Public mural by Naguib Elias Abdula
25 October, 2014      20:06 GMT +2 Maputo 23°C
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2014 / 10 / 24
Mozambique signs new contracts for oil exploration in 2015
New contracts on concession areas for exploration and oil production in Mozambique will be signed after April 2015, the Resource Valuation Director of the National Oil Institute (INP) said Thursday. On the sidelines of the launch, in both Maputo and London, of a tender to award 15 blocks for oil ex...
2014 / 10 / 24
The African Development Bank (ADB) will provide a donation of US$59 million to Mozambique, with the first tranche of US$29 million earmarked for 2014 State Budget 2014, the local ADB representative said Thursday in Maputo. Joseph Ribeiro said that the donation was part of the Economic Governance an...
2014 / 10 / 24
Portuguese group pulp and paper group Portucel Soporcel is negotiating with the International Finance Corporation (IFC), the World Bank group, to sell a 20 percent stake in a project in Mozambique, the group’s chairman said in Lisbon. Diogo da Silveira noted that the partnership with IFC was a ye...
2014 / 10 / 23
The government of Mozambique, in partnership with the Japanese Agency for International Development, has created a financial security for small and medium enterprises (SMEs) with an initial allocation of US$13 million, according to Mozambican daily newspaper Notícias. The guarantee fund is intende...
Japan supports guarantee fund for SMEs in Mozambique
2014 / 10 / 23
About 49 percent of bank deposits held in Mozambique in 2013 were owned by private companies, followed by Mozambican and foreign families, with 45 percent, the Bank of Mozambique said, according to Mozambique’s Correio da Manhã newspaper. The remainder of the deposits are held by the public sect...
2014 / 10 / 22
Italian oil group ENI signed a cooperation agreement with the Korea Gas Corporation (Kogas) to strengthen cooperation in the Area 4 block in northern Mozambique, according to a statement released recently in Milan. The group holds a 50 percent stake in the block, Kogas and Portugal’s Galp Energia...
ENI and Kogas cooperate in natural gas sector in Mozambique

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