Shipping volumes at Port of Maputo grew to 18.2 million tons in 2017, a 22% increase on the year before, and concessionaire Maputo Port Development Company (MPDC) is hoping to hit 30 million tons by the time its concession ends in 2033.
The move coincides with the end of importing Diesel 500, to be replaced with cleaner Diesel 50 The Zimbabwe government has set 1 May 2018 as the deadline to stop all bulk imports of diesel via road, a senior [...]
South African energy company Sasol is seeking suggestions for how to export light oil from its onshore Temane project in southern Mozambique. The company already produces around 250m3 of gas condensate per day [...]
The Mozambican government on Tuesday approved a decree terminating the Quelimane Port concession contract and returning it to the original authority, state-owned ports and rail company Portos e Caminhos de Ferro de Moçambique (CFM).
The LNG projects planned in Cabo Delgado led by Eni and ExxonMobil in Cabo Delgado appear to be making plans not to use the controversial Pemba Logistics Base, where work apparently remains on hold. A presentation in [...]
Brazilian miner and Japanese conglomerate Mitsui signed their $2.73 billion project financing on Monday, with $2 billion coming from Japanese lenders and $700 million from within Africa. The
Freight transporters in Mozambique are suffering “huge additional costs and delays,” industry sources have said, since a vital bridge connecting southern Mozambique with the rest of the country stopped taking vehicles weighing more than 35 tonnes. [...]
Mozambique’s state-owned rail and ports company CFM this week signed a deal with the National Railways of Zimbabwe (NRZ) and Zimbabwean state-owned mining company ZIMASCO to transport a million tonnes of ZIMASCO’s chromite and iron ingots to Mozambican [...]
China announced on Thursday that it had pardoned more than $36 million of interest-free loans it gave to Mozambique, and also pledged to donate more than $15 million to finance construction of an airport at Xai-Xai, the capital of Gaza Province in southern [...]
Brazilian miner Vale has set a date to close its $2.7 billion project finance package for the Nacala Logistics Corridor in Mozambique, after the two biggest participants gave their approval for $2bn worth of lending and credit insurance.