President Filipe Nyusi (2015-present) extends the State of Emergency until 29 July as confirmed Covid-19 cases surpass 1,000.
The virus has had a significant impact on Mozambique's economy as social distancing and travel restrictions (domestically and globally) affect demand for goods and services. Reduced demand and prices of commodities are slowing the pace of investment in gas and coal, two key industries for Mozambique.
Despite headwinds, there is positivity, the Mozambique liquified natural gas, (LNG) project stands to transform the country and entrench it as a leading player in the global LNG industry.
The country will offer countless opportunities for investment throughout the value chain.
Learn what the legal and regulatory implications are for businesses operating in Mozambique…
Join us on 23rd July at 15.00CAT/CEST/SAST to hear experts give their outlook for the country….
Tara O’Connor, Director - Africa Risk Consulting
Tiago Arouca Mendes & Paula Duarte Rocha - HRA Advogados
Josina Correia, Partner - Josina Correia Advogados.
Taciana Peao Lopes - Taciana Peão Lopes & Advogados Associados
Speakers will share their knowledge on different thematic areas and categories of law – including employment and labour, projects in Mozambique, the corporate environment as well as more general insights on the socio-political and economic context.
Mozambique Country Chronology: Prepared by Afriwise’s Risk Partner – Africa Risk Consulting.
16 Jul 2020 Maputo (Mozambique) WorldOil. France-based Total SA’s Mozambique LNG gas project completes as much as $16 billion in funding involving a score of banks – the biggest foreign direct investment in Africa;
8 Jul 2020 Maputo (Mozambique) Reuters. France-based oil major Total secures $15.8 billion funding for its giant natural gas project, Mozambique LNG
7 Jul 2020 Maputo (Mozambique)Lusa. Main opposition Renamo party spokesperson José Manteigas accuses ruling party Frelimo of violating the demobilisation, disarming and reintegration (DDR) component of the peace process;
6 Jul 2020 Maputo (Mozambique) Lusa. Mozambiquepasses 1,000 confirmed cases ofCovid-19;
1 Jul 2020 Cabo Delgado (Mozambique) Upstream. Government opens new tenders for logistics and brokerage contracts in its major liquefied nature gas project in Cabo Delgado as security forces continue to fight against Islamist insurgents;
29 Jun 2020 (Africa) Reuters. Draft European Union (EU) list shows only citizens from 10 African countries – Algeria, Egypt, Ethiopia,Mauritius, Morocco,Mozambique, Namibia,Rwanda, Uganda andZambia – will be allowed in the EU when it reopens external borders on 1 July;
27 Jun 2020 Mocimboa da Praia (Mozambique) Reuters. Police and a security source say suspected Islamist insurgents conducted a “violent” attack in Mocimboa da Praia near billion-dollar gas projects managed by Total and Exxon Mobil;
26 Jun 2020 Maputo (Mozambique) Reuters. A source says United Kingdom-based export credit agency UK Export Finance is set to back a $20 billion liquefied natural gas project in Mozambique;
26 Jun 2020 Maputo (Mozambique) Reuters. Two sources say struggling petrochemicals producer Sasol has appointed advisors to sell its stakes in Republic of Mozambique Pipeline Company;
25 Jun 2020 Maputo (Mozambique) The Citizen. United Kingdom-based Gemfields subsidiary Montepuez Ruby Miningsays it has halted all but vital operations in Cabo DelgadoProvince since April because of supply chain restrictions and fears of a coronavirus outbreak among staff;
24 Jun 2020 (Africa) Disrupt Africa. United Kingdom-based African Private Equity and Venture Capital Association releases its inaugural report on Africa’s investment landscape, showing that the continent had deals worth $3.9 billion between 2014 and 2019, that fintech and information technology dominated the start-up scene and that South Africa’s venture capital ecosystem accounted for 21% of deals, followed by Kenya(18%) and Nigeria (14%);
23 Jun 2020 (Africa) Business Day. African Continental Free Trade Area secretary-general Wamkele Mene says a free-trade agreement is unlikely to face any further delays even if a second wave of coronavirus infections hits the region;
19 Jun 2020 Maputo (Mozambique) Bloomberg. Government appoints France-based Société Générale SA as financial adviser to state-owned oil company Empresa Nacional de Hidrocarbonetos, which is seeking funding for its stake in a liquefied natural gas project led by Total SA;
19 Jun 2020 (Africa)Bloomberg. World Bank says the world's poorest countries could save over $12 billion owed to sovereign and other creditors this year through their participation in a debt-relief programme, with Angolaalone potentially saving some $3.4 billion;
18 Jun 2020 (Africa) Business Day. African Union chair and South African president Cyril Ramaphosa launches a covid-19 medical supplies online portal, saying it will help African states address shortages and security of supply, ensure price competitiveness and transparency in procurement, reduce logistical delays and simplify payment processes;
16 Jun 2020 (Africa) EMPEA. United States-based International Finance Corporation agrees to invest up to $128.5m in Africanbusinesses, including a $100m senior loan to Nigeria-based Zenith Bank, a $11m senior loan to Tunisia-based date processor VACPA, a $7.5m investment inMozambique-based agribusiness Westfalia Fruto Mozambique and a $10m investment in Egypt-based electricity meter manufacturer Globaltronics;