Karingani Game Reserve recently paid a visit to the Massingir district, in the southern province of Gaza. The purpose of the event was to introduce the new investors in the Karingani Project and the new national management team. The meeting was a step towards fostering closer relations with the government authorities as well as providing...
Category: Markets
Shell, Total and Chevron want to negotiate Galp's oil project in Namibia
Shell, Total and Chevron are interested in buying the shares that Galp is offering in its 80% stake in the Mopane oil project off the coast of Namibia, reports the Financial Times (FT). According to the newspaper, the amount of oil discovered in Namibia "is...
Mozambican graphite exported to Indonesia
The Balama graphite mine, in Cabo Delgado province, made its debut this year in exporting this ore to an Indonesian battery manufacturer, which bought 10,000 tons, announced the Australian mining company Syrah, quoted by the newspaper Notícias. According to information released to the markets by Syrah, which owns the mine, this was the "first...
Galp to sell half stake in Namibian oil well
Portugal's Galp is to put up for sale 40% of its stake in the exploration block off Namibia, where it recently made a major oil discovery. According to the international press, the information was provided by anonymous sources who were not authorized to speak to the media. Galp holds a stake of 80% and...
Maragra sugar mill resumes sugar cane production with support from competitor
The Maragra sugar factory has resumed production of sugar cane after a year's halt. For the time being, the first productions will be processed at its sugar competitor in Xinavane. The Maragra sugar mill, in the Manhiça district of Maputo province, suspended its activities following the destruction of machinery due to the rains that caused...
Mozambique Chamber of Commerce advocates more investment in the processing industry
Last Thursday (18) in Nampula, in the north of the country, the President of the Mozambican Chamber of Commerce called on the business sector and various partners to become more dynamic in promoting production and the micro, small and medium processing industry in order to meet the challenges of development. Speaking during the Business Forum, organized...
WB and ADB want to bring energy to 300 million people by 2030
The World Bank (WB) and the African Development Bank (AfDB) have signed a partnership with the aim of providing access to electricity to more than 300 million people in Africa by 2030. The WB will be responsible for bringing energy to 250 million people through renewable energy systems or the grid...
Ninety percent of the seed circulating in the country is believed to be fake - study
Around 90% of the seed circulating in the country is thought to be fake and of dubious provenance. This is the conclusion of a study carried out by the Association for the Promotion of the Seed Sector in partnership with the Food and Agriculture Organization of the United Nations (FAO). The document, quoted by Rádio Moçambique,...
Mphanda Nkuwa seeks funding in the US
The Director of the Mpanda Nkuwa Hydroelectric Project, Carlos Yum, revealed that he has shared the project's progress with the World Bank (WB) and the International Monetary Fund (IMF) in order to seek funding. Quoted by Notícias, Yum said that the state's participation in the project should be seen in the long term, with the prospect of...
Maputo municipality sets 30-day deadline for licensing works without a building permit
Over the next 30 days, the Maputo City Council expects to license around 500 illegally built or irregular construction projects in all the municipal districts of the country's capital. To this end, CMCM launched yesterday (18) a campaign for the mass regularization of illegal or irregular construction work up to the fourth floor, with...