By the AFREEQUE newsroom, based on Moneyweb
A $450 million project plans a floating storage and regasification unit off southern Mozambique, near Inhassoro, linked to the Rompco gas pipeline. The terminal is expected to be completed by January, according to Boyce after the agreement was signed, Moneyweb reports.
Ghana plans 100,000 hectares of new oil palm plantations in five regions, with more than 250,000 jobs expected. The project would benefit from $500 million in World Bank financing, according to Finance Minister Cassiel Ato Forson.
🇬🇭 Ghana · Source: Starr FM ·
Globeleq is negotiating new financing with its partners and lenders for its $660 million gas project in Mozambique. The 450 MW Temane power plant is now due to come online in 2028, three years later than initially scheduled, according to Reuters.
🇲🇿 Mozambique · Source: 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.
🇲🇿 Mozambique · Source: Club of Mozambique ·
Zimbabwe is preparing to build a lithium processing plant in Sandawana, at a cost of up to $330 million. The project is to process three million tonnes of ore a year and involves Chinese investors, according to Expansão, citing New Zimbabwe.
🇿🇼 Zimbabwe · Source: Expansão ·
IMF warns of falling foreign exchange reserves in MozambiqueThe IMF warns of a deterioration in Mozambique’s current account and foreign exchange reserves, driven by rising fuel prices and foreign currency shortages. These pressures are weighing on public finances and reducing the government’s room to respond to external shocks, according to the IMF’s resident representative in Maputo, Olamide Harrisson.
Sonangol promises end to petrol queues in LuandaSonangol Distribuição e Comercialização says fuel stocks are sufficient to supply the Angolan market, after nearly two weeks of queues in Luanda. The subsidiary expects queues to gradually shorten in the coming hours and supplies to return to normal in affected areas, according to its statement.The week in Africa
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