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The London-based independent power producer Globeleq (an institution formed by Norwegian and British funds) has launched commercial operations at its Cuamba solar and battery storage plant in Mozambique. The power plant was officially inaugurated on Thursday by President Filipe Nyusi at a ceremony in...
The consultancy firm Business Monitor International (BMI) believes that the outlook for natural gas projects in Mozambique is improving, despite the delay in the resumption of work by the French oil and gas company, TotalEnergies, in the northern province of Cabo Delgado. “The outlook for mega-proje...
The central Mozambican port of Beira expects to double the annual volume of cargo handled, from 300,000 containers to around 700,000. According to the Director of Operations of the private company Cornelder de Moçambique, which operates the port, Miguel de Jenga, the increase will be achieved thanks...
The Government of Mozambique, through the Council of Ministers, on Tuesday, 15th of August 2023, approved Topuito Industrial Park (TIP) in Larde, Nampula province as an Industrial Free Zone (IFZ) regime, thus acquiring the same status as the Beluluane Industrial Park regime, the largest in the countr...
The Chinese group Huaxin Cement has taken control of Mozambique’s largest cement company, Cimentos de Moçambique (CM). CM was set up under the Portuguese colonial regime in 1924. After Mozambican independence, in 1975, it became a state owned enterprise. In the wave of privatisations of the late 19...