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News
Mozambique: At least nine die in illegal mining in Manica in three days - govt
11+ hour, 1+ min ago (536+ words) The region administrator, Armindo Canhenze, said that six people died in the early hours of Thursday morning in a landslide at an illegal mining site known as ‘seis carros’; two lost their lives on Wednesday and one on Tuesday, also…...
Mozambique: Business leaders expect central bank solutions for exchange-rate stability from central bank
3+ day, 1+ hour ago (379+ words) “For the private sector, one of the major challenges will be to find a balance between the need for macroeconomic, exchange-rate and monetary stability and the need to ensure conditions to finance production, investment and employment,” said the president of…...
Mozambique: CTA Business Robustness Index rises by just one point despite macroeconomic improvement
3+ day, 4+ hour ago (1231+ words) The performance of Mozambican companies recorded a marginal recovery in the second quarter of 2026, with the Business Robustness Index rising from 26% to 27%, according to data presented by the Confederation of Economic Associations of Mozambique (CTA). The one-percentage-point increase occurred during…...
Mozambique finances 260 agribusiness projects with €4M in H1
4+ day, 1+ hour ago (464+ words) According to first-half budget execution data compiled by Lusa on Thursday, the 260 projects were supported through the Innovative Agribusiness Financing Facility (FINOVA), with a total amount of 297.8 million meticais (€4 million). READ: Germany injects €45.5 million into FINOVA to boost Mozambique’s agribusiness…...
Moody's sees ongoing surge in Africa's private credit market
4+ day, 22+ hour ago (226+ words) The continent’s private credit industry remains small but has grown rapidly in recent years, with assets under management rising to $5.6 billion at the end of 2025 from $1.8 billion in 2020, according to the report. Moody’s said demand would continue to be supported…...
Mozambique LNG project plans 5,000 tonnes of coconut biodiesel a year
4+ day, 22+ hour ago (404+ words) According to the documentation consulted by Lusa, the facility should have an approximate nominal capacity to produce 5,000 tonnes of B100 biodiesel a year, including vegetable oil extraction and refining units, raw material collection centres and a network of local aggregators. The…...
Mozambique steps up drive to attract UAE investment
5+ day, 2+ hour ago (176+ words) In this context, Economy Minister Basílio Muhate held a meeting in Dubai with Her Highness Sheikha Somayer Noor, President of Noor Royal Holding, on the sidelines of the AIM Congress 2026. The meeting served to strengthen dialogue between Mozambique and investors…...
Mozambique: Mota-Engil signs US$207m contract for Afungi works
5+ day, 7+ hour ago (128+ words) CLUB OF MOZAMBIQUE Mozambique: Mota-Engil signs US$207m contract for Afungi works Mota-Engil said it had signed a contract, in partnership with Italian company Bonatti, to carry out preparatory works at Afungi related to the development of the Area 4 gas project,…...
Nigeria's Dangote refinery plans $14 billion expansion as it signs IPO documents
5+ day, 5+ hour ago (396+ words) Nigeria’s Dangote oil refinery plans to spend $14.3 billion to double its processing capacity, the company disclosed on Monday as it signed documents for its initial public offering that is slated to be Africa’s biggest ever. The expansion programme, due to…...
Millennium bim shares vision on investment and industrialisation at FACIM 2026 forums
5+ day, 20+ hour ago (154+ words) Millennium bim took part in the 61st edition of FACIM through its participation in different forums for discussion on Mozambique’s economic outlook, investment opportunities, industrialisation and the development of partnerships between national and international companies. These interventions enabled the Bank to…...