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,
Japan will donate USD18.5 million for the construction of a new electrical substation in Namialo, Meconta district, in Nampula province, northern Mozambique, the Japanese International Cooperation Agency (JICA) said in
Work to boost the capacity of the Sena Railroad in Mozambique from 6.5 million tons to 20 million tons of cargo per year are in the final stages, said the
The latest uncut Mozambican ruby auction carried out by British company Gemfields in Singapore raised USD43.3 million, the company said. In a statement, the company said the auction of rubies mined
The World Bank will support the Mozambican State Budget with funding of USD110 million to be invested in poverty reduction programs under an agreement signed Thursday in Maputo. The Minister of
The Mozal aluminium foundry is once again the largest company in Mozambique, a position it has held for more than a decade, according to the list of Mozambique’s 100 Largest
The World Bank approved a USD110 million loan to support the Mozambican State Budget and the country’s official plan to reduce poverty for 2014, the World Bank said in a
Mozambique is one of three countries that stand out for their growth in Africa, a continent that will become increasingly important in economic terms in the coming years, according to
The Auasse/Mocímboa, Praia/Palma and Macomia/Auasse roads in the province of Cabo Delgado, northern Mozambique, with a combined length of 225 kilometres, were inaugurated Tuesday by the country’s President, Armando Guebuza,
The National Statistics Institute of Mozambique (INE) is due in 2015 to begin the second Companies Census and preparatory work is currently underway, Mozambican newspaper Notícias reported. The newspaper added
Clemente acknowledged that agriculture, practiced mostly by small family farms, still has some weaknesses, characterized by weak links with markets and reduced use of agricultural inputs and modern technology. He said,
Mozambique’s minister of Industry and Trade, Armando Inroga, has given assurances that the government is speeding up the introduction and implementation of economic reforms in order to improve the country’s
An assembly plant of South Korean car brand Hyundai was inaugurated Thursday in the industrial zone of the city of Matola, near Maputo, as part of a Mozambican-South Korean partnership,
The government of Mozambique will sign eight new contracts for coal mining within two years, the Mozambican Minister of Mining Resources revealed Wednesday in Maputo. Minister Esperança Bias said that six
president Frank Legre. Speaking to financial news agency Bloomberg, Legre said routes include direct links between Maputo and Paris and between Paris and Port Gentil, one of Gabon’s oil centres. Air France
The production of raw cotton in Mozambique will increase to 200,000 tons in 2020, the national director of the Mozambique Cotton Institute (IAM) said recently in Namialo, Nampula province. Norberto Mahalambe
The China-Portuguese Speaking Countries Fund for Cooperation and Development has approved two projects in Angola and Mozambique valued at USD10 million each, said the Secretary-General of the Permanent Secretariat of
Norway plans to grant USD90 million to support construction of a power transmission line from Tete to Maputo in Mozambique. The Norwegian ambassador to Mozambique, Mette Masst told Mozambican daily
Mozambicans formed long lines outside polling stations to vote in elections that will test the durability of a peace deal signed last month to end almost two years of sporadic
To reach the Anantara Medjumbe Island Resort & Spa, which had just 12 villas, requires a 45-minute flight from Pemba International Airport, which has domestic links to Maputo, the capital
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