is surging, according to Montepuez Ruby Mining (MRM), the company operating the precious stones mine of Namanhumbir, Cabo Delgado province.
22 July 2020

Indonesia´s Buzi Hydrocarbons Suspends Natural Gas Exploration in Mozambique
Indonesian company Buzi Hydrocarbons (BH) has suspended drilling for natural gas n the Buzi block in central Mozambique, due to the new coronavirus.
21 July 2020

US and Japan Finance Total and Mitsui´s USD 20 Bi Mozambique LNG Project
Total and Mitsui have signed a USD 14.9 Bi senior debt financing agreement for Mozambique LNG, the country’s first onshore LNG development.
16 July 2020

India to Include Mozambique in its “Energy Silk Road”
Mozambique is set to be part of India´s International Solar Alliance' (ISA), a solar energy project for Africa that aims to compete with China´s Belt and Road strategy.
13 July 2020

Opening of Chinese-funded Chongoene airport in Mozambique Delayed
The new Chongoene airport, in Mozambique´s Gaza province, will be completed six months later than planned, due to the constraints imposed by the new COVID-19 virus, according to the authorities.
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