AGP Executive Report
Last update: 8 hours agoGas Development: Eni and its Area 4 partners have begun a 10-month Coral North drilling campaign, with Mozambican engineers taking part through the ENH-Saipem joint venture. The project is expected to lift LNG output to 7 million tonnes a year when it starts up in 2028. Rural Power: FUNAE plans to invest about $50 million from 2027 in 100 solar mini-grids in Zambézia, Tete and Niassa, extending electricity to communities beyond the national grid. Agriculture: The 2026/27 campaign plan has a $189.8 million budget for production, value chains and market access, with funding from the World Bank, African Development Bank and IFAD. Trade and Transport: DP World’s weekly China Africa Link, due to launch in late November, will connect Maputo with Chinese export hubs and Dar es Salaam. Grindrod’s first test train on South Africa’s open-access rail network also sets up planned 2027 coal haulage to its Matola terminal. Investment: A Maputo forum opening November 4 will pitch port, rail, road and logistics projects to investors. Meanwhile, ExxonMobil has raised its stake in the proposed $30 billion Rovuma LNG project to 50%, with a final investment decision targeted by year-end.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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