AGP Executive Report
Last update: 14 minutes agoAgribusiness: Indonesia is exploring investment in Mozambique cassava processing, including cultivation technology and new facilities to add value to local crops; no investment commitment was announced. Gas: Eni plans to drill up to six wells from November for its Coral North floating LNG project, targeting production by 2028 and about 7 million tonnes a year. The company is also assessing a possible third offshore LNG platform. Ports and logistics: A US$150 million Maputo Port dredging project will deepen and widen the access channel to accommodate larger ships. Mozambique also plans to introduce maritime cabotage concessions by June 2027; since April 2025, coastal shipping has moved more than 200,000 tonnes of container cargo and kept over 19,000 trucks off the roads. Public investment: The government says 60% of LNG revenue goes to the state budget and 40% to savings; the sovereign wealth fund held US$151 million, including US$109 million added in 2025. Regional links: Tanzania has commissioned feasibility studies for a proposed railway to Mtwara Port and Mbamba Bay, which could improve freight connections with Mozambique and other SADC markets.
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