AGP Executive Report
Last update: 26 minutes agoTrade: Mozambique and the UAE have concluded negotiations on a Comprehensive Economic Partnership Agreement, which would cut tariffs, ease market access and support investment once signed and ratified. Non-oil trade between the countries is around $2.6 billion. Gas Infrastructure: ENH and Sasol have agreed to advance plans to move Rovuma Basin gas to consumers in central and southern Mozambique, addressing a shortage of transport infrastructure. Separately, Rompco expects to sign a joint-development deal by January for a proposed $450 million LNG terminal near Inhassoro. Ports and Power: Prime Minister Benvinda Levi called for modernising state dredging company EMODRAGA to improve port access and cargo movement. The government is also seeking sustainable financing to expand electricity generation and grids, while pursuing universal access by 2030. Climate Finance: Mozambique and Malawi can seek up to $40 million through a new climate-adaptation programme, with projects intended to protect key areas from floods, droughts and cyclones. Economic Risks: The IMF warned that higher fuel costs are worsening pressure on Mozambique’s foreign-exchange reserves, current account and public finances.
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