AGP Executive Report
Last update: 4 hours agoMining Policy: Mozambique’s new mine ownership rules—requiring a 15% state stake and tighter controls on exporting unprocessed minerals—are already worrying investors, with the Chamber of Mines warning the approach could deter foreign capital while still pushing for in-country value-add. Energy Finance: AXIAN Energy secured a $60m financing package to expand renewable generation across Africa, adding flexibility for new projects. LNG & Power Links: South Africa’s Zululand Energy Terminal moved closer to operations with an ExxonMobil LNG supply heads of agreement, aiming to ease future gas supply risks as Mozambique’s Pande-Temane output declines. Food Security: FAO and WFP launched a $202m anticipatory appeal to protect 8.8m people in 22 high-risk countries, including Mozambique, from El Niño-driven droughts and floods. Road & Transport Reform: Mozambique approved revisions to the road code, including a points-based licence system and surveillance cameras to strengthen enforcement. Macroeconomy: Mozambique’s economy grew 0.1% in Q1 2026, led by services and a rebound in industry, while extractives contracted.
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