AGP Executive Report
Last update: 4 hours agoOil & Gas Deal: Mozambique’s ENH and Brazil’s Petrobras signed a framework MoU for joint studies, evaluation, development and marketing of hydrocarbons, with knowledge-sharing; the agreement runs for two years. Mining Reform: Mozambique is preparing to formalise small-scale artisanal gold mining and cut mercury use under the PlanetGold project, despite mercury being banned since 2006. ICT & Enterprise Tech: Malawi’s Sparc Systems won ICT Company of the Year at TICON Africa 2026, operating across Southern Africa including Mozambique with services spanning cloud, cybersecurity and data centres. Finance Innovation: Mozambican tycoon Salimo Abdula pushed Islamic finance as a commercial funding route for business, saying regulation is coming and knowledge gaps remain. Drug Market Shift: Mozambique’s drug authorities report a 75% jump in trafficking and consumption cases in H1 2026, with rising methamphetamine cases and tighter controls on precursor chemicals. Regional Security Finance: South Africa-linked reporting alleges foreign-owned spaza shops moved R6.3bn offshore via informal channels, raising money-laundering and terrorist-financing concerns reaching across Mozambique and the region.
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