AGP Executive Report
Last update: 9 hours agoMozambique Budget Boost: Mozambique added 3.6bn meticais to the 2026 State Budget, citing gas revenues to protect public finances and fund domestic investment, with the revision heading to parliament. Floods Hit Agrifood: FAO says repeated flooding has affected 724,000 people and damaged 440,000 hectares, with agriculture taking about 73% of losses; FAO is seeking $107.6m for recovery through 2031. Megaproject Revenue Slips: State accounts show Large-Scale Projects revenue fell to 11.7bn meticais in 2025 (down 40.5%), with losses linked to Mozal and other major operators. Energy & LNG Buildout: Samsung Heavy is building multiple FLNG units including Mozambique’s Coral project, while Transnet in South Africa signed a R22bn LNG terminal deal at Ngqura—both signals of continued regional gas infrastructure momentum. Green Cities Push: Italy plans €100m for Mozambique’s green cities, including water supply, park regeneration and recycling, with agreements set for June. Cabo Delgado Security: Islamist attacks in northern Mozambique’s Cabo Delgado reportedly killed at least nine and destroyed churches, underscoring ongoing disruption risk for local livelihoods. Agri-Policy Angle: ICRISAT urges re-positioning irrigation schemes as rural bio-economy hubs to strengthen circular food systems across Eastern and Southern Africa.
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