Large flows of foreign investments have not been translated into a boom for the Mozambican economy. On the contrary, they have foreshadowed a sustained period of deep economic difficulty for the country. What is the story behind this phenomenon and what are its implications?
Read More
Double-digit increases in annual spending on new oil and gas projects in Africa are expected over the next 12 to 15 years, according to a bullish new report from financial services group PwC.
Read More
The electrification of the 152 district capitals of Mozambique was completed last Friday with the connection of Luabo, in the central province of Zambézia, to the national electricity grid, an official from state-owned Electricidade de Moçambique (EdM) reported.
Read More
Centre for Environmental Rights, Friends of the Earth Mozambique, groundWork and Save the Vaal Environment, among the concerned investors.
Read More
Former minister of Mines and Energy, Grain Malunga who is also a mining expert says “the local mining industry has the potential to surpass agriculture as the number one forex earner.
Read More
The Minister of Economy and Finance, Adriano Maleiane, on Monday tried to persuade the Plan and Budget Commission (CPO) of the Mozambican parliament, the Assembly of the Republic, that the country needs to return to the international capital markets to borrow a further two billion US dollars to cover the participation of the National Hydrocarbon Company (ENH), in the liquefied natural gas (LNG) projects in the Rovuma Basin, off the coast of the northern province…
Read More
Royal Dutch Shell (RDS.A, RDS.B) accuses Anadarko Petroleum (NYSE:APC) of holding it and Mozambique’s government hostage by refusing to supply enough domestic gas in the first phase of a giant liquefied natural gas project.
Read More
Mozambique is the largest exporter of natural gas in the Southern African region, and will consolidate this position when the vast offshore gas fields in the Rovuma Basin, off the coast in the northern province of Cabo Delgado, come on stream in 2020.
Read More
Sasol may now explore an area of over 3,000km² in southern Mozambique, and is also part of a successful bid to explore an area of 5,145km² further north in the Angoche Basin.
Read More
Mozambicans are gearing up to pay a new electricity tariff, whose amount is not yet known, but which is already being criticised by consumers.
Read More