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Minister calls for immediate maintenance of Maputo Ring Road

Minister calls for immediate maintenance of Maputo Ring Road

The Minister of Public Works, Housing and Water Resources, João Machatine, has told the new managers of the Maputo Ring Road to quickly solve the highway’s maintenance issues. The management of the road became the responsibility of the National Road Administration (ANE) and the of Roads Fund after the Maputo-Sul Development company was closed in […]

Incularino Park in Palma

Incularino Park in Palma

African Century Real Estate (ACRE) is proud to announce a joint venture with the company TrueNorth Limitada to co develop Palma´s first mixed use commercial centre. Located in Palma town and superbly positioned in front of the main road coming into Palma from the South, Incularino Park will consist of 12 two-room fully furnished and […]

South Africans eye Mozambican company Textáfrica with an interest in reopening it

South Africans eye Mozambican company Textáfrica with an interest in reopening it

Various South African companies linked to the textile industry are reported to be interested in bringing Textafrica’s Chimoio plant back into operation, Manica Governor Manuel Rodrigues announced during a visit to the company’s premises. South African businesspeople have visited the factory and expressed an interest in investing in its reactivation. According to Governor Rodrigues, foreign […]

Study: Real estate market grows outside the capital and lease is one of the best options

Study: Real estate market grows outside the capital and lease is one of the best options

Prime Yield MZ launched the 2nd edition of the “Mozambique Real Estate Market Study” during Tektónica Moçambique, which ended on Tuesday in Maputo. According to the consulting firm, Mozambique’s real estate market has “enormous potential for growth, with opportunities in all segments, highlighting the emergence of new geographical areas as a destination for investment and […]

Qatar Petroleum signs exploration deal marking its first entry into Mozambique

Qatar Petroleum signs exploration deal marking its first entry into Mozambique

Qatar Petroleum entered into an agreement with an ExxonMobil affiliate to acquire a 10% stake in three offshore exploration blocks in the Angoche and Zambezi basins in Mozambique. The consortium will be made up of ExxonMobil (operator) with a 50% participating interest, Empresa Nacional de Hidrocarbonetos (ENH) with a 20% participating interest, Rosneft with a […]

Nacala Special economic zone: Over US$2 billion invested from 2009

Nacala Special economic zone: Over US$2 billion invested from 2009

More than US$2.5 billion has been invested in the Nacala Economic Zone in Nampula since 2009 in 178 investment projects which, it is hoped, will create 23,000 jobs. The figures were released on Wednesday by the permanent secretary of Nampula province, Veronica Langa, representing the Minister of Industry and Trade, Ragendra de Sousa, at the […]

Anadarko seeks construction property an casualty insurance for Mozambique LNG project

Anadarko seeks construction property an casualty insurance for Mozambique LNG project

Anadarko Moçambique Area 1 today invites all interested parties to submit an Expression of Interest  (EOI) for insurance capacity related to the insurance for the construction of the LNG Facility in the Afungi peninsula, Cabo Delgado province, Mozambique. In an advertisement published today in Noticias, the largest newspaper in Mozambique, Anadarko says it will take out insurance […]