The presidential candidate of the Renamo party, Ossufo Momade, has promised to renegotiate natural gas exploration contracts with some mega-projects. Ossufo Momade was speaking during a popular rally on another day of canvassing in the district of Lago, in Niassa province. "When we become president, we will renegotiate the mega-projects so that we can benefit...
Presidential candidate Venâncio Mondlane said in Inhambane that the revenues generated by the exploitation of natural resources should be used for local development, in order to motivate the population. Mondlane was speaking from Vilankulo International Airport at the start of his pre-campaign tour of the southern region of the country....
Small and medium-sized enterprises (SMEs) in the Zambezi Valley and the Nacala Corridor are to benefit from 15 million dollars in funding from the World Bank, as part of the economic connections project called Conecta Negócios. The project is coordinated by the Ministry of Economy and Finance and is to be implemented in the center and north of...
The Mozambican state and civil society say it is necessary to strengthen the work of human rights institutions in regions where there are natural resources. Where there are mega-projects for exploitation of natural resources, there are still reports of violations to the rights of communities. Civil society frequently denounces non-compliance with plans to...
The sector of Justice and Labor, in Tete, considers to be opportune the introduction of labor arbitration in the province, on a pilot basis, to mitigate possible labor conflicts in mega-projects. The dynamics undertaken by the business sector of the province in recent times due to the mega-projects of extraction of natural resources, is another indicator that favors the claim....
The Planning and Budget Committee of the Portuguese Parliament argued yesterday, Monday, that the sovereign wealth fund from mega-project revenues should be tailored to governance priorities, warning that the initiative is not a "magic wand". "The revenues from mega-projects should not be seen as a magic wand for solving structural problems...
The President of the Republic says it is essential to return the mega-projects to the district of Palma, in Cabo Delgado, because the situation of insecurity that forced the companies to suspend their activities has already been controlled. Meanwhile, political analysts say they note a greater effort by the Mozambican state to protect the gas, but not the people, who are...
The development that Mozambique expects from investment in gas projects in Cabo Delgado province is entirely dependent on an environment where sustainable and lasting peace reigns, the chief executive of Galp said on Tuesday in Maputo. According to Andy Brown, in a first instance this condition will help "people, who need security...
Data recently released by the Ministry of Economy and Finance (MEF), in the State Budget Execution Report (REO), from January to June 2021, indicate that the contribution of the Megaprojects to the treasury was 15.5 billion Meticais in the first semester of the current year, a growth of 57.9% compared to the same period in 2020, when the State pocketed 9.8 billion Meticais
The megaprojects installed in the country contributed 7.8 billion Meticais to the State's coffer from January to March, against 6 billion Meticais registered in the first quarter of 2020