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24 July 2020
U.S. Export-Import Bank Vows to Take Over China in Africa
After approving its biggest loan yet in sub-Saharan Africa, for Mozambique´s Natural Gas projects, the Export-Import Bank of the U.S., plans to compete more aggressively with China on the continent, in sectors like energy and telecoms.
23 July 2020
Chinese Demand for Mozambican Precious Stones Surges
Chinese demand for Mozambican rubies and emeralds is surging, according to Montepuez Ruby Mining (MRM), the company operating the precious stones mine of Namanhumbir, Cabo Delgado province.
22 July 2020
Indonesia´s Buzi Hydrocarbons Suspends Natural Gas Exploration in Mozambique
Indonesian company Buzi Hydrocarbons (BH) has suspended drilling for natural gas n the Buzi block in central Mozambique, due to the new coronavirus.
21 July 2020
US and Japan Finance Total and Mitsui´s USD 20 Bi Mozambique LNG Project
Total and Mitsui have signed a USD 14.9 Bi senior debt financing agreement for Mozambique LNG, the country’s first onshore LNG development.
16 July 2020
India to Include Mozambique in its “Energy Silk Road”
Mozambique is set to be part of India´s International Solar Alliance' (ISA), a solar energy project for Africa that aims to compete with China´s Belt and Road strategy.
13 July 2020
Opening of Chinese-funded Chongoene airport in Mozambique Delayed
The new Chongoene airport, in Mozambique´s Gaza province, will be completed six months later than planned, due to the constraints imposed by the new COVID-19 virus, according to the authorities.
13 July 2020
India´s Videocon Chairman Charged With Corruption for Mozambique LNG Sale
India´s Central Bureau of Investigation (CBI) on Tuesday booked Videocon group Chairman Venugopal Dhoot for alleged corruption in the financing of their oil and gas assets in Mozambique.
08 July 2020
Angola and Mozambique Fiscally “Vulnerable” – Fitch Ratings
The global economic downturn has caught Angola and Mozambique very exposed and fiscally "vulnerable", according to Fitch Ratings.
06 July 2020
Total and Mitsui Complete 15.8 billion Financing for Mozambique LNG Project – Government
The Mozambique LNG project, headed by Total and Mitsui, has ensured financing worth USD 15.8 billion that was pending for the construction of infrastructure in the Mozambican province of Cabo Delgado.
06 July 2020
China´s Keda Industrial to build a ceramic factory in Mozambique
Chinese group Keda Industrial Co Ltd has received a loan from the International Finance Corporation, the World Bank's private sector body, which will be partially used to build a ceramic factory in Mozambique.