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.
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.
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.
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.
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 World Bank approved a $100 million grant from the International Development Association (IDA) in support of Maputo Urban Transformation Project.
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.
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 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.
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.
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.
[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.
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.
From Sudan to Mali, Senegal to Mozambique, and Zambia to Mauritania, women are changing the face of agriculture, adapting and innovating to tackle the challenges of climate change, and feeding the continent’s growing population.
Mozambique’s National Petroleum Institute (INP) has announced that the final investment decision (FID) for its planned $30 billion Rovuma liquefied natural gas (LNG) project will be taken by ExxonMobil in 2021.
Recently, Svitzer took an important step towards strengthening its presence in Africa by signing a five-year contract with Nacala Logistics in Mozambique for harbour towage, occasional pilot transfer and potential salvage work in the port of Nacala.
The Rand Merchant Bank (RMB) confirmed that a liquefied natural gas (LNG) project in Mozambique is expected to receive $15 billion (R267bn) of financing commitments at a signing scheduled for June 2020.
A Fugro vessel heading from the Netherlands to South Africa has made a 10-day detour to support Ifremer, the French Research Institute for Exploitation of the Sea, in monitoring a giant active underwater volcano off the east coast of Africa.
Kibo Energy announced that it has successfully acquired additional land contiguous to the Benga Power Plant Project in the Tete province of Mozambique, increasing the total project area with an additional 345 hectares.
To further solidify its market-leading position, DHL Global Forwarding has made some key appointments to its leadership teams in Central and Southern Africa.
EXIM approves amended financing of U.S. exports to Mozambique LNG project, support more U.S. jobs in additional states
The BOD of the EXIM unanimously voted to amend the agency’s previously approved September 2019 direct loan supporting U.S. exports for the development and construction of an integrated LNG project in Mozambique.
Alphabet’s Loon and Vodacom have signed a deal to use Loon’s balloon-powered internet solution to expand the Vodacom network in Mozambique.
The Government of Mozambique and the African Development Bank have signed a protocol agreement for a $34 million grant for the paving of the 35-km Nambungali-Roma road.
The Government of Mozambique and the African Development Bank signed a protocol agreement for a $34 million grant for the paving of the 35-km Nambungali-Roma road to facilitate trade and promote social inclusion of local communities.
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.
South African-based sugar producer, Tongaat Hulett is set to resume operation at its Mozambican subsidiaries, the Xinavane and Mafambisse sugar mills by April with an investment of about $29.5 million.
A project implemented by UNIDO is helping smallholder farmers to use renewable energy to increase their harvests and ensure their resilience in the face of climate change.
CoffeeMM, a South African startup in the coffee business has been working with smallholder farmers inSouth Africa, Mozambique, Burundi and Zimbabwe to process their raw coffee for the retail market.
The Development Bank of Southern Africa (DBSA) announced that it has committed project funding to Ignite Moçambique, a rural off-grid energy provider in Mozambique.
Australian engineering company Worley has been awarded two master service agreements by Total to provide services to the Mozambique LNG Project.
ALP Maritime Services (ALP) has been selected by a Joint Venture between TechnipFMC and JGC to provide a spread of five vessels related to the CORAL SOUTH project, offshore Mozambique.
IFAD announced support for a new programme to increase incomes, improve food and nutrition security and build the resilience of at least 902,500 rural Mozambican farmers, in one of the African countries most affected by climate change.
The International Fund for Agricultural Development (IFAD) has announced a new project to increase production and incomes for more than 88,000 rural small-scale fish farmers through aquaculture.
Efacec was selected for the engineering, purchase and construction (EPC) contract for operation and maintenance (O&M), of a 41 MWp solar plant, located in Metoro, northern Mozambique.
After a year when two severe cyclones contributed to a setback in growth, Mozambique looks ahead having made significant progress in maintaining economic stability and strengthening its external buffers.
Nespresso, a coffee operating unit of the Nestlé Group, has partnered with the Mozambique’s Gorongosa National Park to promote the local coffee industry as part of the Nespresso’s Reviving Origins program.
Southern Africa in throes of climate emergency, 45 million people facing hunger across the region, WFP
A record 45 million people, mostly women and children in the 16-nation Southern African Development Community are gravely food insecure following repeated drought, widespread flooding and economic disarray.
Since 2017, TechnoServe has been supporting the banana industry in Mozambique – the first country in Africa to face the devastating Panama Disease that is threatening the global production of bananas.
The Development Bank of Southern Africa (DBSA) has provided finance to the Government of Mozambique's national energy utility, Electricidade De Mocambique, EDM.
A week-long Outward Trade and Investment Mission to Pemba and Maputo in Mozambique has whetted the appetite of South African business people for mega gas projects plans.
The African Development Bank (AfDB) has approved a long-term Senior Loan of $ 400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, including a liquifaction facility in Mozambique.