Category Archives: Business

Mozambique: LNG Terminal Will Be Built in Matola

Maputo — The Matola Gas Company (MGC), in partnership with the French oil and gas company Total, has guaranteed the construction of a Liquefied Natural Gas (LNG) Terminal in the southern Mozambican port of Matola, in anticipation of declining gas production from the Pande and Temane onshore gas fields in Inhambane province. The South African

Mozambique: Second Month of Falling Prices

  Maputo — The overall level of prices in Mozambique fell in June by 0.55 per cent, according to the latest figures from the National Statistics Institute (INE), based on the consumer price indices for the country’s three largest cities (Maputo, Nampula and Beira). This was the second consecutive month of deflation. In May, prices

Mozambique: Minister Predicts Fall in Cement Prices

  Maputo — Mozambique’s Minister of Industry and Trade, Carlos Mesquita, on Thursday forecast that the price of cement will fall when a new cement factory comes into production in the southernmost district of Matutuine. According to a report in Friday’s issue of the Maputo daily “Noticias”, Mesquita said the new factory, Dugong Cimentos, will

Mozambique: Contraband Cigarettes and Alcohol Seized in Tete

  Maputo — The Mozambican Tax Authority (AT) announced on Thursday that mobile customs brigades in the western province of Tete have seized about 1,450 boxes of contraband cigarettes and 668 bottles of assorted alcoholic drinks. The bottles were seized during a customs inspection at the Mpadwe Inter-provincial Road Terminal in Tete city. The transporter

Mozambique: EDM Owes Eight Billion Meticais to Hcb

Maputo — Mozambique’s publicly owned electricity company, EDM, owes its main supplier, Hidrolectrica de Cahora Bassa (HCB), which operates the Cahora Bassa dam on the Zambezi, about eight billion meticais (114.3 billion US dollars, at current exchange rates). “The period for repaying the debt to HCB will be established between EDM and HCB, and the

Mozambique: Zambezia Mayors Agree On Reorganising Markets

Maputo — The mayors of the six municipalities in the central Mozambican province of Zambezia have pledged to do all in their power to reorganise municipal markets in order to contain the spread of the coronavirus that causes the Covid-19 respiratory disease. The mayors of the provincial capital, Quelimane, and of Mocuba, Gurue, Alto-Molocue, Milange