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France’s Technip transfers technology and provides training in Mozambique

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French engineering and construction firm Technip plans to transfer technology and provide training in Mozambique under the terms of three agreements signed Thursday in Maputo with Mozambican oil and gas company ENH, the Mozambican press reported.

The first memorandum, signed by the president of ENH, Nelson Ocuane and the Director of the Undersea Operations Division of the French company, Hallvard Hasselknippe, includes More

ENH of Mozambique sells 20 pct stake in Pemba gas terminal

Mozambique’s national oil and gas company ENH plans to sell a 20 percent stake in the Pemba gas terminal, in the north of the country, the president of ENL Logistics, a subsidiary of ENH, said Thursday in Maputo

Eduardo Naiene said the company has mandated the Banco Nacional de Investimento (BNI) to lead the sale of 20 percent of the Pemba Integrated More

Savannah Resources sees “excellent” results in heavy sands prospecting in Mozambique

The results of a heavy sands prospecting programme in Jangamo, Mozambique, are “excellent” and revealed quality surface mineralisations, British company Savannah Resources said in a statement Thursday.

The company said that 96 holes drilled as part of the programme, beyond the surface mineralisation, excellent strike lengths, and that an estimate of existing resources would be announced later this year.

The Jangamo concession covers More

Angola’s 2013 budget posts 0.3 pct surplus

The execution of the Angolan State Budget (OGE) for 2013 allowed for a surplus of 0.3 percent the country’s Finance Minister, Armando Manuel said Thursday in Luanda.

The minister, who was speaking at the end of a meeting of the Economic Commission of the Council of Ministers, said that “the cautious implementation of the State Budget for 2013 has enabled us to More

Lower oil production in Angola offset by growth of non-oil sector

Lower oil production in Angola will have a smaller impact than expected impact on the country’s public accounts due to “robust growth of the non-oil sector” according to an analysis by the economic studies office of Banco BPI.

In it Monthly Macroeconomic Panorama for September, BPI analysts said the non-oil sector is expected to grow 7.3 percent this year, “anchored mainly in the More

Central banks of Angola and Namibia sign currency conversion agreement

The central banks of Angola and Namibia are due next Monday to sign a two-way currency conversion agreement to facilitate and provide greater security for commercial transactions between the two countries, according to the National Bank of Angola.

In a statement the bank said that the agreement to be signed in Santa Clara, Cunene province, will allow direct exchange between Kwanzas and More

Angolan Post Office offers international transfers in partnership with Western Union

The Post Office in Angola (Correios de Angola) and the Western Union Company have signed an agreement to provide money transfer services for the first time to users of the post office network, according to a statement issued Thursday.

Richard Malcolm, Western Union’s regional vice president for Southern and Eastern Africa, said he was happy about the beginning of the collaboration with More

EIB available to finance construction of infrastructure in Timor-Leste

The European Investment Bank (EIB) intends to finance infrastructure construction in Timor-Leste (East Timor), particularly of roads, the Ministry of Public Works said Thursday in a statement issued in Dili.

EIB representative Adam Bruun expressed the bank’s intention at a meeting with the Timorese Minister of Public Works, Gaston de Sousa.

“The European Investment Bank will work together with the Asian Development Bank More