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Sub-Saharan Africa’s economic growth is expected to improve to an average 4.2% this year from an estimated 3.8% in 2024, boosted by investments in energy and infrastructure and an expanded services sector, according to Moody’s Ratings. The US company lifted its outlook for the region’s credit fund...
The chairman of TotalEnergies said on Thursday that almost 80% of the $14 billion needed for the mega gas project in Cabo Delgado is guaranteed and that he will be meeting Mozambique’s next president this month in Maputo. At a meeting with investors on Wednesday, the head of the French oil company, ...
The presidents of Mozambique, Filipe Nyusi, and of the People’s Republic of China, Xi Jinping, consider the state of cooperation between the two countries to be fruitful and continuing. Presidents Nyusi and Jinping made this assessment during the bilateral meeting at the Great Palace of the People’...
By Sam Tobin July 29, 202410:23 PM GMT+9 LONDON, July 29 (Reuters) - Mozambique has substantially won its $3.1-billion lawsuit at London's High Court against Emirati-Lebanese shipbuilder Privinvest for allegedly paying bribes in relation to the decade-old "tuna bond" scandal. The southeast African co...
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...