AGP Executive Report
Last update: 5 hours agoMozambique LNG & gas supply chain: Gemfields set a new performance target for its Montepuez ruby mine, aiming to process 11.39m tonnes of ore by June 2029, after a $125.2m impairment tied to weaker high-quality ruby recovery and commissioning delays at its second plant. Security & extractives: Mozambique’s army is still struggling to win community support in Cabo Delgado, with reports of ongoing human-rights abuses undermining counter-insurgency gains. Peace-to-jobs agenda: President Daniel Chapo says the next phase of Mozambique’s peace must translate into jobs, production and industrialisation, including mining/oil measures, local content and agricultural development. Agriculture & China ties: Chapo called for stronger Mozambique–China agricultural cooperation after visiting Wanbao’s Gaza rice and wheat operations, highlighting technology transfer and yield gains for local farmers. Governance & fiscal reality: Mozambique’s Administrative Tribunal approved the 2025 General State Account, showing a 0.52% GDP contraction and a smaller-than-projected deficit. Local industry capacity: Techdrilling opened a new Pemba office to bring inspection, NDT and safety training closer to Cabo Delgado oil & gas operations, while ROSCONSULT and KKLM Enterprise spotlight growing Mozambican services for energy, mining and industrial clients. Regional climate pressure: El Niño is expected to worsen drought risk across southern Africa, including southern Mozambique, threatening agriculture and livelihoods.
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