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Mozambique’s parliament gave final approval on Friday to the creation of the Mozambique Sovereign Fund with revenues from natural gas exploration, which by the 2040s should reach 6 billion dollars a year. The proposal to create the Mozambique Sovereign Fund, presented by the government, received 165...
The Mozambican economy grew steadily in the first nine months of this year, according to Prime Minister Adriano Maleiane. Addressing the Mozambican parliament, the Assembly of the Republic, on Wednesday, during a question and answer session between the deputies and the government, Maleiane said the a...
Mozambique is the third most attractive country for commercial activity in Africa, according to the Standard Bank African Trade Barometer (SB ATB) study released on Friday. The SB ATB, now in its third edition, evaluated ten African countries on the basis of surveys of economic agents from various se...
The Government of Mozambique and the Saudi Development Fund (FSD) last week signed a set of public infrastructure financing agreements worth US$158 million. The agreements were signed in Riyadh, the capital of Saudi Arabia, between the Minister of Economy and Finance of Mozambique, Max Tonela, and th...
Tanzania’s Petroleum Upstream Regulatory Authority (Pura) and Mozambique’s National Institute of Petroleum (INP) are on the brink of signing an agreement on the equal share of the natural gas reservoir in the border area, The Citizen Tanzania reports. The proposed unitisation agreement, revealed ye...