Browsing: Total

Agriculture
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Nyusi declares agriculture ‘national emergency’ in second term commitments

Filipe Nyusi has declared combating poverty through investing in agriculture a “national emergency” and pledged to devote 10% of the state budget to the sector, in a speech following his swearing in for a second term as President of Mozambique on Wednesday. Agriculture and industrialisation [...]

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Business
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Mozambique brings in lion’s share of Grit’s rents

Africa-focused property developer Grit is estimated to be earning over $13m a year in rent from its six biggest tenants in Mozambique, with natural resources companies bringing in the majority, according to an analysis of the company’s annual [...]

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Electricity
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Total plans start importing LNG into Mozambique by end of 2022 

French oil major Total and South Africa’s Gigajoule plan to take a final investment decision (FID) on an LNG-to-power project in Matola, southern Mozambique by mid-2020, with the aim of bringing the project online by the end of [...]

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Oil & Gas
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Minister’s assurance of ENH LNG financing, more optimism than guarantee

The Government of Mozambique announced on Friday that it had secured foreign funding for several "strategic projects" at the 2019 African Investment Forum (AIF), including $1.2 billion for state oil company  ENH to fund its stake in the Area 1 LNG project in the Rovuma Basin. "The [...]

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Daily Briefing
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Zitamar Daily Briefing, 5 November

Welcome to Zitamar’s daily Mozambique briefing for 5 November, 2019


Extractives
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Soldiers guarding Mozambique LNG complain of ‘animal’ treatment

LNG project company says it is working with government to ascertain why the subsidies it’s paying aren't reaching soldiers Soldiers guarding the LNG project site in insurgency-hit Cabo Delgado have complained they are not receiving 'hardship payments' paid by the oil companies [...]

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Oil & Gas
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Total closes $3.9 billion acquisition of Mozambique LNG

French oil major Total has closed the $3.9 billion acquisition of Anadarko’s 26.5% interest in the Mozambique LNG project in Cabo Delgado and is now officially the operator of the 13 million tonne per annum project. The transaction will bring in around $880 [...]

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