AGP Executive Report
Last update: 3 hours agoFLNG Engineering Push: MODEC has won work to supply a SOFEC internal turret mooring system for Eni’s Coral Norte FLNG offshore Mozambique, with first LNG targeted for 2028 and the project advancing after FID in Oct 2025 and hull launch in Jan 2026. Energy & Industrial Gas Risk: South Africa faces an emerging industrial gas supply crunch as ageing Mozambique-linked piped gas sources near end-of-life, raising urgency around import terminals and long-term supply deals. Port & Logistics Outlook: Grindrod reports improved cargo volumes at the Port of Maputo (+30% in five months to May) as weather disruptions ease, though Matola terminal performance lagged due to earlier conditions affecting magnetite supply. Digital Finance Expansion: FMB Capital Holdings and Visa signed a five-year partnership to scale digital payments across Southern Africa, including Mozambique, aiming to boost cross-border transactions and financial inclusion. Business Climate Debate: Mozambique’s CTA argues the country must stop exporting raw materials and build full industrial value chains from processing to packaging and export. Conservation Co-management Update: Mozambique lifted the suspension of Niassa Especial Reserve (REN) management, with authorities studying a new co-management model to better protect wildlife and communities.
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