Eni and ExxonMobil are looking to install a high-speed internet connection to their planned LNG project on the Afungi peninsula in northern Mozambique, which will involve installing a new sub-sea cable linking it to the Tanzanian port city of Dar Es [...]
Mateus Magala, the chairman of Mozambique’s state-owned power company EDM, has decided to return to the African Development Bank (AfDB) as vice president for corporate services and human resources. According to the [...]
Ncondezi Energy, the coal and power developer, has said that Mozambique’s state power company EDM wants a coal-fired power plant on the country’s northern grid by 2023 - but admitted that plans for its own 300MW power plant are being [...]
Mozambican state-owned airline LAM has appointed a company veteran as its new head, after the management board was sacked on 5 July. João Carlos Pó Jorge, LAM’s engineering and quality manager was appointed [...]
Mozambique’s state-owned electricity utility, EDM, has overhauled the way in which it buys goods and services, after finding that its previous methods caused it to pay about four times the market price for electricity meters.
South African gas and petrochemicals company Sasol has confirmed that negotiations are ongoing over a planned 400 megawatt gas-fired power plant in Inhambane province following a report that the company is reducing its financial commitment to the [...]
The company running the Port of Beira in central Mozambique has won a 15-year extension to its concession after promising to invest $290 million in upgrading the port and transport links to it. In March, the [...]
New coal-fired power projects continue to be proposed in Mozambique, despite the fact that multiple projects are already under consideration - and none have yet made it off the drawing board. The latest company to [...]
Troubled African budget airline Fastjet today managed to raise $10 million from its main shareholders to enable it to continue trading as a going concern. On Thursday,
Budget airline Fastjet could cease trading as a going concern as it is burning through cash far faster than it is raising it - and millions of dollars remain locked up in Zimbabwe where they cannot be accessed due to a national cash crisis.