By the AFREEQUE newsroom, based on Club of Mozambique
ExxonMobil has raised its stake in the Rovuma LNG gas project off Cabo Delgado province from 25% to 50% after an asset swap with Italy’s Eni. The US group remains the operator and is targeting a final investment decision by the end of 2026, with commercial operations expected to begin in 2031, according to Club of Mozambique.
The Bank of Mozambique is allowing banks to deduct up to 110% of the principal of eligible investment loans and 100% of working-capital loans from their reserve requirements. In force from 28 October 2026 for an initial period of 18 months, the scheme aims to finance local production, import substitution and export diversification, according to Club of Mozambique.
🇲🇿 Mozambique · Source: Club of Mozambique ·
Three Mozambican fishermen escaped after their boat and 20 men were kidnapped in Mocímboa da Praia, Cabo Delgado province. They reunited with their families in Milamba, as Islamic State Mozambique intensifies attacks on civilians, according to local sources cited by Carta de Moçambique and ACLED.
🇲🇿 Mozambique · Source: Club of Mozambique ·
The report on the state of peace and security in Africa links gas exploitation in Cabo Delgado, northern Mozambique, to local populations’ sense of marginalisation. Presented by Ghanaian President John Dramani Mahama at the 26th Tana Forum, it analyses the continent’s crises from January 2025 to June 2026, according to the Mozambique Information Agency.
🇲🇿 Mozambique · Source: Agência de Informação de Moçambique ·
Mozambique and the European Union are strengthening military cooperation to improve the capabilities of Mozambican armed forces against terrorist groups in Cabo Delgado province. The EU mission EUMAM MOZ contributes to training and specialised advice for national forces, according to information provided by the European Union.
🇲🇿 Mozambique · Source: Agência de Informação de Moçambique ·
South Africa deports 490 Mozambicans for illegal staySouth Africa deported 490 Mozambican nationals on Saturday for staying in the country illegally, before they were received by the migration services of Maputo province. The authorities registered them and referred them to their regions of origin, while reminding them that working in South Africa requires a work visa, according to spokesperson Carmen Mazenga, quoted by Domingo.
Botswana regulator gives no reasons for Minet’s statutory managementBotswana’s Non-Bank Financial Institutions Regulatory Authority has not disclosed which violations led it to place Minet under statutory management. The Sunday Standard reports that the regulator has not detailed the reasons for the measure, which concerns Minet in Botswana.The week in Africa
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