Altona Rare Earths announced this week (01.04) the discovery of a rare mineral called Gallium, of high quality and with concentrations of up to 232 g/t Ga, on Mount Muambe, in the district of Moatize, Tete province. The company points out that the mineral is strategic, and is seeing a rise in prices due to greater demand on the market...
ONGC Videsh Limited (OVL), the international arm of Oil and Natural Gas Corporation Limited (ONGC), the National Oil Company of India, approved, at the end of March, funding of 180 million dollars (Rs 1,500 crore) for a Liquefied Natural Gas exploration project, headed by the French multinational TotalEnergies. The amount will go towards...
The real estate project to build 5,748 houses aimed mainly at young Mozambicans is budgeted at around two billion meticais, the President of the Republic, Daniel Chapo, announced today in Maputo. Speaking at the launch ceremony for the "Phoenix" (Youth Housing) project, in the Costa do Sol neighborhood, where the project will be implemented,...
The city of Maputo will today witness the launch of a housing project to build just over 5,700 homes for young people. The event will be presided over by the President of the Republic, Daniel Chapo, in the Costa do Sol neighbourhood, where the plan will be implemented, on an area of around 24 hectares. The project includes...
The Triland project is working to boost tourism and make the region one of the most attractive in Africa for the sun and beach, nature-based and cultural tourism segments. The Triland project is a joint initiative between Mozambique, Eswatini and the South African province of Mpumalanga, launched in 2009 to promote a corridor...
Agriterra Ltd (AIM:AGTA), the AIM-listed African agricultural company, announced yesterday that its shareholders have approved the proposed disposal of its Mozambique Agricultural Business and the change of the company's name to "PACSCo Limited". The resolutions were passed at a General Meeting following a notice issued on March 10, 2025. A...
Mozambique Airlines (LAM) is suspending direct flights between the cities of Maputo, in Mozambique, and Cape Town, in South Africa, scheduled for April 8th. The company says that all passengers who have purchased tickets for later dates are being informed of the alternatives...
The President of the Republic, Daniel Chapo, is going to renegotiate the contracts of the megaprojects that exploit natural resources in the country, because 20 years have passed and the country is no longer the same. Daniel Chapo said that over the last 20 years Mozambique has undergone profound changes, including the interests, expectations and vision of its citizens with regard to the exploitation...
Mozambique and Botswana are analyzing the possibility of implementing a single tourism package so that visitors from different countries around the world have the opportunity to combine beach tourism in Mozambique with inland tourism in Botswana. The intention was shared after a bilateral meeting between the governments of the two countries,...
The insecurity in Cabo Delgado province, caused by recurrent terrorist attacks, is compromising the confidence of international investors and the socio-economic development of Mozambique, according to the Center for Democracy and Human Rights (CDD). According to the CDD, despite recent positive signals from oil giants such as TotalEnergies and ExxonMobil to move forward with their projects...