Australian Securities Exchange listed Battery Minerals (BAT) has agreed to sell its Mozambique Graphite Projects to Tirupati Graphite for $12,5 million in cash and shares. Read more.
IITA to establish fifth Alflasafe production facility in Mozambique, heightening fight against aflatoxin contamination. Read more
Airlink, the Southern African regional airline, is set to resume direct flights between Johannesburg and Nampula from 16 September 2021, reviving business and tourism travel as well as vital air cargo transport between Mozambique’s northern capital and South Africa’s main commercial hub. Read more.
Investment laws in Mozambique have been evolving with time to meet international best practices. Read more.
Social impact investor AgDevCo has announced its latest investment in Mozambique’s agribusiness sector. Read more.
The central bank of Mozambique has deployed its senior staff to Standard Bank to monitor its activities few days after punishing the bank for violating foreign exchange rules.
Bank of Mozambique has fined Standard Bank Mozambique, SA (290 million MT) US$4,6 million for breaching prudential and foreign exchange rules. Read more.
A budget of 10 million euros (USD12 million) for the deployment of the Southern African Development Community (SADC) standby military force in support to help defeat Islamic terrorists, has been announced by the head of Angolan diplomacy. Read more.
The project will enable the businesses to better tap into national and regional markets and capitalize on the opportunities created by the African Continental Free Trade Area
The project will support more than 150 local companies by facilitating access to skills and certification, contracts with large firms and finance from local financial institutions.
The African Energy Chamber (AEC) believes Total giant will soon resume oil and gas operations in Northern Mozambique saying it recognizes Total's and the Mozambican government's effort over the past three weeks to figure out solutions and arrangements to address the volatile security situation in Cabo Delgado. Read more.