NEWS

Japan donates US$59 million to Mozambique for power plant and secondary schools

The government of Japan has donated US$59.0 million to Mozambique to finance the construction of a power plant in Nacala, in Nampula province, as well as four secondary schools in four districts of Zambézia province, reported the Mozambican press.

Daily newspaper Notícias reported that the legal documents to make the donation official were signed on Thursday in Maputo by the minister of Foreign Affairs and Cooperation, José Pacheco, and by the Ambassador of Japan in Mozambique, Toshio Ikeda.

The project for the Nacala power plant, budgeted to cost US$37.5 million, aims to improve the quality and capacity of energy supply, to contribute to the promotion of social and economic development in the region, as well as ensure the distribution of electricity in the Nacala Corridor.

The secondary schools project, with a cost estimated at US$21.3 million dollars, is essentially intended to increase access to secondary education in that province of Mozambique and improve the quality of education offered.

Speaking at the end of the ceremony to sign the documents, the minister of Foreign Affairs and Cooperation, José Pacheco, recalled some projects funded by Japan, highlighting, in the energy sector, the 110-megawatt combined cycle thermal power plant in Temane, in the southern province of Inhambane and the Gas-fired Thermoelectric Plant in the city of Maputo.

He also noted the strengthening of the power grid in the Nacala Corridor, the 1,200-megawatt thermoelectric plant, in the central province of Tete, as well as technical assistance to the master plan of state power company Electricidade de Moçambique (EDM).

The signing of the documents is within the framework of the plan of action of the 7th Tokyo International Conference on African Development (TICAD), held recently in Japan, under the motto “Advancing the development of Africa through people, technology and innovation.” (macauhub)

Investors from Brazil and India interested in coal mining in Mozambique

Mining mineral coal in Mucangadzi, Zumbo district, in the north of the central Mozambican province of Tete, will be re-launched starting next year, said the district administrator, Djone Manhoso.

The administrator also told daily Newspaper Notícias, that a group of businesspeople from Brazil and India had visited Mucangadzi in the first half of the year for meetings with the district government, community leaders and the population.

At the meetings, the investors made a general presentation of the objectives of the re-launch of coal mining in Mucangadzi, at a standstill since the 1980s due to the 1976-1992 civil war.

The newspaper also reported that coal production in Tete province fell by 21.9% in the first half of 2019, to 4.743 million tonnes, compared with 6.070 million tonnes in the same period of 2018.

The provincial director of Mineral Resources and Energy, Grácio Cune, told the newspaper that the drop was the result of the standstill of one of the fronts of Vale Moçambique and excessive rainfall in the first six months of 2019. (macauhub)

US approves new aid programme for Mozambique

The United States federal government has approved a new funding programme for Mozambique for five years which aims to reduce poverty through specific investments that drive economic growth, said the Millennium Challenge Corporation (MCC).

“I am pleased to announce a new partnership with Mozambique for a new funding programme,” said the chief executive of the MCC, Sean Cairncross, in a statement on the MCC website.

MCC is a programme of the U.S. government that provides subsidies to developing countries for a specific period and which meet strict standards of “good governance” ranging from the fight against corruption to respecting for human rights.

Mozambique successfully completed its first MCC compact in September 2013 and has recently shown political improvements in its performance indicator, according to the statement published in Washington.

In the first programme, Mozambique received US$507 million, which was applied in various projects. (macauhub)

Standard Bank Mozambique launches Africa-China Agent service

The Africa-China Agent is a new service intended to help entrepreneurs from Mozambique to establish contacts and communicate with Chinese suppliers and vendors, as well as manage the process of importing goods and services, said on Wednesday in Maputo, the manager of the Africa-China Banking clients of Standard Bank Moçambique.

Tanuja Viriato said that for the introduction of this new service the bank had a partnership with the Industrial and Commercial Bank of China, which will guarantee the transactions through a letter of credit issued by Standard Bank, which is intended to give importers enough time to receive and sell the goods prior to making the payment.

“With this service, we want to eliminate all barriers that our customers and entrepreneurs face today,” said Viriato, on the sidelines of the launch ceremony of the new platform, according to the Mozambican press.

The Economic and Commercial Counsellor of the Embassy of the People’s Republic of China, Liu Xiaoguang, said that trade relations between the United States and China were very good and beneficial for both countries, and added that with this new service Standard Bank will support Mozambican and Chinese companies to open their businesses and thus open up a world of possibilities for those entities that import goods and services from China.

The diplomat said that the new platform is an opportunity for companies to import, with greater safety and quality, goods produced in China, a country whose trade relationship with Mozambique this year has already exceeded more than US$2 billion. (macauhub)

Vale Moçambique is the largest company in the country for the second consecutive year

Vale Moçambique, a subsidiary of Brazilian group Vale, was regarded as the largest company in Mozambique in 2018, according to a 2019 study by KPMG Auditores e Consultores.

This is the second consecutive year that the company that operates the Moatize coal mine, in the central province of Tete, and the Nacala Logistics Corridor, in the north, has topped the list of the 100 largest companies in Mozambique.

In second place is the Mozal aluminium smelting plant, followed by electricity company Electricidade de Moçambique, in third place.

“The 100 largest companies in Mozambique” has been Mozambique’s main business publication since 1998 and is intended to promote transparency and to recognise excellence.

The minister of Industry and Trade, Ragendra de Sousa, speaking at the presentation ceremony of the study, said that it contributes to increased transparency in the business environment, providing the public with objective information about the performance of companies in the market. (macauhub)

Mozambique will have coastal freight services from the first quarter of 2020

Cabotage, or coastal freight, services in Mozambique will start in the first quarter of 2020 and will be provided by a company established under a public-private partnership, Transport and Communications Minister Carlos Mesquita said on Wednesday in Maputo.

A memorandum of understanding was signed in March 2018 between the state-owned Mozambican Maritime and River Transport Company (Transmarítima) and Peschaud Mozambique, a subsidiary of the French land, river, lake and maritime logistics group Peschaud et Cie International.

The minister said that the relaunch of coastal freight services in the country aims to diversify modes transport, and should have the immediate impact of reducing the cost of transporting products and, consequently, prices to the end consumer, according to Mozambican daily newspaper Notícias.

In the early 1980s, the government created the Mozambican shipping company Navique, which had a monopoly on cabotage cargo and had a fleet of 21 ships, for a coastline of approximately 2,700 kilometres.

With the end of the civil war in 1992 and the resumption of road traffic, there was a decrease in cargo in Mozambican ports along with a drop in the fleet due to ships being crapped but not replaced.

The minister was speaking at the first graduation ceremony of the College of Nautical Sciences, a higher education institution supervised by the Ministry of Transport and Communications, which trained 115 students in courses such as maritime navigation, maritime law, marine machine engineering, and port economics and management. (Macauhub)

Introduction of tolls on National Road 6 in Mozambique, postponed until 1 January 2020

Toll charges on National Road Number 6, which connects the Mozambican central port city of Beira to Machipanda, on the Zimbabwe border, will be reduced and their entry into force postponed to 1 January 2020, said the Mozambican Roads Fund.

From Beira to Machipanda, a 287-kilometre road, three tolls have been set up, ranging from 720 meticais (US$11.10) to 5,410 meticais (US$83.6), depending on the size and class of vehicles.

In the case of passenger transport, a car that has travelled along the entire Beira – Machipanda route would have to pay 1,500 meticais (US$23.20), an amount that, according to the daily newspaper O País, would put pressure on the accounts of the hauliers in the central provinces of Sofala and Manica.

Representatives of hauliers from the two provinces travelled to Maputo to work with the Road Fund to find a solution to the problem. The president of the Sofala Hauliers Association, Ernâni Silva, who also represented those from Manica, revealed that the meeting was positive and “will benefit both sides.”

If the postponement was immediately implemented, the new tolls on EN6 will have to be approved by the Council of Ministers, which also approved the initially contested ones.

National Road Number 6 acts as a corridor from the port of Beira to neighbouring landlocked countries, which explains the great movement of a variety of cargo trucks, including those loaded with fuel.

Costing US$410 million, financed by the China Export and Import Bank and the Government of Mozambique, the repair and enlargement works began on 1 April 2015, and the contract was awarded to Chinese company Anhui Foreign Economic Construction (Group) Co., Ltd. (Macauhub)

Coral Sul FLNG Project provides training for young people in Mozambique

Italian group ENI and other partners from the Rovuma basin Area 4 block, in northern Mozambique, will select a total of 800 young Mozambicans to undertake internships under the project known as Coral Sul FLNG, the group’s managing director said on Tuesday in Maputo.

Maurizio Lanzo, who was presenting a group of 19 young people recruited at Eduardo Mondlane University, recalled that the group gave 12 other young people the opportunity to benefit from an internship in South Korea.

The floating natural gas extraction and processing platform, better known as the Coral Sul FLNG, is being built in South Korea.

The platform, whose construction was awarded in May 2017 to a consortium formed by Samsung Heavy Industries, Technip of France and JGC of Japan, will be 439 metres long, 65 metres wide, have a draft of 38.5 metres and weigh 210,000 tonnes.

The Coral Sul project is the first project approved by the partners of the Area 4 block for the exploration of already discovered natural gas deposits, and production is expected to start in June 2022.

The Area 4 block’s partners are Mozambique Rovuma Ventures, a partnership owned by the ExxonMobil, ENI and China National Petroleum Corporation groups, which jointly control 70%, with the remaining 30% divided equally between Portuguese group Galp Energia, South Korea’s Kogas and the Mozambican state-owned Empresa Nacional de HIdrocarbonetos (ENH). (Macauhub)

NEWS

The government of Japan has donated US$59.0 million to Mozambique to finance the construction of a power plant in Nacala, in Nampula province, as well as four secondary schools in four districts of Zambézia province, reported the Mozambican press.

Daily newspaper Notícias reported that the legal documents to make the donation official were signed on Thursday in Maputo by the minister of Foreign Affairs and Cooperation, José Pacheco, and by the Ambassador of Japan in Mozambique, Toshio Ikeda.

The project for the Nacala power plant, budgeted to cost US$37.5 million, aims to improve the quality and capacity of energy supply, to contribute to the promotion of social and economic development in the region, as well as ensure the distribution of electricity in the Nacala Corridor.

The secondary schools project, with a cost estimated at US$21.3 million dollars, is essentially intended to increase access to secondary education in that province of Mozambique and improve the quality of education offered.

Speaking at the end of the ceremony to sign the documents, the minister of Foreign Affairs and Cooperation, José Pacheco, recalled some projects funded by Japan, highlighting, in the energy sector, the 110-megawatt combined cycle thermal power plant in Temane, in the southern province of Inhambane and the Gas-fired Thermoelectric Plant in the city of Maputo.

He also noted the strengthening of the power grid in the Nacala Corridor, the 1,200-megawatt thermoelectric plant, in the central province of Tete, as well as technical assistance to the master plan of state power company Electricidade de Moçambique (EDM).

The signing of the documents is within the framework of the plan of action of the 7th Tokyo International Conference on African Development (TICAD), held recently in Japan, under the motto “Advancing the development of Africa through people, technology and innovation.” (macauhub)

Mining mineral coal in Mucangadzi, Zumbo district, in the north of the central Mozambican province of Tete, will be re-launched starting next year, said the district administrator, Djone Manhoso.

The administrator also told daily Newspaper Notícias, that a group of businesspeople from Brazil and India had visited Mucangadzi in the first half of the year for meetings with the district government, community leaders and the population.

At the meetings, the investors made a general presentation of the objectives of the re-launch of coal mining in Mucangadzi, at a standstill since the 1980s due to the 1976-1992 civil war.

The newspaper also reported that coal production in Tete province fell by 21.9% in the first half of 2019, to 4.743 million tonnes, compared with 6.070 million tonnes in the same period of 2018.

The provincial director of Mineral Resources and Energy, Grácio Cune, told the newspaper that the drop was the result of the standstill of one of the fronts of Vale Moçambique and excessive rainfall in the first six months of 2019. (macauhub)

The United States federal government has approved a new funding programme for Mozambique for five years which aims to reduce poverty through specific investments that drive economic growth, said the Millennium Challenge Corporation (MCC).

“I am pleased to announce a new partnership with Mozambique for a new funding programme,” said the chief executive of the MCC, Sean Cairncross, in a statement on the MCC website.

MCC is a programme of the U.S. government that provides subsidies to developing countries for a specific period and which meet strict standards of “good governance” ranging from the fight against corruption to respecting for human rights.

Mozambique successfully completed its first MCC compact in September 2013 and has recently shown political improvements in its performance indicator, according to the statement published in Washington.

In the first programme, Mozambique received US$507 million, which was applied in various projects. (macauhub)

The Africa-China Agent is a new service intended to help entrepreneurs from Mozambique to establish contacts and communicate with Chinese suppliers and vendors, as well as manage the process of importing goods and services, said on Wednesday in Maputo, the manager of the Africa-China Banking clients of Standard Bank Moçambique.

Tanuja Viriato said that for the introduction of this new service the bank had a partnership with the Industrial and Commercial Bank of China, which will guarantee the transactions through a letter of credit issued by Standard Bank, which is intended to give importers enough time to receive and sell the goods prior to making the payment.

“With this service, we want to eliminate all barriers that our customers and entrepreneurs face today,” said Viriato, on the sidelines of the launch ceremony of the new platform, according to the Mozambican press.

The Economic and Commercial Counsellor of the Embassy of the People’s Republic of China, Liu Xiaoguang, said that trade relations between the United States and China were very good and beneficial for both countries, and added that with this new service Standard Bank will support Mozambican and Chinese companies to open their businesses and thus open up a world of possibilities for those entities that import goods and services from China.

The diplomat said that the new platform is an opportunity for companies to import, with greater safety and quality, goods produced in China, a country whose trade relationship with Mozambique this year has already exceeded more than US$2 billion. (macauhub)

Vale Moçambique, a subsidiary of Brazilian group Vale, was regarded as the largest company in Mozambique in 2018, according to a 2019 study by KPMG Auditores e Consultores.

This is the second consecutive year that the company that operates the Moatize coal mine, in the central province of Tete, and the Nacala Logistics Corridor, in the north, has topped the list of the 100 largest companies in Mozambique.

In second place is the Mozal aluminium smelting plant, followed by electricity company Electricidade de Moçambique, in third place.

“The 100 largest companies in Mozambique” has been Mozambique’s main business publication since 1998 and is intended to promote transparency and to recognise excellence.

The minister of Industry and Trade, Ragendra de Sousa, speaking at the presentation ceremony of the study, said that it contributes to increased transparency in the business environment, providing the public with objective information about the performance of companies in the market. (macauhub)

Cabotage, or coastal freight, services in Mozambique will start in the first quarter of 2020 and will be provided by a company established under a public-private partnership, Transport and Communications Minister Carlos Mesquita said on Wednesday in Maputo.

A memorandum of understanding was signed in March 2018 between the state-owned Mozambican Maritime and River Transport Company (Transmarítima) and Peschaud Mozambique, a subsidiary of the French land, river, lake and maritime logistics group Peschaud et Cie International.

The minister said that the relaunch of coastal freight services in the country aims to diversify modes transport, and should have the immediate impact of reducing the cost of transporting products and, consequently, prices to the end consumer, according to Mozambican daily newspaper Notícias.

In the early 1980s, the government created the Mozambican shipping company Navique, which had a monopoly on cabotage cargo and had a fleet of 21 ships, for a coastline of approximately 2,700 kilometres.

With the end of the civil war in 1992 and the resumption of road traffic, there was a decrease in cargo in Mozambican ports along with a drop in the fleet due to ships being crapped but not replaced.

The minister was speaking at the first graduation ceremony of the College of Nautical Sciences, a higher education institution supervised by the Ministry of Transport and Communications, which trained 115 students in courses such as maritime navigation, maritime law, marine machine engineering, and port economics and management. (Macauhub)

Toll charges on National Road Number 6, which connects the Mozambican central port city of Beira to Machipanda, on the Zimbabwe border, will be reduced and their entry into force postponed to 1 January 2020, said the Mozambican Roads Fund.

From Beira to Machipanda, a 287-kilometre road, three tolls have been set up, ranging from 720 meticais (US$11.10) to 5,410 meticais (US$83.6), depending on the size and class of vehicles.

In the case of passenger transport, a car that has travelled along the entire Beira – Machipanda route would have to pay 1,500 meticais (US$23.20), an amount that, according to the daily newspaper O País, would put pressure on the accounts of the hauliers in the central provinces of Sofala and Manica.

Representatives of hauliers from the two provinces travelled to Maputo to work with the Road Fund to find a solution to the problem. The president of the Sofala Hauliers Association, Ernâni Silva, who also represented those from Manica, revealed that the meeting was positive and “will benefit both sides.”

If the postponement was immediately implemented, the new tolls on EN6 will have to be approved by the Council of Ministers, which also approved the initially contested ones.

National Road Number 6 acts as a corridor from the port of Beira to neighbouring landlocked countries, which explains the great movement of a variety of cargo trucks, including those loaded with fuel.

Costing US$410 million, financed by the China Export and Import Bank and the Government of Mozambique, the repair and enlargement works began on 1 April 2015, and the contract was awarded to Chinese company Anhui Foreign Economic Construction (Group) Co., Ltd. (Macauhub)

Italian group ENI and other partners from the Rovuma basin Area 4 block, in northern Mozambique, will select a total of 800 young Mozambicans to undertake internships under the project known as Coral Sul FLNG, the group’s managing director said on Tuesday in Maputo.

Maurizio Lanzo, who was presenting a group of 19 young people recruited at Eduardo Mondlane University, recalled that the group gave 12 other young people the opportunity to benefit from an internship in South Korea.

The floating natural gas extraction and processing platform, better known as the Coral Sul FLNG, is being built in South Korea.

The platform, whose construction was awarded in May 2017 to a consortium formed by Samsung Heavy Industries, Technip of France and JGC of Japan, will be 439 metres long, 65 metres wide, have a draft of 38.5 metres and weigh 210,000 tonnes.

The Coral Sul project is the first project approved by the partners of the Area 4 block for the exploration of already discovered natural gas deposits, and production is expected to start in June 2022.

The Area 4 block’s partners are Mozambique Rovuma Ventures, a partnership owned by the ExxonMobil, ENI and China National Petroleum Corporation groups, which jointly control 70%, with the remaining 30% divided equally between Portuguese group Galp Energia, South Korea’s Kogas and the Mozambican state-owned Empresa Nacional de HIdrocarbonetos (ENH). (Macauhub)

rfwbs-sliderfwbs-sliderfwbs-sliderfwbs-sliderfwbs-sliderfwbs-slide