Norway to Provide Funding for Mozambique Energy Projects

Norway will spend $80 million to implement projects to produce and distribute power in Mozambique and the southern region of Africa in general, the official Mozambique News Agency (AIM) reported Sunday. The amount, which would be managed by the World...

Mozambique, Portugal Agree to Setup $500m Investment Bank

Mozambique and Portugal have agreed to setup a $500 million investment bank to be based in the Mozambican capital Maputo in the first quarter of 2010. A memorandum of understanding was signed late on Wednesday by the Finance ministers from the two countries,...

Swazi Queen Mother in First-ever Tour of Mozambique

Swaziland’s Queen Mother Tombi Tfwala has arrived in Maputo on her first-ever three-day courtesy visit to Mozambique. The Queen-Mother of Africa´s last absolute monarchy, Tfwala, jetted into the capital accompanied by a large group of women who...

Mozambique to Launch Massive Public Works Tenders

The Mozambique Government has announced an ambitious plan to issue international public works tenders amounting to 800 million euro for a number of projects including 1,000 km of roads, three bridges, construction of a container terminal at Beira Port...

Mozambique, Lesotho Remove Visa Requirements

Mozambique and Lesotho have agreed to remove visa requirements as part of a drive to boost the Southern African Development Community (SADC) regional integration process. Lesotho King Letsie III is in Mozambique on a three-day state visit at the invitation...

Mozambique to Open Some Airports’ Services to Private Operators

Mozambique has entrusted the exploration, operation and management of some of the country’s key airports to private companies, bringing an end to decades of state monopoly in the field, a senior official has said. Cabinet spokesman Victor Bernardo told...

Bela Vista-Rice Project to Produce 40,000 Tons of Rice in Mozambique

A consortium formed by the Libya Africa Investment Portfolio (LAP) and the Mozambican company Ubuntu SA have launched a $30 million project to raise rice production in the southern province of Maputo, reports the official Mozambique News Agency on Saturday. The...

Mozambique’s National Oil Company, Empresa Nacional De Hidrocarbonetos to Receive $100 Million in Government Aid

Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos (ENH), is to receive $100 million aid from the government to finance research, production, distribution, commercialization and transportation of gas and fuel products in the country. A...

Portugal to Launch Business Fund for Portuguese Cooperation in Mozambique

Portugal is planning to launch the Business Fund for Portuguese Cooperation which will encourage, via soft loans, the setting up of businesses in the northern Mozambique Island area. The Portuguese secretary of state for foreign affairs and cooperation...