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  • Mozambique creates Sovereign Fund with initial funding of US$350 million

    The Mozambican government plans to create a sovereign fund that will be financed with tax revenues from the exploration of natural resources, Economy and Finance Minister Adriano Maleiane announced on Monday in Maputo. >>See More

  • Gigawatt Mozambique invests in increasing electricity production

    Gigawatt Mozambique, which manages Ressano Garcia’s natural gas-fired power plant, plans to expand electricity production from the current 120 megawatts to 350 megawatts, a project that will begin in 2018, the company’s operations director told daily newspaper Noticias. >>See More

  • Group with forestry assets in Mozambique given ‘buy’ recommendation

    Investment bank VSA Capital has made a ‘buy’ recommendation on the shares of the Obtala group, which holds forestry concessions in Mozambique, for up to 36 pence per share, roughly double the current price of 17.5 pence, the group said in a statement to the market. >>See More

  • Zero Investimentos company listed on the Mozambique Stock Exchange

    Zero Investimentos, the first small and medium-sized Mozambican company to float its shares, will be the sixth company to be listed on the Mozambican Stock Exchange, according to an announcement due to be made on Friday. >>See More

  • Mozambican economy registers growth of 3.0% in the first half

    Mozambique’s economy grew by 3.0% in the first half of the year, leading to the expectation that the 5.5% forecast in the Economic and Social Plan (PES) for 2017 will be met, said the spokesperson for the Council of Ministers, at the end of a meeting on Tuesday in Maputo. >>See More

  • Xtract Resources begins exploration of gold deposits in Manica, Mozambique this month

    The start of exploration of alluvial gold deposits at the Manica concession in central Mozambique is expected to begin later this month, said Xtract Resources, which is listed on the London Stock Exchange’s Alternative Investment Market (AIM). >>See More