NEWS

23rd MIF and 2018 PLPEX conclude with the signing of 75 protocols

The 23rd Macau International Fair and the Exhibition of Products and Services of Portuguese-speaking Countries 2018 (Macau) ended on 20 October with the signing of 75 protocols, the Macau Trade and Investment Promotion Institute (IPIM) reported.

The protocols signed over the three days of the events cover cooperation projects between governments and associations in the areas of conventions and exhibitions, cross-border e-commerce, tourism, cultural and creative industry, agriculture, environmental protection technology, promotion and representation of products.

The statement issued by IPIM said the two exhibitions served as a platform for promotion and exposure, as well as communication and exchange, for companies from Mainland China, Portuguese-speaking countries, countries along the “Belt and Road” initiative and from the rest of the world, helping them to “attract capital from abroad” and to expand abroad.

The 2018 theme of the MIF edition was “Key Cooperation for Business Opportunities” and occupied an area of ​​24,000 square metres, with over 1,500 exhibition stands.

The area of this year’s PLPEX increased to more than 6,000 square metres and was attended by companies from the eight Portuguese-speaking countries and Portuguese-speaking products and services agents from Mainland China, Hong Kong and Macau.

The two events helped companies gain access to development opportunities in the construction of the “Belt and Road” and the Guangdong-Hong Kong-Macau Greater Bay, allowing them to take advantage of the opportunities created by the role of Macau as a Sino-Portuguese platform to explore business opportunities.

The Macau Trade and Investment Promotion Institute also said the 24th MIF and PLPEX 2019 will be held from 17 to 19 October 2019. (macauhub)

Turkey leads foreign investment in Mozambique in the first half of 2018

Mozambique received US$193.1 million in foreign direct investment (FDI) in the first half of 2018, with Turkey, with more than US$70 million, leading the list of the 10 largest investors, according to official figures.

Transport, communications, industry and construction were the areas that received Turkish investment in the first six months of 2018, and this funding was applied to projects in the city and province of Maputo.

Figures from the Investment and Export Promotion Agency (Apiex), quoted by Mozambican newspaper O País, showed that China, the country’s largest economic partner, was in second place, followed by Mauritius.

Portugal, the only Portuguese-speaking country on Apiex’s list, came in fifth.

The province and city of Maputo were the main recipients of foreign direct investment in the period under review, with US$148.5 million, which financed a total of 62 projects.

Adding domestic direct investment to foreign investment brings the total to US$550 million in the first half of 2018, according to Apiex.

The Maputo and Ankara authorities signed a cooperation agreement in April 2017 for the construction of 5,000 houses in the Zimpeto neighbourhood outside the Mozambican capital by 2022, with the delivery of the first keys scheduled for this year. (macauhub)

Indian group due in 2019 to start exploration of mining concession granted in 2014

Sol Mineração Moçambique, a subsidiary of India’s Sunflag group, plans to start coal mining in the central Tete province in 2019, according to Radio Moçambique.

The radio station added that the company will operate in the Mutarara district, where it has a concession of 4,000 hectares, and the coal to be extracted will be exported to the Indian market.

The Mutarara district administration also told Radio Moçambique that the concession granted to the company contains gold, in addition to coal, which is currently being mined by artisanal miners from Malawi and the Democratic Republic of Congo.

In August 2014, the then Minister of Mineral Resources Esperança Bias announced that Indian group Sunflag intended to invest US$222 million in the Mutarara coal mine.

At the signing of the contract, the minister said the concession granted to the Indian group was valid for 25 years and “is a testament to the confidence foreign investors have in the economic and business potential of Mozambique.”

Ravibhusan Bhardwej, managing director of Sol Mineração Moçambique, said feasibility studies revealed the presence of 115.46 million tons of coal, of which only 44.9 million tons could be sold, including 17.3 million tons of coking coal and 27.6 million tons of thermal coal.

The group’s main production unit is Sunflag Iron and Steel Co. Ltd. which has a steelworks in Bhandara, Maharashtra, where it produces 360,000 tons of high quality special steels annually. (macauhub)

Mozambique attends Macau International Fair (MIF) to deepen cooperation

The Mozambican ambassador to China, Maria Gustava said that the Macau International Fair (MIF), which opened on Thursday, is an ideal opportunity for China and Portuguese-speaking countries to deepen their friendship and cooperation as well as knowledge of the potential and economic, financial and investment opportunities in China and in each member country of the Macau platform.

“The prominence of Mozambique as a partner country in the 23rd edition of MIF, has a very important meaning, in the context of Mozambique’s political, economic and socio-cultural aspects, as well as the business and investment opportunity it represents,” the diplomat told Macauhub.

Mozambique is attending MIF with a delegation led by Ragendra de Sousa, Minister of Industry and Trade, which includes prominent members from a variety of sectors and segments of Mozambican society, ranging from entrepreneurs, writers, painters, artists and craftspeople, chefs and exhibitors.

Gustava said she was convinced, “the work to be carried out by the delegation of Mozambique in this event will certainly contribute to the deepening of knowledge about the reality and potential that the country offers in terms of business and investment for Chinese entrepreneurs and also for the entrepreneurs of the Portuguese speaking sister countries.”

During an Investment and Trade Forum with the participation of Mozambique, hosted by the Chinese province of Fujian and Macau, which will take place on Thursday, the Mozambican Minister of Industry and Trade is due to present business opportunities in Mozambique.

Zhang Zhinan, deputy governor of Fujian and Leong Vai Tac, Secretary for Economy and Finance of Macau, will also address the role of the Special Administrative Region as a platform between China and Portuguese-speaking countries.

In the same session the investment climate in Mozambique, Fujian and Macau will be addressed in speeches by Jackson Chang, President of the Macau Trade and Investment Promotion Institute (IPIM), Wu Nanxiang, Director General of the Fujian Department of Commerce and Lourenço Sambo, Director General of the Agency for the Promotion of Investment and Exports of Mozambique (APIEX). (macauhub)

Mozambique invests US$34 billion in electric power production

The Mozambican government has approved the Integrated Electricity Infrastructure Master Plan valued at more than US$34 billion, of which US$18 billion is expected to be invested in electricity generation infrastructure.

The plan also establishes that US$9 billion will be used to finance the construction of power transmission infrastructure, with Tete-Maputo as the main backbone of the system, and US$7 billion will be invested in electricity distribution.

Based on this plan, by 2043 Mozambique will have the capacity to produce 17,720 MW.

Mozambique requires 8,000 MW for its current domestic consumption needs.

The demand for power for export is also expected to grow to around 7,000 MW, against the current 1,500 MW.

According to Mozambican daily newspaper O País, power production in Mozambique is expected to grow at two different stages.

The first will be from 2018 to 2028, which will include the interconnection of the electrical systems that will allow the production of about 3,400 MW.

The second stage will be from 2028 to 2043, which will be based on the interconnection of the electrical systems through interchange, allowing for the production of 12,000 MW.

The government intends that by 2030 all Mozambicans will have access to electricity.

To reach these targets by 2020, more than 2 million new home connections are needed, the total of which is expected to increase to 7.6 million in 2030 and more than 9.4 million in 2040. (macauhub)

Consortium led by Italy’s Eni plans to invest more than US$280 million in Mozambique

Italy’s Eni and South Africa’s Sasol on Wednesday signed contracts with the Mozambican government to grant contracts for three blocks for oil and natural gas prospecting and exploration.

The two oil companies set up a consortium to explore two blocks at Temane and Pande in Inhambane province in southern Mozambique.

The signing of the contracts marks the end of the negotiations between the multinationals and the Government that lasted about four years.

“With these contracts, all the conditions for the start of hydrocarbon research in the PT-5C and A5-A areas have already been created, with minimum investment of US$203 million from Eni and US$80 million from Sasol,” said Max Tonela, Minister of Mineral Resources and Energy.

The minister recalled that the investments will be made over a period of eight years (term set by Mozambican oil legislation for the research phase), renewable up to a maximum of 30 years.

Stefano Cabonara, director of Eni, one of the multinationals awarded a block in Angoche and which leads the consortium in the Temane and Pande blocks, publicly noted the company’s strong presence in Mozambique, which began in 2006 with the acquisition of a stake in the oil block of area 4, in the Rovuma Basin. (macauhub)

Japan’s Tohoku Electric buys natural gas from Mozambique

Japanese company Tohoku Electric announced that it has reached an agreement for the purchase and sale of up to 280,000 tonnes of liquefied natural gas (LNG) per year, explored by an Anadarko-led consortium in the Rovuma basin in the northern province of Cabo Delgado. Mozambique.

The contract provides for the purchase and sale of LNG extracted by Anadarko in Area 1 for 15 years.

Gas exploration operations are expected to start in the area in 2020.

Tohoku Electric, which is based in Sendai, believes that the supply of LNG will help diversify its energy sources.

Anadarko and its partners, including Mozambican state oil company Empresa Nacional de Hidrocarbonetos (ENH), discovered more than 75 Tcf (trillion cubic feet) of natural gas at the Prosperidade and Golfinho/Atum fields in Area 1.

The Area 1 block is operated by Anadarko Mozambique Area 1, Ltd, a wholly-owned subsidiary of the Anadarko Petroleum group, with a 26.5% stake, ENH Rovuma Area One, a subsidiary of state-owned Empresa Nacional de Hidrocarbonetos (ENH), with 15%, Mitsui E&P Mozambique Area1 Ltd. (20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Limited (8.5%).

The gas extracted from these areas will be sent to an LNG terminal on the Afungi peninsula, in the province of Cabo Delgado.

This is Tohoku’s first long-term agreement, as well as its first agreement in Africa. (macauhub)

Malawi to receive power from Mozambique

The Deputy Minister of Natural Resources and Energy of Mozambique, Augusto Fernando, has revealed that Mozambique and Malawi will be connected through the national energy grid, the APA news agency reported.

 

Fernando said that tenders for the construction of the structures linking Mozambique’s power supply system to Malawi should be launched in 2019.

 

 

“In addition to this interconnection between the two countries a new power line will also be installed from Malawi to the north of the province of Nampula and then to the rest of Mozambique,” said Fernando.

 

The connection between Mozambique and Malawi is based on a Memorandum of Understanding signed between Maputo and Lilongwe Governments.

 

“The power transmission lines start at the Matambo substation in Tete, go through Zobue in the Moatize district, towards the city of Blantyre.

 

According to the Mozambican deputy minister, Malawi will also import energy from the Mandimba power plant in Niassa province in northern Mozambique.

 

Malawi has serious power supply problem and most of the country’s supply comes from hydroelectric power stations on the Shire River, which provide less than 300 megawatts. (macauhub)

 

NEWS

The 23rd Macau International Fair and the Exhibition of Products and Services of Portuguese-speaking Countries 2018 (Macau) ended on 20 October with the signing of 75 protocols, the Macau Trade and Investment Promotion Institute (IPIM) reported.

The protocols signed over the three days of the events cover cooperation projects between governments and associations in the areas of conventions and exhibitions, cross-border e-commerce, tourism, cultural and creative industry, agriculture, environmental protection technology, promotion and representation of products.

The statement issued by IPIM said the two exhibitions served as a platform for promotion and exposure, as well as communication and exchange, for companies from Mainland China, Portuguese-speaking countries, countries along the “Belt and Road” initiative and from the rest of the world, helping them to “attract capital from abroad” and to expand abroad.

The 2018 theme of the MIF edition was “Key Cooperation for Business Opportunities” and occupied an area of ​​24,000 square metres, with over 1,500 exhibition stands.

The area of this year’s PLPEX increased to more than 6,000 square metres and was attended by companies from the eight Portuguese-speaking countries and Portuguese-speaking products and services agents from Mainland China, Hong Kong and Macau.

The two events helped companies gain access to development opportunities in the construction of the “Belt and Road” and the Guangdong-Hong Kong-Macau Greater Bay, allowing them to take advantage of the opportunities created by the role of Macau as a Sino-Portuguese platform to explore business opportunities.

The Macau Trade and Investment Promotion Institute also said the 24th MIF and PLPEX 2019 will be held from 17 to 19 October 2019. (macauhub)

Mozambique received US$193.1 million in foreign direct investment (FDI) in the first half of 2018, with Turkey, with more than US$70 million, leading the list of the 10 largest investors, according to official figures.

Transport, communications, industry and construction were the areas that received Turkish investment in the first six months of 2018, and this funding was applied to projects in the city and province of Maputo.

Figures from the Investment and Export Promotion Agency (Apiex), quoted by Mozambican newspaper O País, showed that China, the country’s largest economic partner, was in second place, followed by Mauritius.

Portugal, the only Portuguese-speaking country on Apiex’s list, came in fifth.

The province and city of Maputo were the main recipients of foreign direct investment in the period under review, with US$148.5 million, which financed a total of 62 projects.

Adding domestic direct investment to foreign investment brings the total to US$550 million in the first half of 2018, according to Apiex.

The Maputo and Ankara authorities signed a cooperation agreement in April 2017 for the construction of 5,000 houses in the Zimpeto neighbourhood outside the Mozambican capital by 2022, with the delivery of the first keys scheduled for this year. (macauhub)

Sol Mineração Moçambique, a subsidiary of India’s Sunflag group, plans to start coal mining in the central Tete province in 2019, according to Radio Moçambique.

The radio station added that the company will operate in the Mutarara district, where it has a concession of 4,000 hectares, and the coal to be extracted will be exported to the Indian market.

The Mutarara district administration also told Radio Moçambique that the concession granted to the company contains gold, in addition to coal, which is currently being mined by artisanal miners from Malawi and the Democratic Republic of Congo.

In August 2014, the then Minister of Mineral Resources Esperança Bias announced that Indian group Sunflag intended to invest US$222 million in the Mutarara coal mine.

At the signing of the contract, the minister said the concession granted to the Indian group was valid for 25 years and “is a testament to the confidence foreign investors have in the economic and business potential of Mozambique.”

Ravibhusan Bhardwej, managing director of Sol Mineração Moçambique, said feasibility studies revealed the presence of 115.46 million tons of coal, of which only 44.9 million tons could be sold, including 17.3 million tons of coking coal and 27.6 million tons of thermal coal.

The group’s main production unit is Sunflag Iron and Steel Co. Ltd. which has a steelworks in Bhandara, Maharashtra, where it produces 360,000 tons of high quality special steels annually. (macauhub)

The Mozambican ambassador to China, Maria Gustava said that the Macau International Fair (MIF), which opened on Thursday, is an ideal opportunity for China and Portuguese-speaking countries to deepen their friendship and cooperation as well as knowledge of the potential and economic, financial and investment opportunities in China and in each member country of the Macau platform.

“The prominence of Mozambique as a partner country in the 23rd edition of MIF, has a very important meaning, in the context of Mozambique’s political, economic and socio-cultural aspects, as well as the business and investment opportunity it represents,” the diplomat told Macauhub.

Mozambique is attending MIF with a delegation led by Ragendra de Sousa, Minister of Industry and Trade, which includes prominent members from a variety of sectors and segments of Mozambican society, ranging from entrepreneurs, writers, painters, artists and craftspeople, chefs and exhibitors.

Gustava said she was convinced, “the work to be carried out by the delegation of Mozambique in this event will certainly contribute to the deepening of knowledge about the reality and potential that the country offers in terms of business and investment for Chinese entrepreneurs and also for the entrepreneurs of the Portuguese speaking sister countries.”

During an Investment and Trade Forum with the participation of Mozambique, hosted by the Chinese province of Fujian and Macau, which will take place on Thursday, the Mozambican Minister of Industry and Trade is due to present business opportunities in Mozambique.

Zhang Zhinan, deputy governor of Fujian and Leong Vai Tac, Secretary for Economy and Finance of Macau, will also address the role of the Special Administrative Region as a platform between China and Portuguese-speaking countries.

In the same session the investment climate in Mozambique, Fujian and Macau will be addressed in speeches by Jackson Chang, President of the Macau Trade and Investment Promotion Institute (IPIM), Wu Nanxiang, Director General of the Fujian Department of Commerce and Lourenço Sambo, Director General of the Agency for the Promotion of Investment and Exports of Mozambique (APIEX). (macauhub)

The Mozambican government has approved the Integrated Electricity Infrastructure Master Plan valued at more than US$34 billion, of which US$18 billion is expected to be invested in electricity generation infrastructure.

The plan also establishes that US$9 billion will be used to finance the construction of power transmission infrastructure, with Tete-Maputo as the main backbone of the system, and US$7 billion will be invested in electricity distribution.

Based on this plan, by 2043 Mozambique will have the capacity to produce 17,720 MW.

Mozambique requires 8,000 MW for its current domestic consumption needs.

The demand for power for export is also expected to grow to around 7,000 MW, against the current 1,500 MW.

According to Mozambican daily newspaper O País, power production in Mozambique is expected to grow at two different stages.

The first will be from 2018 to 2028, which will include the interconnection of the electrical systems that will allow the production of about 3,400 MW.

The second stage will be from 2028 to 2043, which will be based on the interconnection of the electrical systems through interchange, allowing for the production of 12,000 MW.

The government intends that by 2030 all Mozambicans will have access to electricity.

To reach these targets by 2020, more than 2 million new home connections are needed, the total of which is expected to increase to 7.6 million in 2030 and more than 9.4 million in 2040. (macauhub)

Italy’s Eni and South Africa’s Sasol on Wednesday signed contracts with the Mozambican government to grant contracts for three blocks for oil and natural gas prospecting and exploration.

The two oil companies set up a consortium to explore two blocks at Temane and Pande in Inhambane province in southern Mozambique.

The signing of the contracts marks the end of the negotiations between the multinationals and the Government that lasted about four years.

“With these contracts, all the conditions for the start of hydrocarbon research in the PT-5C and A5-A areas have already been created, with minimum investment of US$203 million from Eni and US$80 million from Sasol,” said Max Tonela, Minister of Mineral Resources and Energy.

The minister recalled that the investments will be made over a period of eight years (term set by Mozambican oil legislation for the research phase), renewable up to a maximum of 30 years.

Stefano Cabonara, director of Eni, one of the multinationals awarded a block in Angoche and which leads the consortium in the Temane and Pande blocks, publicly noted the company’s strong presence in Mozambique, which began in 2006 with the acquisition of a stake in the oil block of area 4, in the Rovuma Basin. (macauhub)

Japanese company Tohoku Electric announced that it has reached an agreement for the purchase and sale of up to 280,000 tonnes of liquefied natural gas (LNG) per year, explored by an Anadarko-led consortium in the Rovuma basin in the northern province of Cabo Delgado. Mozambique.

The contract provides for the purchase and sale of LNG extracted by Anadarko in Area 1 for 15 years.

Gas exploration operations are expected to start in the area in 2020.

Tohoku Electric, which is based in Sendai, believes that the supply of LNG will help diversify its energy sources.

Anadarko and its partners, including Mozambican state oil company Empresa Nacional de Hidrocarbonetos (ENH), discovered more than 75 Tcf (trillion cubic feet) of natural gas at the Prosperidade and Golfinho/Atum fields in Area 1.

The Area 1 block is operated by Anadarko Mozambique Area 1, Ltd, a wholly-owned subsidiary of the Anadarko Petroleum group, with a 26.5% stake, ENH Rovuma Area One, a subsidiary of state-owned Empresa Nacional de Hidrocarbonetos (ENH), with 15%, Mitsui E&P Mozambique Area1 Ltd. (20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Limited (8.5%).

The gas extracted from these areas will be sent to an LNG terminal on the Afungi peninsula, in the province of Cabo Delgado.

This is Tohoku’s first long-term agreement, as well as its first agreement in Africa. (macauhub)

The Deputy Minister of Natural Resources and Energy of Mozambique, Augusto Fernando, has revealed that Mozambique and Malawi will be connected through the national energy grid, the APA news agency reported.

 

Fernando said that tenders for the construction of the structures linking Mozambique’s power supply system to Malawi should be launched in 2019.

 

 

“In addition to this interconnection between the two countries a new power line will also be installed from Malawi to the north of the province of Nampula and then to the rest of Mozambique,” said Fernando.

 

The connection between Mozambique and Malawi is based on a Memorandum of Understanding signed between Maputo and Lilongwe Governments.

 

“The power transmission lines start at the Matambo substation in Tete, go through Zobue in the Moatize district, towards the city of Blantyre.

 

According to the Mozambican deputy minister, Malawi will also import energy from the Mandimba power plant in Niassa province in northern Mozambique.

 

Malawi has serious power supply problem and most of the country’s supply comes from hydroelectric power stations on the Shire River, which provide less than 300 megawatts. (macauhub)

 

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