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Mozambique seeks loan in China to build airport in Gaza

The government of Mozambique is waiting for the Export-Import Bank of China to approve a loan of US$60 million to start the construction of Chongoene airport, in Gaza province, the Minister of Transport and Communications said recently, quoted by the local press.

Minister Carlos Mesquita, who visited the site where the airport will be built, said the feasibility study and the environmental More

Mozambique facilitates granting of visas for investment activities

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The government of Mozambique has approved a regulation to facilitate the granting of entry visas to foreign nationals engaged in investment activities, thus contributing to improving the business climate, the deputy minister of Culture and Tourism said on Tuesday in Maputo.

Quoted by Mozambican news agency AIM, Ana Comoana said the approved document reduces the minimum amount to grant the Investment Activity More

Government of Mozambique approves Gaming and Gambling Law regulations

The government of Mozambique has approved the regulation of the Gaming and Gambling Law which, in addition to increasing the number of casino licenses to be granted, reducing the distance between casinos from 5 kilometres to 100 metres, said on Tuesday in Maputo the deputy Minister of Culture and Tourism.

Ana Comoana said after the meeting of the Council of Ministers the More

Mozambique’s economy should recover slightly in 2017, EIU says

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Mozambique’s economy should recover slightly in 2017 with growth of 4.2%, after recording the lowest growth in 16 years in 2016, with a rate of 3.6%, according to the a February report from the Economist Intelligence Unit (EIU).

The EIU analysts said the greater economic growth this year will be driven by exploration of mineral resources, such as coal, which is expected More

Vale Moçambique increases coal production in 2016

Vale Moçambique, a subsidiary of Brazilian group Vale, extracted 5.5 million tonnes of coal from its mine in Moatize, in Mozambique’s Tete province, a 10.7% increase over the 4.96 million tonnes recorded in 2015, the group said in a statement.

The increase in production was due, according to the group’s fourth quarter and 2016 production report, to the improvement recorded at the More

World Bank pays for work on rural roads in Mozambique

The World Bank will give US$150 million to Mozambique for construction and/or reconstruction of roads in rural areas of the provinces of Nampula and Zambezia, in the north and centre of the country, respectively, announced the World Bank representative in Mozambique.

Mark Lundell justified the decision saying that the poor state of the roads is identified as one of the major constraints More