AGP Executive Report
Last update: 4 hours agoInfrastructure Investment: Maputo will host the TRANS-LOG MOZ forum on November 4–5, bringing government, investors and lenders together to explore projects in ports, rail, roads and logistics corridors. Natural Gas: ExxonMobil has doubled its stake in the Rovuma LNG project to 50% through an asset swap with Eni. The $30 billion development is designed to produce 18.6 million tonnes a year, with a final investment decision targeted by year-end. Mining: Kenmare won approval to extend its Moma and Larde operations to 2044, committing at least $200 million to equipment and infrastructure and $50 million to social projects. Royalties will rise over time, and Mozambique may buy up to 20% of annual output for local processing. Trade Links: DP World plans a weekly China–Africa service from late November, calling at Maputo on its route between Chinese ports and Dar es Salaam. Mozambique and Russia are also working on a direct sea-freight link, with a memorandum expected in 2027.
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