AGP Executive Report
Last update: 10 hours agoEnergy Services & Local Content: Kaeso Energy Services’ Jorge de Morais says Africa’s “barrel is African, the value chain is not,” pushing for working capital, cross-border recognition of local-content certification, longer contracts and tech partnerships as Kaeso expands into Mozambique. ENH Leadership: Mozambique’s national hydrocarbons company ENH enters a “consequential chapter” under Rudêncio Morais, with a focus on strengthening commercial capability, expanding domestic gas infrastructure and boosting Mozambican participation across the energy value chain. LNG & Shipping Economics: Alaska LNG’s cost debate highlights how shipping and infrastructure spending shape competitiveness, while Oman replacing the US as India’s top LNG supplier underscores shifting West Asia supply risks. Mining & Processing in Mozambique: Gemfields targets higher throughput at Montepuez Ruby Mining but recorded a $125.2m impairment tied to weaker high-quality ruby recovery and delayed commissioning of a second processing plant. Security & Cabo Delgado: Mozambique’s army is still struggling to win a crucial counter-insurgency battle, with training gains not yet translating into improved security and reduced abuses against civilians. Agriculture & Food Production: President Chapo urges stronger Mozambique–China agricultural cooperation, pointing to Wanbao’s rice model and wheat trials as a route to higher yields and expanded local partnerships. Governance & Public Finance: Mozambique’s Administrative Tribunal approved the 2025 General State Account, showing a 0.52% GDP contraction and a budget deficit. Illegal Mining Crackdown: Nine Mozambican nationals were arrested in South Africa’s Mpumalanga during Operation Vala Umgodi, with mining implements and chemicals recovered. Media & Skills: Rwanda Broadcasting Agency signs a cooperation deal with Mozambique’s TVM to exchange programmes, digitise content and build journalism capacity.
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