Mozambique | IMF mission due to arrive this week

A mission from the International Monetary Fund (IMF) is due to arrive tomorrow in Maputo to assess what measures Mozambique should take to regain the confidence of both investors and

Mozambique complies with IMF recommendations

The Minister of Economy and Finance of Mozambique last week restated the government’s commitment to comply with the recommendations and the timetable set out by the International Monetary Fund (IMF)

Mozambique | Cabo Delgado contains 1 billion tons of graphite

Mozambique’s northern province of Cabo Delgado contains about 1 billion tons of graphite, according to information issued Monday in Pemba at the 1st International Conference on Value Chains of the

Mozambique purchase 200 buses from China’s Yutong

The government of Mozambique has bought 200 buses from Chinese company Yutong Bus Co. to improve the public transport network in the capital, Maputo and its outskirts, said the Permanent

Mozambique | US companies invest USD16 billion in decade

US private investment in Mozambique exceeded USD16 billion in the past decade, the deputy minister for Foreign Affairs, Nyeleti Mondlane said last week in Maputo, the Mozambican press reported. “So far,

Nyusi invites Indian entrepreneurs to invest in Mozambique

The President of Mozambique invited Indian businesspeople to invest in Mozambique, preferably through partnerships with local companies during the Mozambique/India Business Forum, Mozambican daily newspaper Notícias reported. Nyusi gave the businesspeople

Mozambique | Prices for sugar imports raised

Minister Ernesto Tonela said the benchmark price for the import of brown sugar would increase to USD806 per ton, compared to the current US$385, while the price of refined (white)

ADB supports job creation in Mozambique

The African Development Bank (ADB) has paid out USD7 million for employment promotion in Mozambique, the Mozambican Ministry of Labour, Employment and Social Solidarity said Tuesday in a statement. To use

Portuguese company builds dam in Mozambique

The dam on the river Nhandare, in Mozambique, a facility designed initially to supply water to the town of Gorongosa, in Sofala province, is due to start operating in October,

Mozambique | Int’l construction fair held in 2016

The 1st Mozambique International Construction Fair is due to take place in the first half of 2016 under an agreement signed Thursday in Maputo by the Portuguese Industrial Association Foundation

Mozambique | Special Economic Zone of Nacala receives new projects

The Office for Economic Areas with Accelerated Development (Gazeda) of Mozambique in 2014 reviewed and approved, through its Northern Regional Office, 27 new investment projects, Mozambican daily newspaper Notícias reported. The

Mozambique | New dams add 3,600 megawatts of power production

Power consumption in Mozambique is increasing by an average annual rate of 82 megawatts (about 14 percent), according to the Ministry of Planning and Development (MPD), and expansion of the

Mozambique plans to pave 2,100 kilometers of roads by 2019

The plan will entail asphalting an annual average of about 420 kms of roads, down by about 180 kms compared to last year, when 602 kms of national and regional

Mozambique’s flagship airline carries more passengers in 2014

Mozambican flagship airline Linhas Áereas de Moçambique (LAM) in 2014 recorded an increase of 10 percent in passenger numbers, during which the national flag transported 788,000 people, the airline’s spokesman

Mozambique | Port of Nacala processes record cargo in 2014

Langa said the port of Nacala, by processing over 2 million tons of cargo and 97,000 containers, reached a new high despite operating under limits due to the ongoing modernization

Mozambique | IMF recommends higher fiscal transparency

An International Monetary Fund (IMF) report recommends that Mozambique strengthen the implementation of reforms to improve its fiscal transparency, considering the macroeconomic challenges facing the country, particularly in the area

Mozambique could adopt Chinese model of Special Economic Zones

Mozambique has the necessary conditions to successfully adopt the Chinese model of Special Economic Zones, which helped to boost the Chinese economy, according to researchers Fernanda Ilhéu and Hao Zhang. In

China donates rice to flood victims in Mozambique

China has donated 10 tons of rice to victims of the floods that affected the provinces of central and northern Mozambique, the Deputy Director General of the National Institute of

Botswana wants to export coal via Mozambique

Noting that mining of coal deposits in the Mmambula region in southern Botswana depends on completion of the Trans-­Kalahari Railway, Charles Siwawa said mining companies operating locally expect to start

Mozambique | Triton Minerals project requires investment of USD110 million

After getting the first results of geological and economic evaluation of the deposit in Nicanda in the last quarter, Triton Minerals re-stated the “big potential” of the North Balama project,

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