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Mozambique
07 February 2019

Mozambique unlikely to repay US$2 billion to Credit Suisse and VTB Bank
The government of Mozambique, heavily in debt, is increasingly unlikely to repay a debt of US$2 billion to Credit Suisse contracted by a former Finance Minister who is being detained in South Africa.
10 January 2019

Mozambique looks for LNG financing despite market scepticism
In recent weeks, the government of Mozambique has been involved in intense negotiations with seven countries to secure funding for one of its largest natural gas projects and overcome scepticism about whether it will honour its debt commitments.
27 November 2018

Liquefied success for Maputo
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.
15 November 2018

Mozambique to invest US$290 million in Beira port
The government of Mozambique has approved additional investment of US$290 million in the port of Beira, to increase its cargo handling capacity.
13 November 2018

First steps on a long road for Maputo
The government of Mozambique has agreed a repayment plan with most of its creditors on its defaulted $727 million Eurobond and is also holding talks with the IMF over macro-economic reform.
30 October 2018

African fallout from Lava Jacto
The wide ranging corruption scandal tore the Brazilian political and business community asunder and its effects will be felt for many years to come. The fallout from the crisis has been felt in many other parts of the world, not least in the African Lusophone states.
25 October 2018

Cabo Verde projects of Macau’s David Chow face new hurdles
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.
17 October 2018

Giant Sino-Mozambican port project has new local partner
A giant Sino-Mozambican port project has a new local partner, the Muyaque Group, linked to one of the country’s most important families.
27 September 2018

Mozambique graphite set to power Chinese electronics in 2019
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.
18 September 2018

Timid return of international support for Mozambique
Among African countries, Mozambique was always considered an example of good governance by foreign donors. They supported the country by putting financial resources into its budget and many social programs.
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