Anadarko Petroleum makes huge investment in Mozambique despite market uncertainties.
These energy investors have committed US $25 billion into the development of a LNG facility off the coast of Mozambique. Anadarko Petroleum will finance the project with US $11 billion in equity and US $14 billion in debt.
… Read More
President Nyusi calls for speed in disbursing Reconstruction funds.
Mozambique President Filipe Nyusi has ask funding agencies to disburse promised fund for reconstruction work. Speaking during the international post-cyclone pledging conference held in Beira, President Filipe stressed the urgency of putting the promised financing to work.
According to the President … Read More
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Sasol company receive two license to explore gas in mozambique which will help expand its brand.
Gas exploration in Africa is key towards having a good infrastructure development. This is why Africa nations mostly East Africa is striving to use this medium to help develop the nation.
Mozambique has approve … Read More
Mozambican entrepreneur receives gold medal at the ongoing World Investment Forum 2018 in Geneva.
The World Investment Forum is a biennial programme that promotes investment for sustainable development. It also aids the facilitation of policy dialogue among a diverse community of investment stakeholders.
The award was given to Uneiza Ali … Read More
Mozambique’s Minister of State issue warning to Public Managers over project abandon by contractors.
Contractors on state project is refusing to complete it in Mozambique. This comment was air by the Minister of State Administration, Carmelita Namashalua. Meanwhile, According to the minister, the contractor has receive 100% of the money … Read More
Tanzania will benefit from US-led initiative to invest in gas plants in Africa.
US companies will invest US $175 bn in gas power projects in Tanzania and eight other African countries. Other countries include Kenya, Côte d’Ivoire, Ghana, Nigeria, Senegal, Angola, Mozambique and South Africa.
The countries were picked for … Read More
Mozambique secures loan for its moatize-macuse railway project which will also help the nation coal production sector.
Mozambique has secure a loan worth US2.7Billion from china for the construction of a 639 km-railway. Meanwhile it will transport coal from the mines of Moatize and Chitima in Tete. It will also … Read More
TODAY is Independence Day in Mozambique, celebrating its independence from Portugal on June 25, 1975.
After over four centuries of Portuguese rule, they gained independence in 1975, becoming the People’s Republic of Mozambique shortly thereafter.
Mozambique is a country in Southeast Africa. The official name of the country is the … Read More
Mozambique set to construct a gas refinery after reaching agreement.
The construction of the gas refinery is already in motion in mozambique. It is also currently undergoing a public tender stage for interested firm looking to undertake the project.
The National Hydrocarbon Company (ENH) is in charge of constructing the … Read More
Mozambique to commission Africa’s Longest Suspension Bridge in June 2018.
The commissioning of Africa’s longest suspension bridge will be on the 25th of June this year. The bridge is currently under construction in Mozambique. It’s commissioning date is also the same date as Mozambique independence in 1975.
The Maputo-Catembe … Read More
New Offshore hotel (StayEasy Maputo) opens in Mozambique.
Mozambique have officially opened the newest offshore hotel property known as StayEasy Maputo to the public. The Tsogo Sun Group’s, StayEasy Maputo hotel is located beside the shoreline of Mozambique’s capital Maputo. The hotel is only 9 km from the Maputo … Read More
Maputo ring road not complete due to financial issues.
The construction of the ring road is experience delay due to low funds to settle the resident. The fund is not enough to pay about 500 households in the outer Maputo neighbourhood of Luis Cabral. The part to be complete is … Read More
Property developer and investor Atterbury, focused to develop Africa.
Lack of opportunities in South Africa because of a low growth environment, has cause Atterbury to shift its focus to Mozambique and have currently completed the first phase of the US$20m Pemba Shopping mall in Mozambique’s port city of Pemba, … Read More
Magula water station inaugurated by President Filipe Nyusi.
The Magula water station which is located in the Lower Limpopo irrigation scheme was inaugurated by President Filipe Nyusi. The water station which has the capacity to pump 2.49 cubic metres of water a second is expected to produce 5,000 tonnes of … Read More
Yara international seeks more investors to partner in the construction of a gas plant in Mozambique.
Yara international which is a Norwegian fertilizer maker is to construct a gas plant in Mozambique. The project is geared towards having ammonia and urea from the country’s gas output that will produce up … Read More
China forgives part of Mozambique’s debt
During a ceremony in Maputo, where Mozambique’s Deputy Foreign Minister Nyeleti Mondlane and the Chinese ambassador, Su Jian, signed various economic and technical cooperation agreements, it was announced that the interest on Chinese loans that should have been paid by the end of this … Read More