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Africa Business News

Mozambique Tender and Business News

Anadarko Finalizes Two Agreements With the Government of Mozambique

Texas-based Anadarko Petroleum Corporation, has finalized two agreements with the Government of Mozambique – together known as the "marine concessions" – which would allow it to design, build and operate the marine facilities for its LNG project in northern Mozambique.

Air Products Provides Cryogenic Tech for LNG Facility Offshore Mozambique

Air Products of Pennsylvania, a major international provider of liquefied natural gas (LNG) technology and equipment, has signed an agreement to supply its proprietary its proprietary cryogenic coil wound heat exchanger technology and the liquefaction process license for a floating liquefied natural gas (FLNG) facility offshore Mozambique.

IMF Holds Week-Long Review with Mozambique, Comes Up Empty on Critical Data

Michel Lazare and a team from the International Monetary Fund (IMF) completed a detailed review with authorities in Mozambique from July 10-19, regarding the previous audit report of EMATUM, Proindicus and MAM public sector companies. The high-level review went well, but there is still concern that Mozambique still has not addressed major gaps in data requested by the IMF.

New Plan Rolling Out to Halt Spread of Fall Army Worm in Southern Africa

The fall army worm has expanded so rapidly in southern Africa that its presence is behind a cut in this year's regional maize harvest forecast by up to 10 percent. A new multi-part plan to increase surveillance and research to contain the worm may help push back the agricultural menace.

Mozambique Secures USD 6M to Support Sustainable Forests

The Government of Mozambique just received $6 million from the World Bank and the Food and Agriculture Organization (FAO), to support sustainable management of its forest sector, promote good governance, improve forest concession systems, and enable private sector participation.

New Maputo Departure Lounge Soon to Open

Maputo International Airport in Mozambique is getting a new departure lounge. It will be operated by First National Bank (FNB) (www.FNB.co.za) and Kuwait-based National Aviation Services (NAS) (www.NAS.aero).

World Bank Backs Diversified Growth for Mozambique

The World Bank Group (WBG) is committing to spend ~$410 million/year to support diversified development in Mozambique, starting in FY 18. It is doing so in the context of a new Mozambique Country Partnership Framework (CPF) its board just approved for the years 2017-2021.

Africa 'On the Rise' But Corrupt Illegal Money Flow Could Cripple Its Future

The Africa Rising pitch is growing more convincing, thanks in part to vast food production potential (even in the face of rising drought), more integrated democratic reforms, and increased interest by external investors. But as long as an estimated 50 billion dollars continues to leak out annually through illicit financial flows, any long-term growth for the region is in jeopardy.

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