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Royal Dutch Shell has accused Anadarko Petroleum of holding it and the Mozambican government hostage by refusing to supply enough domestic gas in the first phase of a giant liquefied natural gas project.  Anadarko of the US and Eni of Italy have discovered about 150tn cubic feet (4.5tn cubic metres) of gas in deep waters […]

The Maputo-Katembe Bridge, which connects the two banks of the bay of Mozambique’s capital, was inaugurated on Saturday after more than four years of construction and a cost over US$750 million, the Mozambican media reported. The construction of the bridge was awarded to the China Road and Bridge Corporation (CBRC) and was financed with loans […]

Mozambique’s economy grew by 3.4% year-on-year in the period from January to September, the Council of Ministers spokeswoman and deputy minister of Culture, Ana Comoana, said on Tuesday in Maputo. At the end of the meeting that examined the report on the implementation of the budget for the first three quarters of 2018, the spokeswoman […]

Syrah Resources will supply graphite extracted in Mozambique to China’s Qingdao Taida-Huarun New Energy Technology Co. Ltd. under a binding contract, the Australian company said in a statement released on Wednesday. The Syrah Resources statement announced that the agreement had entered into force immediately and stipulated for the supply of 20,000 tonnes of graphite to […]

Exports of sugar produced in Mozambique to Angola is one of the main issues due to be discussed by technical teams from both countries, said the Mozambican Minister of Foreign Affairs and Cooperation. José Pacheco, who did not elaborate on the model to be adopted, recalled that Mozambique has a sugar surplus and said that […]

The African Development Bank (AfDB) is available to finance the second phase of asphalting of the Mueda to Negomano road, a stretch of 95 kilometres, said bank official João Mabombo. The AfDB’s availability was expressed a few days ago in Pemba by a team from the bank that worked in Cabo Delgado, where it met […]

Angola’s Private Investment Support and Export Promotion Agency (AIPEX) since July has approved 42 investment proposals valued at more than US$400 million, according to state newspaper Jornal de Angola. The AIPEX director, Lello Francisco told the newspaper that the “most comprehensive” of the approved proposals is an agricultural project for corn and soybean production in […]

The port of Namibe could become a hub for logistics development in southern Angola after completion of the second phase of modernisation works in 2019, said the chairman of the port management company. The chairman of the Lobito Commercial Port, António Samuel, told Angolan news agency Angop that in the first phase of the project […]

The Mozambican government has approved the Integrated Electricity Infrastructure Master Plan valued at more than US$34 billion, of which US$18 billion is expected to be invested in electricity generation infrastructure. The plan also establishes that US$9 billion will be used to finance the construction of power transmission infrastructure, with Tete-Maputo as the main backbone of […]

Mozambique received US$193.1 million in foreign direct investment (FDI) in the first half of 2018, with Turkey, with more than US$70 million, leading the list of the 10 largest investors, according to official figures. Transport, communications, industry and construction were the areas that received Turkish investment in the first six months of 2018, and this […]

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