Int’l Infrastructure Forum in Macau Concludes with $10 Bln in Cooperation Agreements
Gemfields Achieves $31.7 Million in June Ruby Auction

ENI’s Coral Sul Project Powers 50% of Mozambique’s GDP Growth in 2023

Mozambique’s GDP growth in 2023 was significantly driven by the Coral Sul floating LNG project, with ENI disclosing that the offshore gas development accounted for half of the country’s economic expansion during…

Tourism Sustained Mozambique’s Services Balance with Over $49 Million in 2024
BNI Recorded 75% Profit Drop in 2024 to Nearly $1 Million

Opinion

E&M Magazine: Currency Swaps – A Window of Opportunity for Mozambique?
Renewable Energy and Tax Incentives
Is the ESG Agenda Still Worth It?
E&M Magazine: Civil Society Organisations: Financing Alternatives

Economy

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Mozambique Could Be Removed from FATF “Grey List” in September — Decision Will Be Made in Maputo
Country Faces Foreign Currency Shortage to Ensure Imports
Economic Week: Government Wants to Negotiate Free Trade Agreement, Economy Enters Technical Recession, Government Approves Development Plan for Eni Project, and World Bank Disburses $150M to Support State Budget
National Economy Shrinks 3.9% in First Quarter, Maintaining “Downward Trend”
Nampula: Local Government Secures Provincial Management with $335 Million Amid Crisis
World Bank Downgrades National Economic Growth Forecast to 3% in 2025
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Investment & Banking

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BNI Recorded 75% Profit Drop in 2024 to Nearly $1 Million
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Municipalities to Receive Nearly $150M in State Budget Transfers

HR & Careers

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Oil & Gas

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ENI’s Coral Sul Project Powers 50% of Mozambique’s GDP Growth in 2023

Mozambique’s GDP growth in 2023 was significantly driven by the Coral Sul floating LNG project, with ENI disclosing that the offshore gas development accounted for half of the country’s economic expansion during the year. The figure was disclosed following a meeting between Mozambican…

Energy

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Graça Machel Calls for Educational Institutions to Take Leading Role in the Energy Transition
Government Advances Strategy for Universal Energy Access by 2030 with Focus on Women
“Mozambique Is Ready to Lead the Energy Transition in Africa”
HCB Highlights Strategic Role in CPLP’s Energy Transition

Renewables

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EDP’s Renewable Energy Program Received 219 Applications from Various Countries, Including Mozambique
AfDB to Finance €38.5M Connection to Future Mozambican Wind Power Plant in Namaacha
Cahora Bassa and Solar Expansion Put Mozambique Among Top Ten African Countries with Highest Share of Renewables in Power Mix
‘Mozambique and Brazil Can Lead Energy Transition Among CPLP Countries,’ Says ALER

Extractive

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Gemfields Achieves $31.7 Million in June Ruby Auction
Government Wants a Transparent, More Inclusive Extractive Sector
Kenmare and Government Advance Negotiations on Moma Mine Concession Renewal
“New Electric Dredgers on Their Way to Mozambique to Boost Operations at Moma Mine,” Announces Kenmare

Business

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Int’l Infrastructure Forum in Macau Concludes with $10 Bln in Cooperation Agreements
2
How Can I Delegate More?
3
Hiring of Five Aircraft May Give LAM New Wings to Fly
4
Feeling Safe: A Human Need
5
APIEX Organises Mozambique–Japan Business Forum in Osaka

Agribusiness

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Exports and Imports: Government Launches Integrated Licensing and Certification System for Agriculture
2
PR Guarantees That Agricultural Sector Will Grow 5% This Year Despite Climate Shocks
3
Italy Provides €3.5M for Agricultural and Trade Development in Mozambique and Zimbabwe
4
EU to Fund €50M Agricultural Value Chain Project in Angola’s Lobito Corridor
5
Agriterra to Sell Mozambique Operations, Become Cash Shell

Construction & Infrastucture

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1
ANE Is Developing Emergency Works to Restore the Connection Between Nampula and Cabo Delgado
2
Mozambique Improves Chinese Infrastructure Index by Ranking 34th
3
Chinese Group CRBC to Invest in Access Roads to Inhambane Province and Beira Port
4
CFM: Trains Transport Nearly 7 Million in 2024 and Mark 50 Years of the Country’s Independence
5
Over 570 Million Dollars Still Needed for Road Works in Mozambique

Logistics

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1
Mozambique Moves Forward With Project to Build Two Dry Ports to Facilitate Trade With Malawi
2
World Bank Highlights Transport and Logistics as Key Obstacles to Food Security in the Country
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Beira Port: Cornelder Warns Fuel Crisis Threatens to Disrupt Maritime Services
4
Maputo Logistics Corridor: $50M Investment Relieves Pressure on the Borders of Namaacha, Goba and Ressano Garcia
5
Government Assures Existence of Fuel in Ports and Points to Flaws in Logistics

Innovation

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F3M Mozambique and Cegid Launch Artificial Intelligence Package That Promises to “Transform Business Management”

F3M Mozambique unveiled this Thursday (12th) a new Artificial Intelligence (AI) package developed in partnership with Cegid – the current name of the former Primavera – aimed at boosting the competitiveness of national companies through more agile and predictive data management. Gathered in…

Startups

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African Startups Represent Just 0.6% of Global Total With $1.5B in Equity Funding
African Startups Raise $2.2B in 2024, Down 25% From 2023
Project +Emprego: How a Cabo Delgado Startup is Developing Software for Local SMEs

Development

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Economy & Market Magazine: World Youth Climate Summit: Young People Demand Climate Action and Public Policy
PALOP Countries Should Seize Opportunities and Think Regionally, Says Sérgio Pimenta
Petroleum Institute Cancels Tender for Seismic Data Acquisition
Mozambique and China Strengthen Bilateral Cooperation with Focus on Health and Infrastructure

Wildlife & Conservation

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Africa

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Elon Musk Considers South Africa as New Launch Site for SpaceX
Zimbabwe Prepares Economic Conference Focused on Growth and Digital Innovation
South Africa Stock Loses $3.7b as Foreign Investors Withdraw From Its Market
China-Botswana Ties: Botswana Minister Hails Ties for Boosting Industrialization

World

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Trump Considers Extending Travel Ban to 25 African Nations, Including Nigeria, Ghana
G7 Summit in Canada Focuses on Security and Diplomatic Tensions
Most G7 Members Ready to Lower Russian Oil Price Cap Without US
India: Police Say There May Be No Survivors in Plane Crash

Markets

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Oil Prices Surge Over 7% After Israeli Strike on Iran

Oil Records Second Weekly Drop as Market Eyes New OPEC+ Production Increase
Gold Loses Shine as Ukraine and Russia Begin Negotiations
Oil Prices Fall 2% on Expectations for US-Iran Nuclear Deal
CTA Predicts Volatility in Commodity Prices, Including Minerals and Fuels

Crypto

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Bitcoin Drops More Than 5% and Hits Lowest Level Since November

Bitcoin Rally Loses Steam as 2024 Draws to a Close
Top Ten African Countries in the 2024 Crypto Adoption Index
Nigeria and South Africa Lead Crypto Innovation
Dollar Rises and Cryptocurrencies Jump as Markets Turn in Favour of a Trump Victory

Lifestyle

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