British International Investment partners with Access Bank Plc to extend $60 million trade finance facility
British International Investment partners with Access Bank Plc extended $60 million to ensure availability of key commodities across import-dependent economies and critical inputs for manufacturing goods, medicine, commodities, construction, food and agriculture across five African countries.
To support the growth of the avocado industry in Africa, Asia, South America, and Europe, IFC, HSBC Bank, and Standard Bank announced an investment in Westfalia Fruit International Limited to help the company expand sustainable avocado production at its existing facilities and explore opportunities in new markets.
Wazima Health, Africa’s Integrated e-Health Telemedicine and Health management UK company, AXESS Networks, and COMITAS e-Health, a Spanish Telemedicine Service Provider, hereby announce their joint partnership.
While overall transactions dropped by eight percent in sub-Saharan Africa in 2020, in Mozambique, the number of transactions rose, with 12 deals reported compared to only four deals in 2019, according to a Baker McKenzie analysis.
Mozambique is well-positioned to take advantage of this market boom, with mining operations already expanding across Cabo Delgado, Gaza, Manica, Maputo, Nampula, Niassa, Tete and Zambezia.
[Column] C. Derek Campbell: Stakeholders engagement and security will be key to ensure success of Mozambique’s LNG projects
The scale and enormous economic potential of Mozambique’s LNG projects constitutes a seminal effort with national, regional and global implications and visibility.
It has been almost exactly ten years since Anadarko drilled the well that would give Mozambique its first major gas find in over sixty years of mostly disappointing oil and gas exploration.
For bond investors, Africa was a happy hunting ground last year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust of three years ago.
Raxio continues pan-African expansion by developing Angola’s first carrier-neutral Tier III data centre
Raxio Group (Raxio), a premier pan-African data centre developer and operator, announced that it is investing and establishing ‘Raxio Angola’, the first state-of-the-art, carrier neutral, Tier III data centre in the country.
Mozambique receives US$300 million from the World Bank to promote inclusive and sustainable economic recovery
The World Bank Board of Directors approved today a US$300 million grant in support of the Mozambique Institutions and Economic Transformation Development Policy Financing (DPF) operation.
Italian energy major Eni has announced first gas to the Coral-Sul Floating Liquefied Natural Gas (FLNG) facility from the Coral South Field located in Area 4 of the Rovuma Basin offshore Mozambique.
Eni announced that the Coral South Project has safely achieved the introduction of hydrocarbons to the Coral Sul Floating Liquefied Natural Gas (FLNG) plant from the Coral South reservoir offshore Mozambique.
African Development Bank VP Mateus Magala appointed Minister of Transport and Communication in Mozambique
Dr. Mateus Magala, Vice President for Human Resources and Corporate Services at the African Development Bank, has been appointed Minister of Transport and Communication of the Republic of Mozambique.
MIGA has issued guarantees to Azura CTRG Holdings of Mauritius (Azura) to cover up to $149.85 million for equity into and loans to Central Termica de Ressano Garcia (CTRG) for a period of approximately 13 years.
Naspers, through its early-stage tech investment vehicle Naspers Foundry, announced a R40 million ($2.5 million) investment in Nile, an agritech company that connects farmers to buyers of fresh produce.
Mukuru and WorldRemit announced a deepening of their existing partnership, with the aim to expand their collaboration for cash remittances into Zambia, South Africa, Mozambique, Malawi and Botswana.
The World Bank approved a $104 million grant from the International Development Association (IDA) in support of skills development programs for Mozambican youth.
Brazilian investors have expressed interest in Mozambique’s agribusiness, given the agro-ecological potential and the promising opportunities that the country offers in this sector.
Every five years the World Bank takes stock of Mozambique’s development progress and challenges via a Systematic Country Diagnostic (SCD) which informs the institution’s five-year lending and advisory program called Country Partnership Framework.
The World Bank approved a $100 million grant from the International Development Association (IDA) in support of Maputo Urban Transformation Project.
A new joint investment between Norfund and Zebu Investment Partners aims to strengthen the food value chain in Mozambique, catalyzing the creation of more jobs and increasing food security in the country.
Saipem has been awarded a contract by Coral FLNG, Special Purpose Entity incorporated in Mozambique by Area 4 Partners, for maintenance services of the floating facility Coral Sul FLNG for liquefied natural gas offshore Mozambique.
RASME is a partnership of the African Development Bank and the World Bank's Geo-Enabling initiative for Monitoring and Supervision and KoBoToolbox teams.
Six African countries will soon benefit from a grant from the Transitional Support Facility (TSF) of the African Development Fund, through a project designed to strengthen national capacity for governing natural resource outflows in Africa.
TMCEL selected Ericsson to upgrade its existing mobile money service, mKesh, by implementing Ericsson Wallet Platform and the solution is now live.
Eni and the Ministry of Agriculture and Rural Development of the Republic of Mozambique (MADER) signed an agreement for the cooperation and development of agricultural projects in Mozambique, aimed at producing oil seeds and vegetable oils.
While analysing the threat landscape of African countries, Kaspersky experts saw a steady decline in attacks on mobile devices in the region, as cybercriminals consolidated their efforts to focus on more complicated, dangerous and profitable threats instead.
The scheme aims to transform smallholder irrigated agriculture into a productive and lucrative activity in the province, and countrywide.
The largest mangrove reforestation project in Africa has been launched by Mozambique’s Ministry of Sea, Inland Waters and Fisheries (MIMAIP) in partnership with Blue Forest, a UAE-based mangrove reforestation specialist.
Amdocs announced that it has partnered with Vodacom Group (Vodacom), a leading African connectivity, digital and financial services company, to create an African Center of Excellence (COE).
MultiChoice has further expanded its hyperlocal offering with the launch of two new TV channels – Maningue Magic and Kwenda Magic – for audiences in Mozambique and Angola respectively.
[Mozambique] AfDB approves $47.09 million grant for construction of special agro-industrial processing zone
The grant, from the African Development Fund, will help improve agricultural productivity and agribusiness development in the Niassa province by advancing institutional capacity, skills, and entrepreneurship to spur agricultural value chain growth.
The Closing of the transaction is subject to the satisfaction of customary conditions precedent, including the approval of the Ministry of Mineral Resources and Energy of Mozambique.
Norway commits $5m to increase incomes, build resilience of small aquaculture farmers in Kenya, Mozambique and Tanzania
The Norwegian Agency of Development Cooperation (NORAD) has committed $5 million to increase the incomes and build the resilience of small aquaculture farmers in Kenya, Mozambique and Tanzania.
Eni, as the Delegated Operator and on behalf of its Area 4 Partners, held the naming and sail away ceremony of the Coral-Sul FLNG, the first floating LNG facility ever to be deployed in the deep waters of the African continent.
The African Development Bank Group has approved a grant of $1.5 million to Mozambique to boost the development of local content.
Launched more than 14 years ago in Kenya, M-Pesa is today available in Kenya, Tanzania, Mozambique, DRC, Lesotho, Ghana and Egypt.
The UK-based social impact investor has closed a $3 million debt investment in Quinta da Bela Vista Limitada (QBV), an irrigated banana estate located in the Boane area in Mozambique.
IFC has appointed Carlos A.T. Katsuya as its new Senior Manager for Angola, Botswana, Mozambique and Zambia. In this role, he will lead IFC's work across the four countries to strengthen the private sector.
AfDB scoping study identifies opportunities for private sector participation in Africa’s climate agenda
A recently published African Development Bank scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation.
Nedbank Mozambique S.A. has joined IFC's Global Trade Finance Program (GTFP) to boost a vital economic engine of growth that has been strained by the COVID-19 pandemic.
Food safety has taken a step forward in Mozambique as IITA signed a Technology Transfer and Licensing Agreement (TTLA) with AflaLivre Moçambique S.A. (AflaLivre) to manufacture and distribute Aflasafe in the country.
AfDB and Italian Technical Cooperation Fund extend €990,000 grant to boost agricultural value chains in Mozambique
The project will enable the businesses to better tap into national and regional markets and capitalize on the opportunities created by the African Continental Free Trade Area.
Globeleq, Africa’s independent power producer, announced it officially broke ground on the pioneering 19MWp solar and 7MWh storage power project at Cuamba in northern Mozambique.
The African Development Bank Group has approved a $1 million grant to boost local content and development of Small and Medium-Size Enterprise (SME) initiatives in the southern African nation of Mozambique.
[South Africa] African Infrastructure Investment Managers and Reatile acquire 30% stake in LNG pipeline from Sasol
Sasol will retain a 20% shareholding in ROMPCO and will continue to operate and maintain the pipeline in terms of the pre-existing commercial agreement between another member of the Sasol group and ROMPCO.
The World Bank approved a $100 million grant from the International Development Association (IDA), in support of the Government of Mozambique’s Economic Linkages for Diversification Project, which supports Micro, Small, and Medium Enterprises.
The World Bank approved $380 million in financing to support Malawi and Mozambique increase regional trade coordination, reduce trade costs and time, develop regional value chains, and improve access to infrastructure.
Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total confirms the withdrawal of all Mozambique LNG project personnel from the Afungi site.
Agility, the global logistics and warehouse provider, opened a new Agility Logistics Park in Maputo, adding to its growing network of international-standard warehouse parks serving key African markets.
African Energy developments demand sustained investment with new projects in Mozambique, Tanzania, Uganda, and Senegal
In the past twelve months, the African energy sector has seen several encouraging developments, in the form of both Foreign Direct Investment (FDI) and strategic partnerships, that have advanced the sustainable development of its natural resources.
Proparco’s grant of a portfolio guarantee to Société Générale Moçambique will enable the bank to increase its SME financing activity.
Businesses and entrepreneurs in Burkina Faso, Ethiopia, Kenya, Liberia, Mali, Mozambique, and Zimbabwe can apply for funding.
3t EnerMech, a new strategic alliance between 3t Energy Group and EnerMech, has announced its first award, a significant contract with the UK Government, which will help to shape future training requirements for Mozambique's growing oil and gas workforce.
The African Development Bank (AfDB) has finalized the purchase of 26 modular steel bridges to replace infrastructure that was destroyed in weather disasters in Mozambique.
Mozambique’s economy is expected to gradually recover from 2021 but substantial downside risks remain due to uncertainty surrounding the path of the COVID-19 pandemic.
As one of leading resource-rich countries in sub-Saharan Africa, Mozambique has the potential to not only significantly advance its own socioeconomic status, but also dramatically boost economic growth throughout the region.
[Column] Grace Goodrich: Digitization offers high returns for emerging gas producers like Mozambique
The benefits of digital investment in the oil and gas sector are multifold: increased productivity, cost savings and improved performance all tend to follow investments in big data
Mozambique is experiencing an influx of investment across energy, agriculture, tourism, construction and mining sectors, positioning the country for transformative economic growth.
In another step towards creating a "digital FAO", the Food and Agriculture Organization of the United Nations is committing to increasing by 50 percent its delivery of digital financial transfers and vouchers to beneficiaries.
UTEC, a global surveying company and part of marine energy and infrastructure services group Acteon, has been awarded survey work by TechnipFMC to support the development of Coral-Sul FLNG project offshore Mozambique.
EnerMech has appointed Celestino Maússe to the newly created role of Mozambique country manager as the company seeks to expand its business as local activity ramps up.
AfDB, Mozambique LNG Area 1 Project win Multilateral Deal of the Year Award for $24 billion global syndicated finance
The Mozambique Liquefied Natural Gas (LNG) Area 1 Project and the African Development Bank have jointly received the prestigious Global Multilateral Deal of the Year 2020 award by the print and online publication Project Finance International.
The Global Fund, the Government of Mozambique and health partners in Mozambique launched the implementation of six new grants to fight HIV, TB and malaria and build resilient and sustainable systems for health.
With fertile river valleys, expansive coastal lowlands and the prolific Zambezi River as a source of irrigation, Mozambique is considered a mecca for crop cultivation, with climatic conditions catering to a diverse range of agricultural products.
A combined total of €7.6 million in funding from the European Union (EU) is helping the United Nations World Food Programme (WFP) address the growing food needs in Mozambique driven by climate change.
The rise of the digital age has resulted in an information overload and often a lot of this information is made up of unqualified opinions and regurgitated statements according to Jay Mawji, Managing Director of INFINOX.
Acrow, an international bridge engineering and supply company, announced it has provided 26 modular steel bridges to the National Road Administration of Mozambique, to restore vital transportation routes damaged by cyclones in 2019.
The United Nations World Food Programme (WFP) welcomed a contribution of $3.5 million from the Swedish International Development Agency (SIDA) to help meet the food and nutrition needs of people in Cabo Delgado, northern Mozambique.
UN-Habitat along with Mozambique’s Health Ministry and the Canadian Government launched a project to ensure health facilities can withstand disasters such as cyclones, strong winds, floods and earthquakes.
The Global Partnership for Education (GPE) has approved $300 million in new grants to transform education systems in the Central African Republic, Ethiopia and Mozambique.
Vroon, an international shipping company, announced it has been awarded a charter with ENI on a long-term drilling project off Mozambique, with platform-supply vessel VOS Princess to join sister vessel VOS Principle in support of the drillship SAIPEM 12000.
The Government of Mozambique and IFAD officially launched the Inclusive Agri-Food Value Chain Development Programme (PROCAVA) to improve rural livelihoods, food security and resilience.
TMCEL customers in Mozambique are to benefit from the financial empowerment of Ericsson’s mobile money solutions under a new five-year deal to expand and modernize its network and digital services ecosystem.
Despite the profound crises of 2020 which have jeopardized hundreds of thousands of jobs across Africa, the African Energy Chamber expects employment to remain strong due to ongoing capital projects sanctioned since 2018.
[Column] C. Derek Campbell : Stakeholders’ engagement key to the success of Mozambique’s LNG projects
The scale and enormous economic potential of Mozambique’s LNG projects constitutes a seminal effort with national, regional and global implications and visibility.
The European Commission and the Government of Mozambique have signed a budget support programme worth €100 million to respond to the socio-economic impacts of COVID-19.
Mozambique’s President H.E. Filipe Nyusi and the French Ambassador to Mozambique David Izzo launched construction for the country’s second photovoltaic solar power plant, located in Metoro, north of Mozambique.
For far too long, descriptions of Mozambique have contained some variation of the following: Mozambique one of the poorest Least Developed Countries in the world faces endemic droughts, floods and widespread poverty.
A joint venture between Saipem and McDermott selected Siemens Energy to supply emissions-reducing power generation equipment and boil-off gas compressors for the Mozambique LNG Project.
Mozambique and Germany have a special relationship, that was formalised when the German Democratic Republic established diplomatic relationships with the then newly independent Republic of Mozambique in 1975.
The U.S. Trade and Development Agency (USTDA) expanded its support for Mozambique’s energy sector by funding two projects that will help deliver electricity to thousands of households through wind power and energy storage technology.
[Column] NJ Ayuk: Mozambique LNG project could be transformational for Mozambique if western environmentalists don’t interfere
When Anadarko Petroleum Corp. confirmed last year it would be constructing a $20 billion liquified natural gas (LNG) plant in Mozambique, this was major news.
Centurion Law Group announced the launch and opening of its lawyers-on-demand service CenturionPlus in Mozambique.
French major Total and Mozambique’s government signed a security pact to ensure safety of the $20 billion Mozambique LNG project being developed in the Cabo Delgado province, north of the country.
Low-cost carrier Fastjet has announced that it is to de-list from the AIM market and will re-register as a private company in a last-ditch bid to survive.
Transnet Engineering and Mozambican state-owned railway operator Caminhos De Ferros De Mocambique (CFM) have signed a rolling stock supply agreement valued at over R400 million as part of efforts to strengthen regional integration
The African Export-Import Bank (Afreximbank) is supporting the advancement of Mozambique’s energy industry and economy by committing up to $400 million in guarantees and direct lending to the Area 1 LNG project.
As a major integrated LNG project in Mozambique advances toward fruition, the EXIM has reaffirmed its continuing support for the development by initiating the process of providing $4.7 billion in financing.
South African banking group Standard Bank has invested $485 million in the Mozambique LNG project, joining 20 international banks that have invested close to $15 billion in the project.
The Development Bank of Southern Africa (DBSA) announced financing to the value of $120 million in Mozambique’s Area 1 Liquified Natural Gas (LNG) project.
Agritask and Hollard Mozambique have partnered to provide digital solutions to local stakeholders offering crop insurance for farmers in their respective value chains.
The African Energy Chamber and the Mozambican Oil & Gas Chamber have signed a cooperation agreement to support the development of local content in Mozambique and the attraction of investments.
The Japan Bank for International Cooperation (JBIC) signed a loan agreement in Mozambique LNG project financing amounting up to $3 billion.
BESIX, together with its partner Mota-Engil, will design and build all permanent marine facilities of the Mozambique LNG Gas Development Project.
French oil major Total has secured $15.8 billion in funding from South African lender FirstRand’s local unit, First National Bank Mozambique, for the development of the $20 billion LNG Golfinho-Atum gas field in northern Mozambique.
The Finnish Ministry for Foreign Affairs has granted €11.2 million to 4-year higher education partnerships to develop the capacity of distance learning at higher education institutions.
Following an evaluation of the exploration potential of the blocks and an assessment of the report of the pre-feasibility phase of the EIA, Sasol has decided to relinquish its exploration license in Blocks 16 & 19 offshore Mozambique.
With funding from the African Development Bank the project provided irrigation kits, constructed boreholes, small dams and water troughs that boost farmers’ yields.
Mozambique’s state-owned National Hydrocarbon Company (ENH) has assured the partners in Mozambique’s Liquefied Natural Gas (LNG) project a $20 billion gas project led by Total.