There is a fuel crisis in Mozambique
Several Mozambican provinces are facing fuel shortages. The government is aware of the situation but guarantees that the port terminals are stocked up. There is no clarity about what is….
Tag: business
Mozambique plans to increase natural gas production by 500% in five years
Mozambique plans to increase its production of Liquefied Natural Gas (LNG) by 500% in five years, to 20 million tons per year (mtpa), according to data from the Government’s Five-Year….
Mozambique wants to impose rules on the use of mineral resources
The government of Mozambique has admitted to imposing rules on the use of mineral and energy resources, indicating that they should benefit the country, and has expressed an interest in….
TotalEnergies supports Mozambique’s human rights abuses investigation
Energy giant TotalEnergies has expressed its support for the commencement of official investigations by Mozambican authorities into allegations of human rights abuses by the country’s Defence and Security Forces in….
USA loans US$4.7 billion to Mozambique liquified natural gas project
TotalEnergies’ massive liquified natural gas (LNG) project in Mozambique is to receive a US$4.7-billion loan, a lifeline for the “carbon bomb” fossil gas plant long-delayed by insurgent Islamist terrorists in….
Mozambique had 145 work-related accidents in the last quarter of 2024
Mozambique recorded 145 work-related accidents in the last quarter of 2024, a reduction of 5.1% compared to the third quarter of the year when 204 cases were recorded, according to….
US export credit agency agreed to provide a US$4.7bn loan for TotalEnergie’s Mozambique LNG project
The US export credit agency has agreed to provide a US$4.7bn loan for TotalEnergie’s controversial Mozambique LNG project, reinstating its support after years of delays and amid ongoing security risks….
Mozambique had almost 210 new tourism enterprises in 2024
Almost 210 enterprises began operating in Mozambique’s tourism sector in 2024, despite the downturn in activity due to post-election unrest that has been taking place throughout the country since October…..
Post-election demonstrations in Mozambique affected almost a thousand companies and 17 thousand jobs
According to an estimate by the Confederation of Economic Associations of Mozambique (CTA), almost a thousand Mozambican companies have been affected by the post-election demonstrations since October, which have impacted….
Mozambique’s CTA points to a deficit of 373 million dollars and urges the BM to act urgently
The Confederation of Economic Associations of Mozambique (CTA) warned in a statement of the growing currency crisis in the country, revealing that 63 companies reported difficulties in making payments abroad,….
Business confidence index improves in Mozambique but still negative
The index that measures business confidence in Mozambique improved in January but remains in negative territory since the post-election protests, which resulted in hundreds of deaths and a downturn in….
COVID-19 pandemic costs 39,500 jobs in Mozambique
In Mozambique, the COVID-19 pandemic has thrown at least 39,500 workers out of their jobs, according to Labour and Social Security Minister Margarida Talapa. Speaking on Thursday in the northern….
Lack of foreign currency could lead to company closures in Mozambique
More than 15 companies are at risk of closing their doors due to the difficulty of making imports associated with the shortage of foreign currency in the country. The information….
Protests ‘almost destroyed’ 40% of industrial fabric
The president of Mozambique’s Confederation of Economic Associations (CTA) said that the post-election protests “almost destroyed” 40% of the country’s industrial fabric, and therefore defended a sound macroeconomic policy in….
Mozambique will issue green bonds and blue bonds on stock exchange
Mozambique wants to promote a sustainable bond issuance market on the stock exchange, to finance projects in the blue or green economy, known as “Green Bonds” and “Blue Bonds”, as….
How serious is Mozambique’s financial crisis?
Mozambique’s international bonds tumbled earlier this week after a news report that the new government in Maputo is weighing a debt restructuring following months of post-election turmoil. Although Mozambique’s public….
Sasol backs full-year mining in Mozambique
Sasol reported a slight fall in first-half mining production but a rise in natural gas output as it backed its full-year guidance for both divisions. The South African chemicals-and-energy group….
2024 inflation closed at 4.15% in Mozambique
Prices in Mozambique rose by 1.6% in December, double November’s 0.72%, with inflation in 2024 closing at 4.15%, according to data released by the National Statistics Institute (INE). According to….
Post-election crisis in Mozambique jeopardizes future investments in industry
The Industrial Association of Mozambique (AIMO) warned that the post-election crisis, characterized by strikes, mass demonstrations, and looting since 21 October, is jeopardising future investments in the industry. According to….
Mozambique’s Cahora Bassa Records Profit of 201.8 million USD
Hidroelectrica de Cahora Bassa (HCB), the company that operates the Cahora Bassa dam on the Zambezi River, in the western Mozambican province of Tete, achieved, over the last nine months,….
Airlink cancels flights to Mozambique’s Nampula province
Airlink announced the cancellation of January 7 flights to Nampula in Mozambique following a claim for damages instituted by the province’s court. The instituting of the claim was accompanied by….