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  • Anadarko Petroleum and ENI groups sign maritime terminal concession contracts in Mozambique

    The American Anadarko Petroleum and Italian ENI groups signed with the Mozambican government on Thursday in Maputo the concession contracts for the liquid natural gas maritime terminal and material unloading installations on the Afungi Peninsula, reports the Mozambican press. >>See More

  • Mozambique’s foreign reserves increasing

    The increase is due to the fact that although the central bank sold US$264 million in the interbank exchange market from 19 June to 9 August, used to pay for liquid fuel imports, it also purchased US$812.7 million, the statement released at the end of the Monetary Policy Committee meeting also indicates. >>See More

  • Bank of Mozambique reduces reference interest rates by 25 basis points

    The Monetary Policy Committee of Banco de Moçambique has reduced by 25 basis points the country’s three reference interest rates, among them the MIMO rate, which fell to 21.50 percent, the central bank informed in a statement released in Maputo. >>See More

  • BRIC New Development Bank Africa Regional Center officially unveiled

    International Online reported (China International Radio reporter Zhu Wanling): local time on the morning of August 17, the BRIC New Development Bank Africa Regional Center officially unveiled in Johannesburg, South Africa. >>See More

  • Completion of Mozambique’s Maputo/Catembe bridge now set for December

    The completion date of the Maputo/Catembe bridge has once again been pushed back, this time to December, indicate reports in various Mozambican newspapers citing the South Maputo Development Company (Empresa de Desenvolvimento de Maputo Sul). >>See More

  • India’s Mercator Limited group to sell mining licence in Mozambique

    The Indian group Mercator Limited, previously Mercator Lines Limited, aims to earn US$300 million from the sale of coal assets in Mozambique and Indonesia to finance partial acquisition of the state-owned Dredging Corporation of India, reports the Indian newspaper The Economic Times. >>See More