Tuesday, November 19African Digital Business Magazine

Tag: Mozambique

15Oct By Africa BusinessNo Comments
Energy, Mozambique News

Innovating Mozambique’s Energy System Through Technical Capacity Enablement

According to a recent McKinsey report, global energy demand is projected to rise substantially, potentially increasing by up to 18% by 2050, largely driven by emerging economies, including Africa. Despite this growth, per capita energy consumption in these regions is expected to stay below that of developed markets due to ongoing energy efficiency initiatives. Additionally, technological advancements, including AI and the expansion of data centres, are anticipated to play a major role in fuelling the global increase in energy demand. Mozambique has the largest power generation potential of all Southern African countries, with the capacity to generate 187 GW of power from coal, hydro, gas, solar, wind, and other renewable sources, according to Deloitte’s Africa Energy Outlook Report 2024. ...
Read More
19Sep By Africa BusinessNo Comments
Business, Mozambique News

The role of insurance in bridging financial exclusion in Mozambique

Hollard, a leading Pan-African insurer, is bucking traditional marketing trends by using unconventional methods to drive financial literacy and encourage insurance uptake in cyclone-prone Mozambique through relatable, yet simple and effective techniques that are rapidly gaining traction. Israel Muchena, Managing Director of Life & Agricultural Insurance at Hollard, says that financial literacy levels are low in Mozambique, and this hinders broader access to the insurance needed to protect small-holder farmers from the risk of climatic disaster. Higher levels of financial literacy can only be achieved if the concept of insurance is demystified, made relatable and communicated in Indigenous languages, he points out. Muchena’s remarks come in response to Mozambican Deputy Minister of...
Read More
19Sep By Africa BusinessNo Comments
Energy, Mozambique News

Delivering Mozambique’s Sustainable Energy Future

Maputo, Mozambique - Mozambique is emerging as a key player in the global energy landscape, with a rich reserve of natural resources, including natural gas and renewables. As the world shifts towards cleaner and more sustainable energy, Mozambique is positioning itself at the centre of this transformation, ensuring its energy projects are both ready and fully implemented to meet the growing demands of domestic, regional and the global market. At COP28 in Dubai, H.E. President Filipe Nyusi said, “Mozambique’s $80 billion energy transition strategy will leverage the country’s vast renewable resources to position the country as a sustainable investment destination and deliver energy to its people.” President Nyusi went on to share that while transitioning to a decarbonised future, Mozambiqu...
Read More
Renewables are the best option for Mozambique’s power mix, finds Wärtsilä report
8Nov By Africa BusinessNo Comments
Energy, Mozambique News

Renewables are the best option for Mozambique’s power mix, finds Wärtsilä report

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 year leading up to 2032. Mozambique's energy authorities face a pressing challenge: ensuring that the entire population has affordable and uninterrupted access to electricity over the next decade. To meet the projected 1.3 GW of electricity peak demand increase by 2032, Mozambique must build significant new power capacity. A further 2 GW would be needed to support the planned development of the Beluluane Industrial Park in the Maputo province by 2037. However,...
Read More
22Oct By Ogi Williams and Jacques Du PreezNo Comments
Energy

African Oil & Gas: Evolving the industry post Covid-19

By Ogi Williams and Jacques Du Preez The following paper provides excerpts from Johannesburg-based consulting firm In On Africa’s 2021 African Oil and Gas report.  The post Covid-19 period has pushed Africa's oil and gas industry to adapt to a very different paradigm and one revolving around hydrocarbon divestment and increased renewable energy focus. As the pandemic and related financial fallout drove oil prices down and well beyond sustainable thresholds during 2020, projects across the continent were delayed or abandoned entirely. This has been compounded by the growing risks to financing posed by the global divestment movement, with some of the continent's largest financiers announcing a gradual draw down on hydrocarbon financing. One silver lining amid this uncertainty is the renewe...
Read More
1Oct By Baker McKenzieNo Comments
Ethiopia News, Kingdom of Eswatini News, Main, Malawi News, Mozambique News, Namibia News, South Africa News

Increasing competition policy enforcement across Africa

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 and industry following the devastating impact of COVID-19. The effects of the pandemic have led to negative economic growth in a number of African jurisdictions, and have given rise to opportunistic, anticompetitive behaviours such as unreasonable price increases and price gouging, coordination amongst competitors, and other unsavoury business practices that erode competition. Over the pas...
Read More
26Apr By African Energy ChamberNo Comments
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...
Read More
13Apr By African Energy ChamberNo Comments
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...
Read More
13Apr By Africa BusinessNo Comments
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...
Read More
31Mar By Africa BusinessNo Comments
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...
Read More