Category Archives: News
Mozambique this year mark four decades of independence from Portugal, with robust economic growth rates buoyed by abundant natural resources giving the southern African nation reason to celebrate. This land mark event takes place under its new elected President Filipe Jacinto Nyusi, who is by coincidence also the 4th President of Mozambique.
Mozambique is a prime investment destination following the recent discovery of huge natural gas and coal deposits. Those natural resources are today the biggest source of attraction to many countries including its former colony.
The year 2012 saw the last bone of contention between the two countries resolved, with the sale of the gigantic Cahora Bassa dam to Mozambique, meaning that any problems that came up in the decolonisation of Mozambique have been resolved.
Mozambique has massive potential underpinned by its vast natural resources, which are making the country more atractive. This has been one of President Nyusi visite to France, following the invitation made by his contrepart and by French companies that are willing to invest in Mozambique. This is also the second country in Europe the President is visiting after Portugal.
Maputo, 14 Nov (AIM) – The Mozambican government on 14 November signed an agreement with the Chinese Kingho Energy Group to open a coal mine at Mufa, in Marara district, in the western province of Tete.
The agreement was signed by the Minister of Mineral Resources, Esperanca Bias, and Kingho representative Zhao Jun Zuang.