The Confederation of Economic Associations of Mozambique (CTA) demands that the rules for the concession of Maputo city beaches to private operators be transparent and objective. For businesspeople, this is the only way the concession project will benefit everyone, namely the tourism sector, the business community itself and the population. "The private sector sees...
The Indian mining company Vulcan, which exploits coal in Moatize, in the province of Tete, central Mozambique, intends to invest one billion dollars over the next few years in the area of environmental sustainability, recycling of mining waste and its transformation, and renewable energies. The information was released last week after a meeting between...
US multinational ExxonMobil has reaffirmed its commitment to continue its efforts to develop its Liquefied Natural Gas (LNG) exploration project in Area 4 of the Rovuma basin, in Cabo Delgado province. The oil company's newly appointed CEO, Dan Amman, met with the President of the Republic, Daniel Chapo, and...
Confidential documents reveal that the project, led by oil company TotalEnergies, to explore for natural gas in the Rovuma basin, in Cabo Delgado province, will have harmful impacts on the environment and biodiversity. The Mozambique LNG project is valued at 20 billion US dollars. Despite the prospect of economic development for the country,...
Businesspeople from Japan are interested in exploring new business opportunities in Mozambique, including the marketing of agricultural products and processed foods in the country. The information was provided this Monday (17) by the president of the Mozambique Chamber of Commerce (CCM), Álvaro Massingue, during a visit by Japanese businesspeople to Maputo, noting that the...
The Industrial Association of Mozambique (AIMO) argues that megaprojects should boost the development of local industries and improve the lives of communities, as long as they operate in the country. The position was presented last Friday (14) at a meeting between AIMO and the Minister of Economy, during which the association asked for more access to funding....
A group of Ukrainian businesspeople has traveled to Mozambique to try to identify business opportunities and partnerships with Mozambican businesspeople in the areas of Agriculture, Energy, Information and Communication Technologies and Mining. The information was provided last Friday (14), in Maputo, by the member of the Natural Resources and Energy Department and the Mining sector at the...
US oil company ExxonMobil has announced that it has invested more than 20 million dollars in Mozambique since 2017 as part of its local content development strategy. According to a publication by Further Africa, which quotes the company's director of Public and Government Affairs in Mozambique, Armando Afonso, ExxonMobil plans to direct more investments in the economy...
The Korea Trade-Investment Promotion Agency (KOTRA), the commercial section of the Embassy of the Republic of Korea responsible for promoting trade and investment between South Korea and Mozambique, is promoting the participation of Mozambican companies in the 2025 KSCI - KOREA CONSUMER GOODS AND SERVICE INNOVATIVE FAIR. This initiative aims to create opportunities...
The British government wants to withdraw from the Rovuma basin natural gas project in Cabo Delgado province, confirmed TotalEnergies CEO Patrick Pouyanne. The issue is the volatile situation in Cabo Delgado caused by armed attacks. The news was first reported by the British daily Financial Times. Speaking...