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The International Monetary Fund (IMF) anticipates the resumption of TotalEnergies’ liquefied natural gas (LNG) megaproject in Cabo Delgado, northern Mozambique, this year (2024), with first exports within four years. “The onshore LNG project led by TotalEnergies is expected to resume development in...
The Managing Director of MozParks, Onorio Manuel, attended the prestigious 2024 Korea–Africa Business Summit in Korea this week. As part of the Mozambican business mission organized by the Chamber of Commerce of Mozambique and led by the President of Mozambique Filipe Jacinto Nyusi, MozParks was rep...
The Temane Thermal Power Plant (CTT), the largest gas-fired power station in Mozambique, will begin commercial operations in January 2025, according to a document from Eletricidade de Moçambique (EDM), consulted by Lusa this Tuesday. Located in Inhassoro district, Inhambane province the Temane Power...
As part of the Business Mission to Porto and Lisbon, the delegation of Mozambican businesspeople visited and held a meeting with Green Venture today, in which they announced that they will invest in Mozambique, and are looking for concrete partners to materialize this investment. Green Venture is a p...
Mozambique’s central bank on Wednesday cut its key MIMO interest rate to 15.75% from 16.50%, its second rate cut in a row. The bank’s Monetary Policy Committee said in a statement the decision was based on favorable projections, adding that it was consistent with its goal of consolidating inflation...