27 November 2019
Armed insurgents have again reached the vicinity of the site of the liquid natural gas project in the northern Mozambican province of Cabo Delgado, contradicting previous claims by the country’s Defence Ministry that counter-terrorist operations have been successful.
18 November 2019
Portuguese-speaking countries in Africa are “a hotspot for investor interest”, says Mateus Magala, Vice-president of the African Development Bank, “the time is now” to invest in these countries, because of economic reforms, a burgeoning middle class and regional diversity against the background of the new African Continental Free Trade Area.
11 November 2019
Six months on, Mozambique is still recovering from the double blow of cyclones Idai & Kenneth. Experiencing several huge cyclones since the turn of the millennium, these events are becoming more common due to climate change, with valuable lessons on climate resilience appearing to have been learnt.
06 November 2019
Current international trade disputes, most notably between the US and China, are slowing global growth. With the price of commodities also on a downturn, economy’s like Mozambique’s, heavily dependent on such efforts, are already taking a hit.
25 October 2019
As Mozambique’s president, Filipe Nyusi, appears set to secure his second and final term with a large majority of the votes, the fortunes of Celso Correia, a key aide and loyalist, are on the rise. A “young gun” in the ruling Frelimo party, Correia is also a savvy businessman and dealmaker.
17 October 2019
As LNG projects in the north of Mozambique progress, the government faces two major hurdles: financially, to find capital for its share of the investment needed to develop the Rovuma basin world-class natural gas reserves, which could top US$1 billion; militarily, to ensure safety in Cabo Delgado province from Islamist insurgents. In both instances, Russia has come to the rescue.
15 October 2019
Mining company Jinan Hi-Tech will help bolster China’s presence in Mozambique’s graphite extraction and processing after receiving authorisation from China’s National Development and Reform Commission to buy a 34.01% stake in Australia’s Triton Minerals.
26 September 2019
A new alliance agreement between Europe and Africa will level the playing field for them in African countries after complaints that Chinese official credit lines make them less competitive vis-a-vis Chinese counterparts in African countries.
19 September 2019
The governments of coastal states across Africa have complained about the impact of unregulated and unlicensed fishing on local fish populations. Fish stocks in other parts of the world have crashed and now many industrial scale vessels have moved into African waters.