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  • ENI awaits approval from Mozambican government to pay capital gains on deal with ExxonMobil

    The payment of US$350 million in capital gains tax by Italian group ENI is expected to be made by November, and the group is now waiting for the deal with US group ExxonMobil to be approved by the Mozambican government, an official from the Mozambican Tax Authority (TA) has said. >>See More

  • Construction of Moamba-Major dam in Mozambique will be completed, minister says

    The Moamba-Major dam in the southern Mozambican province of Maputo is a project that will be completed, said Minister Carlos Bonete, speaking on the sidelines of the Third Coordinating Council of the Ministry of Public Works, Housing and Water Resources. >>See More

  • Maputo International Fair 2017 has more than 580 companies from Mozambique

    More than 580 companies from Mozambique have confirmed participation in the 53rd edition of the Maputo International Fair, FACIM, which will take place from 28 August to 3 September in Marracuene, in the southern province of Maputo, the event’s director said on Wednesday in Maputo. >>See More

  • Bank of Mozambique concludes intervention at Moza bank

    The Bank of Mozambique concluded its intervention at Moza bank, saying in a statement issued in Maputo that after the capitalisation and normalisation of the bank’s financial situation the reasons that dictated the intervention were no longer an issue. >>See More

  • Anadarko Petroleum takes another step in natural gas exploration in Mozambique

    US group Anadarko Petroleum has signed two agreements with the Mozambican government authorising “the design, construction and operation of offshore facilities for the natural gas project in northern Mozambique,” the group said in a statement released in Houston. >>See More

  • World Bank says Mozambique must restructure public debt

    Progress in Mozambique’s debt restructuring negotiations is critical to restoring fiscal stability and curbing the accumulation of arrears to creditors, the World Bank said in a recent report on the country. >>See More