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December 19, 2023
Mozambique: Hidroelectrica de Cahora Bassa Surpasses By 12% Its Annual Production Target
Hidroelectrica de Cahora Bassa (HCB), the company that operates the Cahora Bassa dam on the Zambezi River, in the western Mozambican province of Tete, has surpassed by 12 per cent… Read more »
December 17, 2023
Mozambique: Debts - Privinvest Presents Closing Arguments
Lawyers for Lebanese billionaire Iskandar Safa and his Privinvest group of companies on Friday at the High Court in London argued that Mozambique had conceived the idea of building… Read more »
November 07, 2023
Mozambique: ENI to Start Drilling Four More Wells in Cabo Delgado #AfricaClimateCrisis
The Italian Energy Company ENI, which is already exporting liquefied natural gas (LNG), from Area 4 of the Rovuma Basin, off the coast of the northern Mozambican province of Cabo… Read more »
Mozambique: - Authorities Seize 22 Guns From Security Company in Beira
The Mozambican Attorney General's Office (PGR) has ordered the seizure of 22 firearms belonging to the Chinese-owned private security company, Gigante Panda Segurança, based… Read more »
September 24, 2023
Mozambique: - Exxonmobil Remains Committed to Investing in Cabo Delgado
The US oil and gas giant ExxonMobil remains committed to investing in the natural gas fields in the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado. Read more »
September 12, 2023
Mozambique: Mozal to Increase Aluminium Production By 40,000 Tonnes
The aluminium smelter Mozal, on the outskirts of Maputo, intends to increase aluminium production by 40,000 tonnes in the current economic year, which started in June. Read more »
September 06, 2023
Mozambique: Building Contractors Accuse Government of Favoring Chinese Companies
According to the president of the Confederation, Bento Machaila, cited on Tuesday by French International Radio (RFI), there is a "cartel in the construction area', which creates… Read more »
Mozambique: Air Company Suspends All Operations
The air company Moçambique Expresso (Mex), which is a subsidiary of Mozambique Airlines (LAM), has decided, as of 31 August, to suspend all operations, involving domestic… Read more »
August 23, 2023
Mozambique: Quirimbas Reserve Launches Business Plan
The Quirimbas Biosphere Reserve, in the northern province of Cabo Delgado, has launched a new business plan focused on environmental conservation and sustainable development. The… Read more »
August 10, 2023
Mozambique: Get.Invest Injects U.S.$1.8 Billion Into Renewable Energy
The European Programme for Clean Energy Investments (GET.Invest) has approved 144 projects on renewable energy, budgeted at around US$1.8 billion, drawn up by private companies in… Read more »
August 05, 2023
Mozambique: Bank Returns to Palma Two Years After Militant Attack
Mozambican President Filipe Nyusi on Thursday inaugurated a branch of the Millennium-BIM bank in the town of Palma, in the northern province of Cabo Delgado, two years after a… Read more »
May 12, 2023
Mozambique: Power Utility Registers Net Profits of U.S.$81.8 Million
Mozambique's publicly owned electricity company, EDM, in the 2022 financial year recorded its highest ever net profits, of 5,220 million meticais (US$81.6 million). This compares… Read more »
May 04, 2023
Mozambique: Power Utility EDM Records Net Profits of 81.8 Million Dollars
Mozambique's publicly owned electricity company, EDM, in the 2022 financial year recorded its highest ever net profits, of 5,220 million meticais (about 81.6 million dollars, at… Read more »
April 28, 2023
Mozambique: To Build Condominium in Mangrove Area May Be Revoked
Mozambique's Ministry of Land and the Environment may revoke the environmental licence granted to the company Top Logistica to build a luxury condominium on a mangrove area in the… Read more »
April 18, 2023
Mozambique: New Management of Mozambique Airlines Takes Over
The international commission headed by the South African company "Fly Modern Ark', chosen by the Mozambican government to help revive Mozambique Airlines (LAM), is formally… Read more »
April 11, 2023
Mozambique: - 'Things Under Control', Claims Bank of Mozambique
The Bank of Mozambique (BM) has claimed that it is carrying out monitoring in order to understand the evolution of the international financial market, following the bankruptcy of… Read more »
March 31, 2023
Mozambique: Launches Virtual SIM Card
Mozambique's publicly owned telecommunications company, Tmcel, has launched onto the Mozambican market a virtual SIM card, reports Friday's issue of the independent newssheet,… Read more »
March 21, 2023
Mozambique: Exxonmobil Consortium Wants to Update Onshore Gas Project
The US oil and gas company ExxonMobil says that the consortium it heads, in Area Four of the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado, wants… Read more »
March 30, 2023
Mozambique: At Montepuez Ruby Mining Go On Strike
A group of workers at Montepuez Ruby Mining (MRM), in the northern Mozambican province of Cabo Delgado, went on strike on Tuesday, demanding a wage increase and better working… Read more »
March 07, 2023
Mozambique: Journalist Accused of Libelling Electricity Company
Mozambique's publicly owned electricity company, EDM, is suing Armindo Vilanculos, a journalist on the Kusinga community radio for alleged libel. Read more »
October 21, 2022
Mozambique: Mozambique Set to Become Regional Energy Hub
The director of Market Operations at Mozambique's utility company Electricidade de Mocambique (EDM), Luis Ganje, says that the government is mobilising investments to build new… Read more »
August 22, 2022
Mozambique: Tanker En Route to Pick Up First Mozambique LNG
The tanker British Mentor is on its way to the northern province of Cabo Delgado to pick up the first-ever supply of Liquefied Natural Gas (LNG) produced in Mozambique. Read more »
July 22, 2022
Mozambique: Hidden Debts - Credit Suisse Obliged to Compensate Ematum Bondholders
The bank Credit Suisse has admitted that much of the money supposedly intended to create a Mozambican tuna fishing fleet was in fact diverted into bribes and kickbacks and has… Read more »
June 29, 2022
Mozambique: British Cotton Company Pulling Out of Cabo Delgado
The British company Plexus, which had a commitment to purchase cotton from 50,000 peasant farmers in the northern Mozambican province of Cabo Delgado, has suddenly announced that… Read more »
May 17, 2022
Mozambique: Stema to Increase Grain Handling Capacity
The Matola Grain Silos and Terminal Company (STEMA), in Maputo province, plans to invest US$14 million in rehabilitating its equipment to increase its grain handling capacity. Read more »
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