Africa Oil & Power (AOP) [www.AfricaOilandPower.com] will host the Mozambique Gas & Power (MGP) 2021 Presidential Award Ceremony & Virtual Workshops on March 8-9 in
By Charné Hundermark
The African continent is renowned for its rich diversity of cultures, languages, wildlife and landscapes, in which Mozambique enjoys the privilege of encapsulating these elements in one country. The southeastern nation is both a coastal paradise – with 2,500 km of white-sand beaches and an extensive coastline – and a wildlife utopia, with conservation projects covering approximately 15% of the country’s surface area. While Mozambique offers pristine beaches, unspoiled nature, eco-tourism, along with a rich historical landscape of cathedrals and colonial architecture, the country’s tourism sector remains significantly underutilized, particularly when compared to other African tourist hotspots like neighboring South Africa, Tanzania and Zimbabwe.
Sihle Qekeleshe, Web Editor
Image: AfDB
The African Development Bank (AfDB) has announced that it has opened two credit lines totaling $70 million, for Angola and Mozambique.
According to the Vice President of the AfDB, Mateus Magala, Angola and Mozambique will use the funds – which are received through Lusophone Compact – to develop projects in their countries. These projects are said to be aligned with the Bank’s five operational priority areas; ‘Light up Africa, Industrialize Africa, Integrate Africa, Feed Africa, and Improve the quality of life of people in Africa.’
“The projects in Angola and Mozambique are more advanced, with two lines of credit recently approved by the AfDB totalling $70 million to support Small and Medium Enterprises in these countries through commercial banking”, said Magala.
Equatorial Guinea Makes Advances on 100-Day Mining and Petroleum Milestones 29th Dec 2020 | Source: APO
Equatorial Guinea Makes Advances on 100-Day Mining and Petroleum Milestones
The two ongoing main projects in the country’s overarching plan to create a natural gas driven downstream mega hub at Punta Europa seem to be on track
The Ministry of Mines and Hydrocarbons shows progress in gas development and mining exploration. Published by Africa Oil & Power (AfricaOilandPower.com) for the MMH.
Drilling plans, natural gas downstream investments, cross-border negotiations and a complete revamp of the mining sector are a few of the initiatives Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima’s team have implemented in recent months.