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The Mozambican Investor

Issue: 1037th
By Adrian Frey

Date: 15 December, 2017 Email us: themozambicaninvestor@clubofmozambique.com

2017: Natural gas megaprojects in Mozambique enter final count-down

The year 2017 will go down in the history of Mozambique as the one in which the first final investment decision was made in a natural gas megaproject with revenue forecasts in the millions, sums capable of ending poverty. The decision by the consortium led by the oil company Eni, of which Portugal's Galp is also a part, was taken in June and started a five-year countdown to gas exploitation in the Rovuma basin on the north of the ...

Mocimboa da Praia: Armed men given 7 days to hand themselves to police

The Commander-in-Chief of the Police of the Republic of Mozambique (PRM), Bernardino Rafael, has given the armed men who are disrupting order in Mocímboa da Praia, Cabo Delgado province, seven days hand themselves over to the police authorities along with any firearms and other weapons. Speaking yesterday at a popular rally in the village headquarters of Mocímboa da Praia, Rafael said that all those who present themselves to the police ...

Seedstars Africa: More than 500 startup delegates to Maputo

More than 500 delegates including innovators and investors, took part in the third annual Seedstars Africa summit in Maputo on Thursday, to technological innovations and business ideas, A Verdade reports. The Maputo summit was the 3rd this year of Seedstars Africa, the continent's largest gathering of startups. aimed at discussing and consider problems faced by African countries seeking to adopt strategies in line with the current ...

Frelimo party president in Inhambane

Frelimo president Filipe Nyusi arrived in Vilankulo municipal village at the end of yesterday afternoon, and will leave from here for Inhassoro. Speaking at a press conference on Wednesday, Frelimo spokesman Caifadine Manasse said that the Frelimo president would there head a training seminar for first district secretaries on the nature, objectives, principles and working methods of the party. Manasse noted that the XI Party Congress had ...

Canada: US$60 million per year to empower women and girls in Mozambique

About US$60 million is channelled by the government of Canada to Mozambique annually to support various projects aimed at empowering women and girls, Canadian Ambassador to Mozambique Antoine Chevrier said in Nampula this Thursday. Sheverie said that the money was spent building health units especially in various parts of the country, adding that he was impressed with the projects implemented in Nampula province and the country in ...

EUR 39.5 million to support inclusive development in Mozambique

The European Union (EU) has made available EUR 39.5 million to support energy, citizenship and public finance management in Mozambique, a statement released today announces. "Faced with these challenges, the three programmes adopted are crucial to achieving the strategic objectives of our partnership with Mozambique," Neven Mimica, EU Commissioner for International Cooperation and Development, is quoted in the statement as saying. The ...

Inhambane governor inaugurates marine research centre at Benguerra, Bazaruto Archipelago

The governor of Inhambane Province, Daniel Francisco Chapo, inaugurated the KISAWA Project Marine Research Centre on Benguerra Island in the Bazaruto Archipelago, Vilankulo District, on Tuesday, Inhambane's Provincial Directorate for Culture and Tourism has announced. The research unit, part of the KISAWA Project' social responsibility investment, is valued at just over US$1 million and consists of a marine studies laboratory, dorms for ...

Update: President Nyusi leaves Tanzania after short visit to hold talks with Magufuli – Watch

Mozambican President Filipe Nyusi has left Tanzania, after holding talks with his host President Magufuli in Dodoma Thusday afternoon, Tanzania Daily News reports. Rais wa Msumbiji, Filipe Nyusi akisalimiana na Makamu wa Rais wa Tanzania, @SuluhuSamia ,alipowasili katika uwanja wa ndege mjini Dodoma kwa ziara ya Kikazi. pic.twitter.com/etF5naUJ4g — Uhuru FM (@uhurufm) December 14, 2017 Mozambique President Felipe Nyusi arrived in ...

IMF thumbs down: secret debt details & major spending cuts required – By Joseph Hanlon

There is no IMF programme on the horizon as the IMF mission took a very hard line in a statement issued Thursday afternoon. More information on the secret debt, more spending cuts, and restructuring state companies are all required - and must go much further than the small attempts made in the past two weeks to placate the IMF mission. The IMF points to the large deficit caused by high wage bills and falling tax revenue, and being funded by ...

Debt limits Mozambique’s growth but medium term prospects good – Fitch

Financial rating agency Fitch said yesterday that although economic recovery in Mozambique was currently being limited by the debt crisis effects, medium-term growth prospects were strong. "Economic recovery is being constrained by the effects of the debt crisis; growth prospects, in the medium term, are nevertheless strong, as there are positive signs of the materialisation of megaprojects that have been awaited for a long time," a note sent ...

Peace & tranquillity this festive season: Operation ‘Kurhula’ in readiness on roads and at borders – WATCH

Speedy delivery of public services and permanent vigilance and promptness in the fight against indiscipline, extortion and corruption are what is required of all agents in service at our borders and roads during the next festive season. So said Director-General of Customs Aly Mallá in Ressano Garcia on Wednesday, at the launch of "Operation Kurhula 2017/2018", in partnership with the Police of the Republic of Mozambique, National Institute ...

Negligent migration officers sabotage tourism – AIM report

About 400 tourists on board a cruise ship were unable to visit Maputo on Sunday because of the negligence of the Mozambican immigration officials who should have dealt with their passports, according to a report in Thursday’s issue of the independent newssheet “Mediafax”. Cruise ships stop regularly at Maputo port, and tourists are encouraged to spend a few hours in central Maputo, before the ship sets off again. But this depends on the ...

 

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