AGP Executive Report
Last update: 8 hours agoFDI Watch: Mozambique’s foreign direct investment fell 21% in Q1 to about US$1.2bn, with 94% tied to gas and mining megaprojects—mostly via supplier and trade credits—highlighting how extractives still dominate inflows. LNG & Construction: Portuguese contractor Mota-Engil and Italy’s Bonatti won a US$207m contract for early works on Mozambique Rovuma LNG Area 4 in Cabo Delgado, including camp infrastructure and operational facilities. Trade & Finance: Malawi’s National Bank of Malawi (NBM) used FACIM in Maputo to push regional expansion, with President Daniel Chapo visiting the bank’s stand as the fair focused on digital and energy transformation. Industrial Policy Debate: President Daniel Chapo’s announcement that 10% of agricultural projects are reserved for liberation veterans sparked criticism over political allocation in a sector facing land and finance constraints. Consumer Safety: Isuzu recalled over 2,500 D-Max 2026 bakkies across multiple countries (including Mozambique) over a possible brake pedal pivot pin issue. Logistics & Connectivity: Suez Canal Authority discussed cooperation with ambassadors from 10 SADC states, including Mozambique, covering training and maritime services.
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