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China
28 May 2021
New Chinese-Owned Cement Plant to Save Mozambique USD 54 Million in Imports
Mozambique's new Chinese-owned cement plant is expected to allow the country a reduction in imports of 360,000 tonnes per year, equivalent to USD 54 million.
Angola
13 May 2021
Sub-Saharan Africa Recovery Slowed by Weak State of Public Finances
The recovery of sub-Saharan African sovereigns from the pandemic shock last year is underway, but it is slowed by the weak state of public finances, Fitch Ratings says.
Mozambique
11 May 2021
Legal Update/ Mozambique: Amendments to the Investment Law
Decree No. 20/2021, of 13 April, which amends the Regulation of the Investment Law, raises the minimum investment amounts, according to legal database Legis-PALOP+TL.
Angola
04 May 2021
Sino-African Relations to Recover and ‘Remain Strong’
Sino-African relations will recover from the impact of the Covid-19 pandemic and 'remain strong' in the years ahead, with new areas of co-operation, according to the Economist Intelligence Unit (EIU).
Mozambique
27 April 2021
Comment: Total Pullback From Mozambique LNG Delays Exxon/CNPC Project
French energy group Total declared "force majeure" on its USD 20 billion liquefied natural gas (LNG) project in Mozambique.
Mozambique
20 April 2021
New Temane Gas Plant to Support Mozambique as ‘Regional Energy Hub’
Mozambique´s new Temane gas plant, part of a USD 760 million project with multinational Sasol, will support the country´s role as a 'regional energy hub', according to the Economist Intelligence Unit (EIU).
Angola
11 April 2021
IMF Improves Forecasts for Cabo Verde and Brazil, With High Ucertainty
Cabo Verde is expected to grow 5.8% this year, more than previously forecast and above the average for sub-Saharan Africa, according to the International Monetary Fund (IMF), which also improved its outlook for Brazil, while worsening for Portugal and Angola.
China
01 April 2021
Eni and Zhejiang Energy to Collaborate in Gas and LNG in China and Abroad
Eni and Zhejiang Energy are to enter a strategic cooperation agreement, to collaborate in gas and the LNG value chain in China and abroad.
Mozambique
30 March 2021
Insurgency Imperils Exxon/ CNPC Investment in Mozambique
The growing insurgency in Mozambique´s Cabo Delgado province will significantly delay the investment by the Exxon/Eni/ CNPC joint-venture in the country´s natural gas industry, with some analysts predicting it could be stopped altogether.
China
22 March 2021
Mozambique Granted USD 38 million Debt Pardon From China
Mozambique will have debts of 244.6 million yuan (US $ 38 million) forgiven by China, under an agreement between the two governments to support the fight against covid-19 in the African country.
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