The Kenmare mining company, located in the district of Moma, Nampula province, is preparing a project to build a tailings retention dam, transfer channel and road detour for the Nataka heavy sands deposit. According to a report in the newspaper Notícias, the company is going to carry out the fourth...
The Ministry of Economy and Finance (MEF), through the Asset Management Office (GGA), today began auctioning off the first assets seized by the judicial authorities as part of the fight against crime. Among the assets put up for auction are vehicles, including a Mercedes Benz ML 350 and a BMW, a tractor, a caravan, generators...
Almost 80% of the 14 billion dollars needed for the liquefied natural gas megaproject in the province of Cabo Delegado has already been secured. The information was provided by the chairman of TotalEnergies, Patrick Pouyanné, quoted by the international press. Patrick Pouyanné, who is due to visit Maputo later this month, recognizes progress on the ground in...
Hollard Moçambique Companhia de Seguros (acquirer) will acquire the entire share capital (100% of shares) of Global Alliance Seguros (acquired), according to a statement issued by the Portuguese Competition Regulatory Authority (ARC). The two entities operate in the insurance sector, with the acquirer in general insurance and the acquired company in life and non-life insurance. THE ARC,...
Yesterday, the Council of Ministers approved, by decree, the terms for the concession of the infrastructure of the Pemba Port and Logistics Terminal, in the province of Cabo Delgado, northern Mozambique. The concession was granted by the government to Sociedade Comercial Pemba Bulk Terminal Limitada, set up by CD Proprieties and Portos de Cabo Delgado, SA. The...
Last week, during the 79th United Nations (UN) General Assembly in New York, the United Bank for Africa (UBA) presented sustainable solutions for the development of African economies, noting that the institution has been one of the main drivers of leverage in Africa. At a meeting where he was represented at the highest level by...
The Arbitral Tribunal of the International Court of Arbitration (ICC), based in Paris, France, has handed down its verdict in the arbitration case brought by the Mozambican state against the Indian giant Patel Engineering. Represented by the Mozambican Attorney General's Office (PGR), the state brought the case to counter another action it had...
The governments of Mozambique and Malawi recently concluded the consultation process under the Simplified Trade Regime (STR) Agreement, covering the borders of Zóbuè, Calómue, Mandimba and Melosa, with a view to facilitating cross-border trade and transportation between the two countries. In a publication in the newspaper Notícias, the director of Foreign Trade in...
The Municipal Council of Marracuene, in Maputo province, has ordered the calibration of fuel pumps to avoid anomalies in sales to consumers. According to a publication by Rádio Moçambique, a team made up of technicians from the municipality and the National Institute for Standardization and Quality identified some imbalances at three petrol stations in the municipal town....
Indonesian petrochemical company BUZI Hydrocarbonet, which is currently exploring for hydrocarbons in the Búzi block in Sofala province, central Mozambique, is interested in expanding its natural gas exploration and exploitation operations. In a publication in the newspaper Notícias, Rudêncio Morais, director of Research and Production at Empresa Nacional de Hidrocarbonetos (ENH, EP), revealed...