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.
The DBSA and Mozambique’s national oil and gas company, Empresa Nacional De Hidrocarbonetos (ENH), will host a ministerial dinner to discuss ways of unlocking the economic and social development of the region’s gas sector.
Angola becomes 8th Member State to sign Charter establishing SADC regional fisheries Monitoring Control Surveillance Coordination Centre
The Minister for Fisheries and Sea of the Republic of Angola signed the Charter establishing the SADC regional fisheries Monitoring Control Surveillance Coordination Centre (MCSCC) in Maputo, Mozambique.
JGC announced that a consortium of JGC Corporation has been awarded the engineering, procurement and construction project by Area 4 operator Mozambique Rovuma Venture for its onshore LNG production.
Eni, Government of Mozambique strengthen cooperation for sustainable development and decarbonisation
The Minister for Mineral Resources and Energy in Mozambique and Eni Chief Executive Officer signed a Memorandum of Understanding for the definition of sustainable development and decarbonisation projects.
Within the framework of its YouthMobile Initiative, UNESCO Mozambique, in cooperation with the Maluana Science and Technology Park (MS&TP), organised Africa Code Week coding workshops for 400 students.
The board of directors of the EXIM voted unanimously to authorize a direct loan of up to $5 billion to support the export of U.S. goods and services from multiple states for development and construction of an integrated LNG project in Mozambique.
Total has announced the closing of the acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $ 3.9 billion.
Smit Lamnalco has secured a 10-year fixed term contract with Coral FLNG to provide integrated marine services to the first Mozambique and worldwide deepwater Floating Liquefied Natural Gas facility, the Coral Sul FLNG.
Fenix International, a next-generation energy company and subsidiary of ENGIE, opens its sixth market in Mozambique, where it expects to reach 200,000 households with clean energy and inclusive financial services within 3 years.
South Africa, along with five other countries in the Southern African region have concluded a new trade agreement with the United Kingdom (UK) that will allow business to keep trading freely after Brexit.
The UK has initialled an Economic Partnership Agreement with the Southern African Customs Union and Mozambique (SACU+M) that will allow business to keep trading freely after Brexit.
After extensive negotiations, Sasol has concluded 2 Local Development Agreements (LDAs) with the communities of Inhassoro and Govuro districts in Inhambane Province, Mozambique.
The African Development Bank is to part-finance the construction of a 563 km power transmission line in Mozambique, after signing the agreement on 28 August to start the Temane transmission project.
EXIM Board votes to notify Congress of proposed $5 billion financing to support U.S. exports to Mozambique LNG project
The board of directors of EXIM voted to notify the U.S. Congress of its consideration of a $5 billion loan to support the export of U.S. goods and services from multiple states for the development and construction of an LNG project in Mozambique.
Africa is an exciting frontier in the global natural gas sector. The continent holds 7.1 percent of proven global gas reserves.
Mozambique president Filipe Nyusi has officially inaugurated Mozambique's first solar power station at Mocuba, situated in the Zambezia province.
Ethiopian Airlines will launch thrice weekly service to the city of Beira in central Mozambique via Malawi effective September 3, 2019.
[Mozambique] Speedcast picked to provide IT support services for Sasol's oil and gas exploration venture
Speedcast International Limited has been awarded a new multi-year contract to provide communications and onsite IT support services at four operations camps for Sasol's oil & gas exploration in Mozambique.
Digital money transfer service WorldRemit continues its rapid expansion in Africa, launching new international mobile money services through a partnership with MFS Africa in five countries across the region.
A new Rural Enterprise Finance Project which will help more than 287,700 rural people engaged in agriculture improve their access to national and regional markets has been launched.
Sasol has reaffirmed its partnership with the Government of Mozambique to deliver on its socio-economic development strategy focusing on the creation of self-employment opportunities for locals.
AGCO and AT Capital S.A have signed a memorandum of understanding to collaborate and work together towards the implementation of the Parque Agro-industrial de Moamba (PAM) Agri-Industry Park in Maputo, Mozambique.
OPIC and the U.S. Government’s development finance institution, announced that the agency will explore a new project with Sunshine Nut Co., which specializes in cashew processing operations in Mozambique.
Anadarko Petroleum Corporation and the co-venturers in Mozambique's Offshore Area 1 have announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project.
Globalstar has announced that it has received MSS and terrestrial authorizations in South Africa, Mozambique, Gabon, and Rwanda.
ExxonMobil has committed to provide $3 million to USAID to design and administer programs that improve social and economic development in Mozambique.
Global energy project TechnipFMC has been awarded a number of subsea contracts by Anadarko Moçambique Área.
The United Nations WFP welcomes a €3 million contribution from the Government of Austria in support of over 5,000 households in Chemba district, Sofala province in Mozambique, prioritising vulnerable children, adolescent girls and women.
Kenyan headquartered Equity Bank has set up a Commercial Representative Office in Addis Ababa, Ethiopia, as it prepares to commence operations come July this year.
ITR Technology, the sole distributers of ManageEngine software in South Africa have announced their move into Namibia and Mozambique.
McDermott International announced that CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko for the Mozambique Area 1 LNG development.
Eni, through its subsidiary Eni Mozambico, has acquired rights to explore and develop offshore blocks A5-B, Z5-C and Z5-D, located in the deep waters of Angoche and Zambezi Basins.
The government of Mozambique has approved Mozambique Rovuma Venture development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas.
The Central Bank of Kenya (CBK) and the Bank of Mauritius held a brainstorming session with a view to enhancing cooperation between the two central banks.
National Aviation Services (NAS), has announced a joint venture (JV) agreement with Linhas Aéreas de Moçambique (LAM), the Mozambique flag carrier, to provide management services of the Flamingo lounges in Mozambique.
The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa program.
Total announces that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa for a consideration of $ 8.8 billion.
Philip Morris International (PMI) and Projects with a Heart Association (PwH) have donated more than USD 430,000 to help Mozambique in the aftermath of the devastating Cyclone Idai.
Saudi Arabia’s largest mining company, Ma’aden, will make its first international acquisition with the purchase of an African Fertilizer distribution company.
A joint effort by FAO and Mozambique's Ministry of Agriculture and Food Security has seen farmers in areas left devastated by Tropical Cyclone Idai receive agricultural inputs to assist hard-hit rural families get a head-start.
National Aviation Services (NAS), the fastest growing aviation services provider in the emerging markets will offer comprehensive ground handling and cargo services in Mozambique beginning July 2019.
The World Bank has approved an $82 million grant to increase access to electricity in five of the poorest provinces of Mozambique.
ACF team, alongside local African authorities, have conducted two highly successful operations to stop the trade of counterfeit cartridges for HP printers across Uganda and Mozambique.
Dutch brewing company Heineken Has unveiled its first brewery in the district of Maputo, Mozambique.
The African Development Bank and the governments of Mozambique and Portugal have signed a Mozambique-specific Memorandum of Understanding for the implementation of the Lusophone Compact.
OFID has signed a $12 million loan agreement with Mozambique to co-finance a project aimed at strengthening artisanal and industrial fishing to boost food security and improve living standards.
The African Development Bank and the governments of Mozambique and Portugal have signed a Mozambique-specific Memorandum of Understanding for the implementation of the Lusophone Compact.
South Africa, Mozambique and the UK progress in finalizing a roll-over Economic Partnership Agreement
South Africa Minister for Trade and Industry says progress has been made to finalize a roll-over Economic Partnership Agreement between the Southern African Customs Union, Mozambique and the UK.
Aurecon has selected Orange Business Services, a global technology integrator, to manage its global communications infrastructure.
Qatar Petroleum has entered into an agreement with Eni to acquire a 25.5% participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique.
Vivo Energy has announced its conclusion with Engen Holdings transaction, leading to expansion of its service station network to 8 new countries in Africa.
The National Institute for Standardization and Quality and the regional organization “Solidaridad Southern Africa” have begun to work together on the certification of agricultural products in Mozambique.
Anadarko Petroleum Corporation has announced the signing of a Sale and Purchase Agreement between LNG and Shell for 2 million tonnes of LNG per annum for a period of 13 years.
Anadarko Petroleum Corporation has announced Mozambique LNG1 Company Pte. Ltd has signed a Sale and Purchase Agreement (SPA) with CNOOC.
The Director General of the Italian Ministry of Foreign Affairs and International Cooperation signed three new funding agreements of €5.8 million for projects in Mozambique, Tunisia and MENA regions.
SunFunder closes $2m debt facility in Mozambique with MFX Solutions for off-grid energy provider SolarWorks!
SunFunder, a solar finance company has closed a $2m debt facility with SolarWorks!, a leading Pay-As-You-Go (PAYG) solar home system and energy services provider in Southern Africa.
Export-Import Bank of India, Exim Bank, has, on behalf of the Government of India, extended a Line of Credit, LOC, of $95 million for procurement of railway rolling stock.
South Africa and Mozambique have committed to maximising areas of cooperation that are beneficial for the neighbouring countries’ bilateral relations.
The Governor of the Bank of Mozambique received a delegation from the Monetary Authority of Macau, Banco Nacional Ultramarino and Bank of China, with the aim to deepen relations between the banks.