In the foreign exchange market, the dollar gained ground against the major currencies. After the vice president of the European Central Bank (ECB), Luís de Guindos, argued that inflation is transitory, the euro slowed. The single currency continues to depreciate 0.262% to $1.142. Reiterating what the ECB has been saying about rising prices,...
The government, through the Minister of Public Works, Housing and Water Resources, today delivered 90 houses to families victims of cyclone Idai, in the district of Dondo, Sofala province. These are Type 1 houses financed by the European Union (EU), built under the Recovery Mechanism for Mozambique. According to Osvaldo Machatine,...
Australian oil and gas company, FAR, last Friday (12) began drilling an oil exploration well, named Bambo-1, in Block A2 off the coast of The Gambia. FAR, which halves its exploration share in the area with Malaysian company Petronas, said the vessel...
The Mozambique Rovuma Venture plans to study the possibility of launching a second platform for onshore natural gas liquefaction in northern Mozambique, according to the director of Galp, who was speaking about the baptism, today, of the first structure of its kind produced in South Korea. Thore Kristiansen said that the next phase of...
Australian energy company, Tlou Energy Ltd. has announced to investors that it intends to begin green hydrogen production at the Lesedi project in Botswana starting next year as part of its efforts to offer cleaner, greener energy production options. Tlou Energy Ltd. is working on the Lesedi project with the...
The President of the Republic, Filipe Nyusi, and his South Korean counterpart Moon Jae-in, participated in the christening of the South Coral Floating Platform bound for Mozambique, today, at the Samsung Heavy Industries Co. shipyard, in the port city of Geoje, on the southern coast of South Korea. The newly christened 432-meter long offshore floating infrastructure,...
The Center for Public Integrity (CIP) accuses the Italian oil company Eni of "tax evasion" in the Coral Sul project for liquefaction of Floating Natural Gas, and calculates that, from this project alone, Mozambique fails to collect about 40 million meticais, equivalent to 5.5% in Personal Income Tax, paid last year...
The Mozambican government is witnessing today the launch of the floating liquefied natural gas (LNG) platform in South Korea, an event that will mark the beginning of its displacement to Area 4 of the Rovuma Basin. Presided over by the President of the Republic, Filipe Nyusi, the ceremony will take place in the South Korean city of Goeje, where the President will also participate in the...
The President of the Republic, Filipe Nyusi, said last Friday, at the launch of the 2021-2022 Agricultural Campaign, in Vanduzi, Manica province, that the agricultural production for the 2020-2021 campaign doubled the expected target, by reaching 8.2% against the 4.1% initially expected. According to the Head of State, this growth results from the positive performance in almost all...
The government of Cabo Delgado expects to produce more than one million tons of various agricultural products in the 2021/2022 agricultural campaign. These are diverse products with greater emphasis on about 866 thousand tons of cereals, legumes, roots and tubers, and more than 160 thousand are income products, in this case, vegetables, sesame,...