Mozambique Industry & Energy: Mozambique’s government challenged South Korean firms to invest in local processing of critical minerals and natural gas, pushing industrialisation beyond raw exports and promising a more predictable business climate. LNG & Offshore Engineering: Saipem and Jan De Nul signed a letter of intent with ExxonMobil Mozambique for early engineering and technical services for Rovuma LNG phase one (about €11m), ahead of a final investment decision and regulatory approvals. Skills for Fisheries Value Chains: President Daniel Chapo inaugurated a Chinese-built Higher Polytechnic Institute in Quissico (Zavala, Inhambane) aimed at boosting fish production and processing capacity through aquaculture engineering, fish processing, quality control and logistics training. Telecoms Regulation: Mozambique’s INCM reported 391,700 telecom complaints in 2025 and ruled for consumers in about a third, citing operator failures on network availability targets and highlighting refunds/compensation. Business Climate Constraints: CTA flagged foreign currency shortages (especially USD) and the fuel crisis as key obstacles to private-sector performance in Q2 2026, despite slight macroeconomic improvement. Security & Illicit Trade: Two Mozambican nationals were charged in South Africa over an alleged drug manufacturing lab in Erasmia, with drugs valued around R110m.