Public mural by Naguib Elias Abdula
26 May, 2016      12:31 GMT +2 Maputo
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2016 / 05 / 25
Natural gas extraction in Mozambique likely to begin in 2021
The beginning of the extraction of natural gas in the Area 1 block, northern Mozambique, where Indian companies have a combined stake of 30 percent, should only begin in 2021, which is later than initially planned, according to Indian newspaper the Economic Times. The newspaper quoted a sector sour...
2016 / 05 / 25
Botswana wants the Techobanine port construction project to be re-launched as the project will make Botswana’s world trade easier, a Botswana government official said this week in Maputo. Eric Molela, Minister of the Presidency for Social Affairs and Public Administration of Botswana, recalled th...
2016 / 05 / 24
Fitch Ratings downgraded the long-term debt rating in national and foreign currency of Mozambique from “CCC” to “CC”, the agency said in a statement issued Monday in London. The “CC” rating, according to the scale applied by the agency, means that Mozambique’s debt is “highly vulner...
Fitch Ratings lowers credit rating on Mozambique to “CC”
2016 / 05 / 24
Twelve vessels of Mozambican tuna company Ematum are being refurbished to meet European Union standards for fishing vessels that catch fish for the EU market, Mozambican daily newspaper Noticias reported. The newspaper added that the dry dock work had been awarded to a specialised South African com...
2016 / 05 / 23
The province of Shandong, China, plans to increase investment in Mozambique, estimated at over US$200 million to date, said the provincial governor, Guo Shuqing, according to Mozambican newspaper Notícias. Upon receiving Friday in Jinan, the capital of Shandong, the President of Mozambique, Filipe...
Shandong Province, China, plans to increase investment in Mozambique
2016 / 05 / 23
The dredging of the access channel to the port of Maputo to allow the entry of vessels of up to 80 tons of gross tonnage will begin in May following the signing of a contract recently, Sunday newspaper Domingo reported. The contract, worth US$100 million for a 10-month contract was signed by the Ma...