AGP Executive Report
Last update: 6 hours agoMonetary Policy: Mozambique’s central bank kept its benchmark lending rate at 9.25% for a third straight meeting, citing metical stability and inflation risks even as growth remains fragile. Hydropower & Jobs: The Mphanda Nkuwa project on the Zambezi is projected to generate about US$13.98bn in revenues over its lifetime, with thousands of jobs during construction and a path to commercial operations from 2034. Energy Investment: Mphanda Nkuwa’s consortium reshuffle is in focus as TotalEnergies and Sumitomo withdraw from the 1.5GW project, while the government says delivery remains on track. Trade Facilitation: Mozambique is moving ahead with a one-stop border post at Machipanda to cut freight delays on the Beira corridor, but concerns remain over awarding the concession to the same Chinese group tied to other Beira-area logistics deals. Food & Compliance: IGSAE and FUNDEC signed a cooperation agreement to boost awareness, prevent infractions, and intensify the fight against counterfeiting through a national campaign. Aviation Links: Egypt and Mozambique signed an MoU to deepen civil aviation cooperation on safety, security, air navigation, and training. Regional Logistics: MSC launched the Afungi shuttle service for Mozambique LNG trade, adding another logistics option for gas exports.
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