Monday, December 9African Digital Business Magazine

Mozambique News

Mozambique News

Energy, Mozambique News

Total’s Force Majeure declaration on Mozambique LNG is a call for dialogue and a global firewall against terrorism

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 to have a better and more open conversation to find a practical and pragmatic commonsense solution for the force majeure event to cease and for the project to resume, for the benefit not only of Total, but also of international and local companies, and especially for Mozambique’s people. Force majeure is recognized under the Mozambique Petroleum Law, which provides that “petroleum operations rights holders may lawfully suspend perf...
Energy, Mozambique News, Senegal News, Tanzania News, Uganda News

African Energy Developments Demand Sustained Investment with new projects in Mozambique, Tanzania, Uganda, and Senegal

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 the sustainable development of its natural resources. In fact, despite a global downturn in investment in 2020, FDI flows to developing economies accounted for 72% of global FDI, the highest share to date. Given the magnitude of Africa’s oil and gas reserves – not to mention its abundant renewable resource wealth – the continent remains a highly attractive market for inbound investment, which is vital for its growth. Take Ugan...
Africa Travel, African News, Mozambique News, South Africa News, travel

Air France extends its operations in Africa as it launches a new route to Maputo and increases frequency

 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 Africa as a strategic asset in their global network. “Air France is very pleased to announce that we will increase our flights to Johannesburg again and add Maputo to our network starting from June. In recent years, Mozambique has emerged as an important business destination, due to its rich natural energy reserves. We will connect Maputo to all major cities i...
Energy, Green Energy, Mozambique News

Mozambique holds the key to Southern Africa’s clean energy transition

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 ambitious targets to increase access to affordable, reliable, and sustainable energy by 2030. Renewables, especially solar photovoltaic (PV), are expected to account for three quarters of the increase (IEA – Africa Energy Outlook 2019). However, the intermittent nature of renewables places great strain upon existing power grids. Both national and regional grids will require significant flexible power generation to cou...
Energy, Green Energy, Mozambique News

Energy Industry will be the bedrock of Africa’s Road to Recovery

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 from leading industry experts. It calls on all of us to take bold actions when it comes to job creation and opportunities that get people back to work, build infrastructure, capitalize on AFCTA and diversify our economies. We understand that we have an obligation as an energy sector to build and support African economies that attract investment and position our continent, its people and investors for prosperity. It...
Deal making slows across Africa but post-pandemic opportunities look interesting
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 trade across the continent, foreign investment opportunities due to new partnerships and trade relationships, as well as the post-pandemic focus on technology, healthcare and renewable energy, will be key factors in attracting valuable mergers and acquisition (M&A) activity to the region. Further, South Africa’s deal volume and value both dropped in 2020, with the industrials and healthcare sector attracting the biggest investments. Ghana stood out as a country that...
Main, Mozambique News

Ending Violence in Mozambique Will Require United Effort; African Energy Chamber Stands Ready to Assist

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 last fall. The violence is not new: The insurgents have been mounting brutal attacks within Cabo Delgado since 2017. Some argue that these brutal incidents are a response to poverty and feelings of marginalization among the residents of the province. Others claim ASWJ is motivated by a desire to control the region’s vast natural gas and mineral resources. Government leaders have blamed global jihadism. Any certainly, many of these factors hav...
Why is America involved in the Mozambique “tuna scandal”?
Main, Mozambique News

Why is America involved in the Mozambique “tuna scandal”?

If you do business globally as a multinational company, employee or consultant, you might wish to follow the convoluted U.S. legal case against Lebanese ship salesman Jean Boustani. Boustani was the chief sales executive of a global shipbuilding company, Privinvest, based in the Middle East with operating shipyards in France, Germany and elsewhere. Privinvest has built vessels and systems for about 40 navies to protect their waters. In 2012, when the Mozambique government launched a series of maritime projects to build a tuna fishing fleet, shipyard facilities and a coastal navy to protect its waters, Boustani helped Privinvest win the contracts. But after Privinvest delivered the vessels and systems, Mozambique abandoned the projects, defaulted on $2 billion in debt financing and was accu...
Friday@Noon on Agriculture in Africa – 2018
Agriculture, Angola News, Democratic Republic of the Congo, Ethiopia News, Ghana News, Kenya News, Mozambique News, Nigeria News, Rwanda News, South Africa News, South Sudan, Tanzania News, Uganda News, Zimbabwe News

Friday@Noon on Agriculture in Africa – 2018

by Johan Burger This paper addresses events and trends in the agriculture sector in Africa for 2018. It is based on the media articles addressed in the Friday@Noon weekly newsletters of the NTU-SBF Centre for African Studies in Singapore. These are by no means meant to constitute an exhaustive list of developments. General Agriculture in Africa has been identified as a sector with the capacity to stimulate economic growth on the continent. What is necessary, is the industrialization of the sector, with a strong focus on improving the inputs, e.g. better quality seeds, fertiliser, irrigation and modern farming techniques. Transforming the sector into a lucrative one, is an important step to convince various stakeholders to see farming as a good business opportunity. The industrialisation of...
Ethiopia News, Main, Mozambique News, South Africa News, Sudan News, Tanzania News

Friday@Noon on Mining in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. Various mining initiatives and challenges occurred during 2018. Below is a snapshot of some of it. This is by no means an exhaustive list. Tanzania Tanzania wants to take more of the profits from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector. It adopted new regulations, which now make it compulsory for foreign-owned mining groups to offer shares to the government and local companies. A contractor, sub-contractor, mining company or other allied entity must maintain a bank account with an indigenous Tanzanian bank and transact business through banks in the country. The in...