Mozambique - 02

Mozambique: Upcoming Local Content Law: Unnecessary, but in Tune with Public Expectations

The Mozambican government is keen to ensure that the lucrative oil and gas sector develops links with the wider economy. Therefore, the Council of Ministers will consider a new local content law, under development for some time, “in due course.” At an oil and gas conference in Maputo in July, Vasco Nhabinde, the director of

Mozambique - 03

Mozambique: Final Frelimo Meeting Before September Congress: Factions Dig In

In his opening remarks at the conference, Nyusi was unable to gloss over the divisions within the party that have been visible since he took office. His reference to “enemies of Mozambique and Frelimo” was clearly aimed at his critics, specifically those allied to former President Guebuza. Despite calling for Frelimo unity and strength, and

Mozambique - 01

Mozambique: Donor Freeze Remains as IMF Demands Full Transparency

After the executive summary of Kroll’s independent audit into Mozambique’s sovereign debt was published, the IMF sent a mission to the country from 10-19 July. The leader of the mission, Michel Lazare, stated that the Kroll report was missing “critical information” and that therefore a resumption of IMF financial support is out of the question

Mozambique - 04

Mozambique: Nyusi-Guebuza Rivalry Plays Out in Ministerial Battle Over Land

Soon after taking office in January 2015, President Nyusi established several new ministries, including MITADER – a key institutional actor for IOCs and other investors. It combines the former responsibilities of the Ministry for the Coordination of Environmental Affairs, the Ministry of Agriculture’s Department of Land and Cartography, the Ministry for State Administration’s Department of

Mozambique

Mozambique: Long-Shot Scenario: Nyusi Fails in September, with Dire Consequences

Mozambique’s political and economic trajectory would dramatically change if Nyusi is not chosen as Frelimo’s presidential candidate for the 2019 general elections. Nyusi’s rejection would be a scathing judgement on his term in office, marking an indisputable fall from grace and abandonment by the majority of the party.

Mozambique - 02

Mozambique: Kroll Summary Aftermath: Momentum Growing to Declare Debt Illegal

The executive summary of Kroll’s international audit into the Mozambican sovereign debt scandal was recently published, prompting many organizations to call for corrective action. The US embassy in Maputo issued a statement calling for “concrete action” and underscored that much remains to be done. It emphasized that the satisfactory resolution of the sovereign debt issue

Mozambique - 03

Mozambique: Nyusi and the Frelimo Congress: Outlook for Renamo Accord

Mozambique’s prospects are looking increasingly positive. President Nyusi is preparing to extend his influence within Frelimo at the party’s September congress, and the worst part of the financial and economic crisis has passed. Indeed, on 19 June Bank of Mozambique Governor Rogerio Zandamela said that the Central Bank is no longer in emergency management mode,

Mozambique - 01

Mozambique: Vague Kroll Audit Summary Benefits Nyusi

On 23 June the Prosecutor General of the Republic (PGR) released the executive summary of Kroll’s independent audit into the sovereign debt crisis. The document was initially set to be published in late May, but was repeatedly delayed. The executive summary clearly shows the difficulties that Kroll investigators faced in accessing relevant information. EMATUM, MAM

Mozambique - 04

Mozambique: Privatization of Struggling Petromoc Nears

The privatization of national fuel distributor Petromoc is nearing, with Gunvor, Vitol, and Puma Energy reportedly interested in taking over the ailing company. The privatization of a number of Mozambican state companies has been in the cards since 2016, when Minister of Finance Adriano Maleiane stated that Filipe Nyusi’s administration will reduce the government’s participation