First Independent Mena Newspaper
A court in Mozambique has sentenced the son of a former president, two ex-spy bosses, and eight others to years in prison for their part in a corruption scandal which saw hundreds of millions of dollars in government-backed loans disappear, crashing the southern African nation’s economy. Nineteen people, including state security officials, went on trial […]
For the first time in two years, the port of Mocimboa da Praia in the gas-rich province of Cabo Delgado welcomed a commercial ship, a sign of a gradual return to normalcy for the province, which has been plagued by a jihadist insurgency for five years. Two years ago, the port of Mocimboa da Praia […]
This year’s African Investment Forum (AIF), the continent’s premier investment platform, attracted a record $63.8bn in investment pledges for infrastructure projects, but experts warn of historically low success rates in bringing projects into fruition. The vast networking event brings together African entrepreneurs, decision-makers, bankers. In 72 hours, the African Development Bank (AfDB) and its partners […]
Mozambique expects to make its first export of liquefied natural gas (LNG) to Europe at the end of this month or early November from the Coral Sul floating platform, operated by Italy’s Eni. The information was given to Reuters by the National Petroleum Institute (INP) last week, at a time when Europe is facing a […]
Ethiopian Airlines, Africa’s largest air carrier by fleet size, is reviving Nigeria’s bid for a national flag carrier, as it seeks to build its regional network and add to its portfolio of stakes in airlines across the continent. After many failed attempts to launch a profitable airline, Nigeria’s federal government has enlisted Ethiopian Airlines to […]
A new liquefied natural gas project near Senegal and Mauritania’s coastlines may only be 80% complete, but the prospect of a new energy supplier has already drawn visits from several European leaders, scrambling to secure alternative sources after Moscow has reduced natural gas flows to EU countries. While Africa’s natural gas reserves are vast and […]
Amid continuing clashes between Mozambique’s federal forces and other African allies against Islamist militants in the Cabo Delgado Province, the country’s president Filipe Nyusi has called on Western energy companies to resume work, assuring them security situation had improved in the conflict-torn region. Addressing the Mozambique Gas & Energy Summit in Maputo Wednesday (14 September), […]
Islamist militants in the Mozambique’s northern Nampula province have killed six people, all by beheading, abducted three others and set dozens of houses on fire, Mozambique’s president confirmed, warning that the Islamist militant movement is spreading to new territory despite efforts by government and regional forces to contain it. Speaking live on national radio Wednesday […]
Japan, which lags behind other major economies when it comes to investment in Africa, has been increasingly concerned that the pandemic has weakened African economies and worsened their dependence on Chinese investment and aid. US investment in Africa is seven times larger than that of Japan, that of the UK and France is more than […]
The European Union is planning a five-fold increase in financial support to 2024 for the mission of the Southern African Development Community’s (SADC) in Mozambique, according to an internal EU document, as Islamist attacks threaten gas projects meant to reduce the EU’s reliance on Russian energy. The SADC mission — a bloc of 16 African […]