Wärtsilä is a global technology group that has a lot of experience with African energy markets. In their study, they looked at two separate scenarios for expanding the Mozambican power system. The aim was to assess the financial and environmental impact of one key parameter: how much renewable energy capacity should be built in each […]
Category Archives: Mozambique News
Mozambique News
Energy, Mozambique News, Nigeria News, South Africa News
COP27: A unique opportunity to set the stage for Africa’s future in clean energy, according to Wärtsilä report
The climate change conference COP27 offers a unique opportunity to increase energy access and lay the foundations for decarbonisation across Africa, but wealthy nations must deliver on their climate finance pledges to unlock the continent’s potential, according to a new report. ‘Pathways for Africa’s Energy Future,’ a report from the technology group Wärtsilä, provides power system […]
Energy, Mozambique News
Total focus on renewables and gas is the cheapest way to meet Mozambique’s new electricity demand
Oped by Wallace Manyara, Business Development Manager, Region South & East Africa, Wärtsilä Energy To meet its growing energy needs and increase electricity access across the population, Mozambique must build 1.3 GW of new power capacity over the next decade. A further 2 GW would be needed to support the planned development of the Beluluane […]
By Lerisha Naidu, Partner, Angelo Tzarevski, Associate Director, Sphesihle Nxumalo, Associate and Zareenah Rasool, Associate, Competition & Antitrust Practice, Baker McKenzie Johannesburg Baker McKenzie’s latest Africa Competition Report 2022 provides a detailed analysis and overview of recent developments in competition law enforcement and competition policy in 32 African jurisdictions and regional bodies. The Report outlines how, over […]
Leading transport event tackles the key challenges of inter-Africa trade expansion In 2021, the Port of Maputo achieved a new handling record of 22.2 million tons, representing 21% year-on-year growth compared to the previous year’s handling volume of 18.3 million tons. A reflection of a post-Covid market recovery, Mozambique’s Maputo Port Development Company (MPDC) CEO Osório […]
By Angelo Tzarevski, Associate Director, and Zareenah Rasool, Candidate Attorney, Competition & Antitrust Practice, Baker McKenzie Johannesburg Competition policy continues to be viewed by regulators as a key driver of economic growth globally. Across Africa, competition policy enforcement is increasingly being employed as a tool to boost economic performance and promote the revitalization of trade […]
Africa’s leading banks including EcoBank, Nedbank, Attijariwafa Bank, United Bank of Africa, Co-operative Bank of Kenya and Banco Mais are tapping into IBM technologies to help advance financial inclusion across the continent IBM today announced that major financial institutions across Africa have selected hybrid cloud and AI capabilities from IBM to unlock digital innovation and continue […]
By African Energy Chamber We are disappointed about Total’s recent decision to declare force majeure on its Mozambique LNG Project. While the African Energy Chamber stands in solidarity with Mozambique and Total and all energy investors, we believe the declaration of force majeure could have been prevented and comes prematurely. We encourage all parties involved […]
A recent uptick in direct investment activities in Africa’s energy sector sheds light on the role of sustained investor interest in catalyzing socio-economic growth. In the past twelve months, the African energy sector has seen several encouraging developments – in the form of both Foreign Direct Investment (FDI) and strategic partnerships – that have advanced […]
Air France announces today that it will be expanding its operations on the African continent with increased frequency of flights between Paris-Charles de Gaulle and Johannesburg, and a brand-new route to Maputo, Mozambique from 20 June 2021. The flight to Maputo will be a continuation of the Johannesburg flight. Wouter Vermeulen, General Manager Southern Africa Air France-KLM, affirms that Air France remains strongly committed to […]
By Fhedzi Modau, Mozambique Country Manager, Wartsila Energy Business With its massive gas reserves and billions of dollars of investment flowing in to monetize them, Mozambique has a unique opportunity to deploy a flexible power strategy that will bring major benefits across both its domestic and regional electricity markets. Countries across Southern Africa have established […]
African Energy producers and the governments are facing an unprecedented economic crisis due to the Coronavirus, unemployment, recession, and energy poverty and energy transition concerns. The African Energy Chamber’s Road to Recovery: How the African energy industry can reshape itself for a post-COVID comeback offers a commonsense strategy for the public and the private sector […]
Ethiopia News, Ghana News, Kenya News, Main, Mauritius News, Mozambique News, Nigeria News, South Africa News
Deal making slows across Africa but post-pandemic opportunities look interesting
Deal making activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value compared to 2019. As the continent gears up for post-pandemic recovery in 2021, the opportunities presented by free […]
I won’t sugarcoat it: The situation in Mozambique’s northern Cabo Delgado province is dire. Armed conflicts between security forces and the militant Islamic group, Ahlu Sunnah Wa-Jamo (ASWJ), known locally as “al-Shabab” even though it has no connections to the Somali group with that name, have left dozens of people dead and displaced thousands since […]
Energy, Mozambique News
Mozambique LNG Project Could Be Transformational for Mozambique — If Western Environmentalists Don’t Interfere
By NJ Ayuk, Executive Chairman, African Energy Chamber When Anadarko Petroleum Corp. confirmed last year it would be constructing a $20 billion liquified natural gas (LNG) plant in Mozambique, this was major news. Mozambique’s first onshore LNG plant would be creating tens of thousands of jobs — and contributing to sustainable, long-term economic growth that […]
Ghana News, Kenya News, Mauritius News, Mozambique News, Namibia News, Nigeria News, Real Estate, South Africa News, Uganda News, Zambia News
Broll Property Intel releases a COVID-19 Africa Report; an overview of the status-quo of the retail, office and industrial property market as at 30 June 2020. Commercial property e-auctions have revolutionised the commercial property market
As African governments continue to grapple with the impacts created by the coronavirus pandemic, the need to emerge from this difficult period puts pressure on businesses and industries to strengthen their recovery and swing dismal GDP figures. Experiences vary, dependent on lockdown restrictions, which are aligned to the ever-changing number of casualties and recoveries of […]
African News, Kenya News, Main, Mozambique News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), South Africa News
More than three-quarters of polled Africans report income falls on COVID-19. Informal and low-income earners hit hardest as unemployment surges in Ivory Coast, Kenya, Mozambique, Nigeria, and South Africa
A five-nation survey by GeoPoll in Sub-Saharan Africa has found that 60 per cent of those employed prior to the COVID-19 pandemic have not been able to work as a result of the outbreak, and nearly half of those are unsure if they will have jobs to go back to. An even larger proportion, at […]
Federal prosecutors in Brooklyn issued a four-count indictment of a Lebanese business executive nearly a year ago. The U.S. Department of Justice months later would trumpet the charges as a blockbuster case in which foreign corruption victimized U.S. investors. The government’s press release suggested it had nailed African officials, high-flying investment bankers and a Middle Eastern boat […]
African News, Business, Egypt News, Ethiopia News, Gambia News, Main, Morocco News, Mozambique News, South Africa News, Zambia News, Zimbabwe News
The growth of competition laws and enforcement in Africa
By Lerisha Naidu, Partner, and Angelo Tzarevski, Senior Associate, Competition & Antitrust Practice, Baker McKenzie Johannesburg African competition law on the continent is the subject of notable growth. An increasing number of jurisdictions have adopted laws and regulations, established authorities, secured membership to regional antitrust regimes and ramped-up enforcement of suspected violations of prevailing competition […]
The Sub-Saharan Africa market may seem daunting and complex for the first – time investor or developer. Added to this is the era of prolific fake news, misperceptions and conflicting reports. So how does an investor or developer interested in pursuing investments in this market, make an informed and strategically sound decision? Broll Property Intel’s […]
By Tom Sheehy The next several months will be critical for Mozambique. A peace agreement signed in August between Frelimo and Renamo, its ruling and opposition parties, has set the stage for national elections on October 15. “Free and fair elections,” with results accepted by all, would bolster national reconciliation in this fragile country and […]
Energy, Green Energy, Mozambique News
Fenix International to Launch Off-Grid Solar in Mozambique in partnership with leading operator Vodacom
Launching sales in Mozambique is the latest step in Fenix’s expansion Fenix International (https://www.FenixIntl.com/), a next-generation energy company and subsidiary of ENGIE (https://www.ENGIE.com), opens its sixth market in Mozambique, where it expects to reach 200,000 households with clean energy and inclusive financial services within 3 years. Launching sales in Mozambique is the latest step in […]