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“Financiamento dos EUA abre perspectivas para retoma do projecto GNL em Moçambique” – Fitch Ratings
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"US funding opens up prospects for resumption of LNG project in Mozambique" - Fitch Ratings

The approval of a 4.7 billion dollar loan for TotalEnergies' liquefied natural gas (LNG) venture in Mozambique, if confirmed, will improve the prospects for the resumption of the huge project, which could have multiple positive benefits for Mozambique in the medium term, says Fitch Ratings. According to a publication by the agency...

Há dois anos sem resposta, futuro da Kenmare em Moma nas mãos do Governo
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Two years without an answer, future of Kenmare in Moma in the hands of the government

The renewal of Irish mining company Kenmare Resources' contract for the exploitation of heavy sands in the district of Moma, Nampula province, still needs the government's opinion. The company has been waiting for an answer for more than two years, after submitting the renewal request in September 2022. The exploration contract ended in...

Sector privado pede isenção do IVA no óleo alimentar por um período de cinco anos
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Private sector asks for VAT exemption on cooking oil for five years

The Confederation of Economic Associations (CTA), the largest employers' organization in the country, is asking for a five-year exemption from Value Added Tax (VAT) in the cooking oil value chain in Mozambique to allow the incorporation of local production factors in 30%. According to the Mozambican business community, the measure could boost the production of...

Moçambique quer partilhar experiência da Namíbia na indústria extractiva
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Mozambique wants to share Namibia's experience in the extractive industry

Mozambique will work with the Namibian authorities to exchange experiences regarding legislation in the extractive industry sector, including the construction of infrastructure and access roads, agriculture and others. This was announced by the Mozambican statesman, Daniel Chapo, at a press conference held last Friday (21) in the Namibian capital, Windhoek,...

Governo vai remover protecção na indústria do cimento para reduzir preço
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Government to remove protection in the cement industry to reduce prices

The Ministry of Economy will remove the protection granted to the cement production industry in Mozambique in 20% to allow for greater competitiveness and, consequently, a reduction in prices. According to AIM, which carried the news, the protection in place was for some large investments that have taken place in the country in recent years, namely Dugongo...

Fundo ao Desenvolvimento Local orçado em mais de 1 bilião de Meticais
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Local Development Fund budgeted at over 1 billion Meticais

The Local Development Support Fund will be budgeted at more than one billion Meticais, of which around 60% will finance entrepreneurial initiatives led by young people. According to a report in "O País", the document has already been approved by the government and was discussed yesterday at a session of the Interministerial Committee to Support...

Défice de moeda estrangeira compromete importação de combustíveis
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Foreign currency deficit jeopardizes fuel imports

The deficit in foreign currency, especially the dollar, is compromising the import of fuel into the country, a scenario that has led to shortages at some of the country's fuel pumps. The information was provided by Hélder Chambisse, Chairman of the Board of Directors (PCA) of Petróleos de Moçambique, Petromoc in an interview with...