Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Nyusi announces first LNG export shipment

The first LNG export from the Coral Sul FLNG Project, which produces liquefied natural gas (LNG) in the Rovuma Basin, started today, according to Filipe Nyusi, President of the Republic.

In an address to the nation  on Sunday, Filipe Nyusi stated that the LNG cargo is the first to be made in accordance with the long-term purchase and sale deal with BP, which includes all LNG produced in Mozambique.
"It is with great honor that I announce the start of the first export of Liquefied Natural Gas (LNG), produced in the Rovuma, in Mozambique, by the Coral Sul FLNG Project. The British Sponsor ship departs Mozambican waters for the international market. "

The Mozambican statesman declared that "Today, Mozambique enters the annals of world history as one of the exporting countries of liquefied natural gas, which, in addition to representing an alternative source of supply, greatly contributes to energy security in countries with the highest consumption."

In his address to the country, Nyusi stated that the completion of this international project is evidence of the market's recognition that Mozambique provides a stable, transparent, and predictable environment for the realization of multibillion-dollar investments, where high technology stands out in order to monetize resources during a phase of energy transition.

"But we urge Mozambicans not to see gas development as the best and only option for our ambition to build Mozambique. In our traditional industries like agriculture, fishing, tourism, and energy generation projects, among others, they must maintain and significantly boost production and productivity".

Huge natural gas resources, the largest ever found in Sub-Saharan Africa, were found in the northern Cabo Delgado province in 2010, and Mozambique has great expectations for them.

Mozambique could be one of the top ten exporters in the world once its potential is realized.

Africa has more than 620 trillion cubic feet of natural gas reserves, according to the BP 2021 Statistical Review of World Energy. 
Leaders want to promote action plan for industrialization through the production of LNG for both domestic and international consumption. 

Lake Cahora -Bassa:Fishermen denounce smuggling of kapenta

The Cahora-Bassa reservoir is the location of a network of theft and smuggling, according to kapenta fish producers in Tete's Mágoé area.

The accusation was made during the meeting with Henrique Bongece, Deputy Minister of the Sea, Inland Waters, and Fisheries.

Ditos Gabriel, president of the Kapenta Fishermen's Association, spoke on behalf of the producers, saying that they are concerned about the situation since it jeopardizes the work they do.

The Deputy Minister of the Sea, Inland Waters, and Fisheries urged all parties(Including the fisheries' security guard and the relevant governmental authorities) to conduct more thorough inspections.

"Do you hear me when I say that we would penalize or arrest anyone found stealing kapenta fish? This issue shouldn't be brought up again", he said. (RM)

United Arab Emirates Businesses keen to boost invest in Mozambique.

United Arab Emirates businesspeople seek to boost their investments in Mozambique.

This is an observation made by Mateus Magala, Minister of Transport and Communications, during the President of the Republic, Filipe Nyusi's, working visit to that Middle Eastern country.

" The United Arab Emirates expressed a strong interest in partnering with and investing in Mozambique in a variety of areas." This is great to observe. "I feel there is confidence in Mozambique's macroeconomic and political structural reforms,"  stated the Minister.

Filipe Nyusi, President of the Republic, met with his counterpart from the United Arab Emirates on Monday night. (RM)

South African Entrepreneurs eager to invest in Gaza's agriculture, livestock, and tourism sectors


Entrepreneurs from South Africa are eager to make investments in Gaza's agricultural, livestock, and tourism sectors.

The intention was announced this past Friday at the conclusion of a four-day tour to Gaza province by a South African business group.

The agro-ecological potential of Gaza region impressed businesspeople from South Africa, according to Massaca Mabilu, the delegation's representative from that nation. (RM)

Maputo. INAE conducts awareness-raising campaigns in the fields of business, industry, tourism, and education.

Since this past Friday, inspections of an educative nature in the fields such as business, industry, tourism, and education have been carried out by the National Inspection of Economic Activities (INAE) in the city of Maputo.

The INAE envoy gave a press conference in the city of Maputo where the announcement was made.

According to Gabriel Estevo Chongo, the inspection campaign is a component of carrying out the initiatives included in the President of the Republic's Economic Acceleration Package.

The INAE representative in Maputo underlined that the operation also aims to ensure ethical business practices and draw tourists to the nation during the festive season. (RM)

Mozambique -Rwanda : Visas abolished

Regular passport holders no longer need a visa to enter Mozambique or Rwanda.

For regular passport holders, Mozambique and Rwanda do not require a travel visa.

In order to facilitate this, the two governments on Friday in Kigali inked a deal to abolish visas.

Both Rwanda's Minister of Foreign Affairs and International Cooperation, Vincent Biruta, and Mozambican Interior Minister Arsénia Massingue signed the document.

According to a statement from the Ministry of the Interior, under the terms of this agreement, nationals of both nations are permitted to enter and remain in either Mozambique or Rwanda for up to 90 days without a visa.

The visa waiver deal should go into effect later this year, according to the interior minister of Mozambique. (RM)

World Bank to provide USD 380 million for the renovation of the Port of Nacala and infrastructure linking Mozambique and Malawi

In order to encourage industrial development in Malawi and Mozambique, the World Bank will shortly make US$380 million available for infrastructure development at the Port of Nacala and other key locations.

By using the port of Nacala as the transportation hub, the fund will be used to streamline the logistics of moving agricultural products between the two nations' marketplaces and the production areas.

Mateus Magala, the Minister of Transport and Communications, announced the information on Tuesday in Nacala, claiming that the investment aims to support industrialization for the two nations' sustainable and contemporary development.

"US$150 million will go to Malawi, and the rest 230 million will go to Mozambique, and this will connect the markets, create new opportunities, and make the corridor not simply for travel."

The Morrumbala, Zambézia granite mining not providing any social advantages.

The residents of Ndenguma, in Morrumbala, Zambézia, are concerned with the lack of social benefits that have arisen from granite exploration in the locality.

According to certain sources, a company with Spanish capital has been prospecting that resource in the Morrumbala districts of Cuize, Nhamizinga, and Chevele since 2015.

Since then, those communities allege they have yet to receive 2.75% of the mining company's tax revenue. (RM)

Ukraine and Mozambique to Strengthen ties

Mozambique and Ukraine are interested in forging a league of friendship and deepening their mutually beneficial cooperation, particularly in the parliamentary and economic spheres.

In Maputo on Friday, Esperança Bias, the president of the assembly of the republic, met with a delegation from Ukraine led by the vice president of that nation's parliament.

Hélder Ndjonjo, the Assembly of the Republic's first vice president, declared that the friendship league he plans to establish will strengthen ties between the two nations' populations.

Even today, the ambassador of Norway and the high commissioner of Mauritius to Mozambique were given audiences by the president of the Assembly of the Republic. (RM)


Mozambique organizes its eighth tourism expo in an effort to boost the industry's post-pandemic recovery.

The Mozambican government reiterates its dedication to funding tourism, which is one of the foundations for the growth of the nation.

Recognizing the potential of the nation, the government relaxed entry visa restrictions to encourage more tourists to come to Mozambique. This will encourage economic growth and hasten the recovery of a number of sectors that were severely impacted by the Covid-19 global epidemic.

This Thursday in Maputo, during the inauguration ceremony of the Eighth edition of the International Tourism Fair (FIKANI), that hosts exhibitors from each and every province of Mozambique as well as from the neighbouring states of Eswatini and South Africa, Mozambican Filipe Nyusi reaffirmed this promise.

"Mozambique is now establishing itself as a major player in the region's tourism industry,"

Chinese firm utilizing Chibuto's heavy sands to construct Chongoene port in Mozambique.

 Gaza province's Chonguene district will get a port, according to an announcement made by Adriano Maleiane, the prime minister of Mozambique.

The Chinese-owned business Dingsheng Minerals, which has been utilizing the heavy sands of the nearby region of Chibuto since 2018, will pay for the development of the Chonguene port.

According to Adriano Maleiane, who was mentioned on Saturday by Rádio Moçambique, "They need a location that enables access to the sea and they are going to invest in Chonguene."

Adriano Maleiane stated that the Chinese capital company has not provided the funding needed for the port's construction or the project deadlines and is waiting for the environmental impact studies to be completed before undertaking the work.

READ: Mozambique reaches agreement on

Mozambique: Prawns fishing closed for four months

The Mozambican government has imposed a closed season for prawns fishing from 01 November to 14 March next year.

The closed season covers five zones. The first is the Sofala Bank, which includes the provinces of Sofala, Zambézia and Nampula, in the central and northern region of the country.

The second zone includes Maputo Bay, the third the mouth of the Limpopo River, which goes as far as town of Quissico, Zavala district, in Inhambane province in the southern region of the country.

In view of the pressure in Inhambane, the government has decided to extend the closed season for the entire province.

According to the General Director of the National Fisheries Administration, at the Ministry of Sea, Inland Waters and Fisheries (MIMAIP), Cassamo Júnior, the closed fishing season is intended to enable the reproduction of fish species.

“As for prawns fishing, we will impose a closed season for industrial and semi-industrial fishing starting on 1 November and ending on 31 December and from 1 January until 14 March we will impose a closed season for industrial and semi-industrial surface prawns, said Júnior to a Maputo press on Friday.

The closed also includes artisanal fishing, but does not prevent fishing other marine species.

‘It must be clear that we are not banning fishing activity. Fishermen who use trawls nets cannot fish, if they want to fish they can use another fishing gear,” he warned.

For mangrove crabs, Matsinhe explained that the closed season starts from 01 November to the 31st of December of 2022.

“The closed season for mangrove crabs fishing will last two months, and on January 1, 2023, fisherman will be allowed to resume fishing”, Matsinhe assured.

Matsinhe explained that the northern province of Cabo Delgado is exempt from a closed season because recent studies carried out in the region have shown that there is no need so far.

In terms of catch volumes industrial and semi-industrial and artisanal fishing managed to reach 5,727 tonnes of prawns in 2022 down from 5,901 tonnes in 2021, a negative variation of 200 tonnes.

According to the source, was due to the low operability of the fleet and increase of fuel price.

Fishing of mangrove crabs show a one per cent increase from 6,900 tonnes in 2021 to 7,000 thousand tonnes in 2022.

In another development, Matsinhe warned companies to declare their production by 31 October, otherwise they risk to be banned.

To boost security, Matsinhe said, besides satellite surveillance, the authorities have set up multisectorial teams, made up of technicians from the National Marine Institute (INAMAR), the Coastal, Lake and River Police; the Navy; and the municipal police, to prevent the sale of prawns during season.
Source: AIM 








Japan donates ambulances to Mozambique

Photo: Twitter / @The Japanese government on Friday donated three ambulance to Mozambique aimed at improving provision of emergency health care in the northern provinces of Niassa, Nampula and Cabo Delgado.

The donation is part of the project to strengthen integrated services of sexual and reproductive health and gender-based violence for displaced girls and women, as well as host communities.

Speaking during the ceremony, Health Minister Armindo Tiago said that Japan is a key and long-standing development partner of the Mozambican government, highly committed in supporting programmes that seek the social well-being of the Mozambican people.

According to Tiago, the health sector is among those that have benefited from Japan’s support, and this Friday’s donation is a clear indication.

“We are talking about the donation of vehicles to three provinces in the north of the country, affected by terrorism, which will contribute not only for the expansion and supply of vital sexual and reproductive health services, but also to respond to gender-based violence,” he explained.

Tiago recalled that lately the country has been ravaged by calamities and disasters, including cyclones, tropical storms and floods, terrorist attacks and the Covid-19 pandemic.

All these factors, the minister added, “force us to adapt our interventions to provide assistance to the populations that are often displaced, increasing demand in places not previously foreseen and also reducing our assistance capability in those areas affected by insecurity and destruction of infrastructures”.

He assured that the government will continue to work with its partners to ensure coverage of the needs in terms of ambulances for effective operation of referral and counter-referral of patients.

For his part, the Japanese ambassador Kimura Hajime said that his country has been working with the Mozambican government to mitigate the suffering of the people.

Therefore, he believes that the ambulances donated today will improve services rendered the displaced people in the northern part of the country.

“We are convinced that, with these vehicles, we are minimising the suffering of the close to a million displaced people, guaranteeing better and timely medical care”, he explained.

He announced that another 28 new ambulances are in the process of being imported, financed by the Japan International Cooperation Agency (JICA).

Source: AIM

Nigerian investment in Mozambique tops US$44 million in 5 years, expected to grow in the near

Nigerian High Commissioner in Mozambique, Yamah Mohammed Musa, said the Nigeria-Mozambique Business and Investment Forum would open space in the trade area so that more business can arise, thereby consolidating the economy of both countries.

“We are using this forum to invite Nigerian private entrepreneurs to come and explore business opportunities in Mozambique, because there is a lot of potential and a lot of resources which foreign investors can use as a source of financing for various investments in the country, and also showcase Nigeria’s potential,” Musa said.

Massingue.ccm_.fb_
Photo courtesy: Câmara de Comércio de Moçambique
One of the main goals of this business forum is to stimulate the growth of micro, small and medium-sized enterprises (MSMEs) with strategies to this end already being implemented by some Mozambican entrepreneurs.

“We want, firstly, to make Nigerian entrepreneurs aware of the potential of Mozambique, secondly, to promote exchanges between entrepreneurs from the two countries, thirdly, to promote business partnerships and exchanges of services between Nigerian and Mozambican entrepreneurs, to promote investment and boost the economic development of micro, small and medium-sized companies in Mozambique and Nigeria, through the internationalisation of their products and services, and finally, to stimulate business between Africans, that is, intra-African business,” declared Álvaro Massingue, the president of the Chamber of Commerce of Mozambique.

Interviewed by ‘O País Económico’, Otieno Salimu, a Nigerian businessman who works in Mozambique, stressed that Mozambique had a positive business environment, making it worthwhile continuing to invest.

“For me, Mozambique has a good business environment and can profit from Nigeria’s experience in the areas of oil and petroleum, given that the country has developed in these areas, and I believe that it can take advantage of these areas, as well as in agriculture,” Salimu said.

The Business Forum in Maputo, which brings together businesspeople from Nigeria and Mozambique, runs under the motto “Creating Opportunities for Partnership, Investment and Economic Growth”, and ends this Friday.

O Pais.


Bank of Mozambique raises monetary policy interest rate to 17.25

The Monetary Policy Committee of the Bank of Mozambique decided today to increase the monetary policy interest rate, the MIMO rate, from 15.25% to 17.25%.

A communiqué received in our editorial office states that the measure aims to ensure the return of inflation to single digits, in the medium term, in a context in which it is expected that the volatility of the prices of energy and food products will continue at international level, in view of the prolongation of the conflict between Russia and Ukraine.

According to the document, forecasts of economic recovery in 2022 and 2023 are maintained, despite the prospects of a slowdown in external demand sustained by the execution of energy projects in Inhambane and in the Rovuma basin and by the start of liquefied gas exports, in the context of implementing the program with the International Monetary Fund and resuming external assistance from cooperation partners. (RM)

Watch announcement by Banco de Moçambique on YouTube



Mozambique wants to increase electricity production capacity



By next year, Mozambique will increase its capacity for domestic production of electricity and supply to South Africa.

The initiative aims, in part, to respond to the energy crisis in that neighboring country.

 This could result in the installation of a thermal power station in the Beluluane Industrial Park, in the district of Boane, with a production capacity of two thousand megawatts, equivalent to the capacity of the Cahora Bassa Hydroelectric Power Plant.   

The infrastructure, valued at US$2.8 billion, will comprise a gasification plant, to be installed in the port of Matola, with a pipeline for transporting gas to neighboring South Africa and a branch to the Beluluane Thermal Power Plant. .

The director general of MozParks, Honório Boane explains that with the Beluluane power station, the conditions will be created for the development of the second phase of the project to expand the Industrial Park and the consequent attraction of more industrial investments to the country. (RM)

Defense ministers of Mozambique and Tanzania meet in Maputo





The Defense Ministers of Mozambique and Tanzania are analyzing, this Thursday, in Maputo, Defense and Security matters in the two countries.

The Ministry of Defense says that the meeting is taking place within the framework of the fourth session of the Permanent Joint Commission for Defense and Security of Mozambique and Tanzania.

The meeting will, among other matters, analyze bilateral cooperation between the two countries, and design actions to be developed in the fields of Defense, Public Security and State Security. (RM)

"Minister of Economy and Finance will be heard this Thursday by Parliamentary Committees - Rádio Moçambique




    Rádio Moçambique 
 

Minister of Economy and Finance, Max Tonela, will be heard this Thursday by the Committees on Constitutional Affairs, Human Rights and Legality, Planning and Budget and Public Administration and Local Power of the Assembly of the Republic.

A document states that the Proposed Law that Defines the Rules and Criteria for Setting the Remuneration of Public Servants, Holders or Members of Public Bodies and Holders and Members of the Administration of Justice Bodies within the scope of implementation will be discussed at the hearing  (RM)

Gaza. Budget suspension for municipalities affects works by Xai-Xai municipality

The suspension of the budget approved this year for the Municipalities by the Road Fund is making the rehabilitation and paving of some access roads in the Xai-Xai municipality unfeasible.

A little over thirteen million meticais should be received from the City Hall from the Road Fund for the paving of five hundred meters of the road that gives access to Praia de Chongoene, departing from the tourist area of ​​Praia de Xai-Xai.

The mayor of Xai-Xai, Emídio Xavier, said that the rise in fuel costs and the removal of some tax charges that reverted to the Road Fund dictated the suspension of the budget that was intended for the municipalities.

Emídio Xavier made it known that given the scenario, negotiations are taking place with the central bodies to unblock the situation that affects all municipalities in the province of Gaza. (RM)

Zambezia. Three individuals indicted for illegal sale of medicines from the National Health System arrested




Three individuals aged between thirty-five and forty-six years old are being held in the provincial command of the PRM, in Zambézia. for illegal sale of medicines from the national health system.

The arrest took place in the town of Mugeba, district of Mocuba, and the alleged sellers were neutralized in the local market, in possession of unspecified quantities of drugs.

Asked about the origin of the medicines, they alleged that they bought them from private pharmacies in Mozambique and neighboring Malawi, for resale.

The head of Public Relations at the provincial command of the PRM in Zambézia, Miguel Caetano, says that the individuals, now detained, have been engaged in the illegal sale of medicines from the National Health Service for three years. (RM)