AGP Executive Report

Mozambique Mining Reform: President Daniel Chapo signed new mining rules granting the National Mining Company (ENM) a free 15% stake across the value chain, pushing local processing and restricting raw mineral exports without approval. Regional Fisheries Enforcement: Chapo also inaugurated a SADC Regional Fisheries Monitoring, Control and Enforcement Centre in Maputo to curb illegal fishing that costs the region about $400m a year. Tourism Push: Mozambique targets $7bn in tourism investment over seven years and expects $50bn+ foreign investment across sectors in 10 years, following the Mozambique–EU Business Forum. Investment Approvals: APIEX says government approved about €15.5bn (including €81m from the EU) in investments over five years, excluding gas and minerals. Conservation & Wildlife Economy: Zinave National Park received nine female white rhinos from South Africa, lifting its white rhino population to 39 and boosting breeding efforts. Energy & Infrastructure Finance: DBSA says it will scale up energy transition and infrastructure funding, stressing “bankable” projects and stronger transmission networks. Mozal Revival Talks: South Africa’s IDC is weighing options to buy South32’s majority stake in Mozal to revive the smelter after tariff and power deal failures. South Africa Migration Fallout: Nigeria’s NiDCOM condemns treatment of repatriated Nigerians, while xenophobic tensions keep driving cross-border returns and diplomatic pressure.

Mozambique Mining Reform: Mozambique signed new mining rules giving the state-owned National Mining Company (ENM) a free 15% stake across the mining value chain, requiring local processing and banning raw or semi-processed mineral exports without government approval. Regional Energy Dealflow: Samsung Heavy Industries secured major FLNG momentum, including contracts tied to Mozambique’s Coral Norte project, reinforcing the country’s LNG push. Cabo Delgado Resource War: A new look at Cabo Delgado’s insurgency traces how control of valuable resources helped fuel recruitment and conflict dynamics around mining. South Africa Xenophobia Spillover: South Africa’s anti-migrant violence continues to trigger repatriations across the region, with the first batch of Nigerians arriving in Lagos and other countries already evacuating citizens. Food Inflation Watch: S&P Global warns emerging markets may see inflation shift from fuel to food as fertiliser and transport costs rise. Mozambique Business Signals: Mozambique begins licensing digital operators, a step that could reshape competition in telecoms and digital services. Governance & Enforcement: Mozambique’s mining overhaul and regional migration actions underline how policy choices are now directly affecting jobs, investment and trade.

Mozambique Digital Economy: Mozambique has started licensing digital operators, issuing the first 19 licences to intermediary electronic service providers and digital platform operators under the Electronic Transactions Law, with 170 firms registered but only 19 meeting compliance and technical requirements. Mozambique SME Support: Portugal’s Cooperation Business Fund (FECOP) will disburse €17m to back Mozambique’s micro, small and medium enterprises, including guarantees up to 90% (with higher disaster-area support) and financing for producers’ associations and cooperatives. Mozambique Governance & Dialogue: Mozambique’s Council of State urged stronger measures for an Inclusive National Dialogue to deepen social cohesion and support sustainable economic growth, while noting political coordination and institutional stability as key decision drivers. Mozambique Finance: Mozambique signed World Bank financing agreements totalling about $450m for social protection, economic resilience, job skills, emergency response and water safety, alongside reforms aimed at effective spending. Regional Shock—South Africa Xenophobia: South Africa’s anti-migrant violence continues to trigger repatriations, with Nigeria’s first batch of 262–268 evacuees arriving in Lagos and more batches expected, while thousands of Malawians remain displaced in Durban. Energy & Trade Context: A new report warns fossil fuel wealth in Africa has not delivered inclusive development, citing extractive economies, inequality and weak job creation.

World Bank Financing: Mozambique signed five World Bank agreements worth $450m to boost social protection, economic resilience, jobs skills, rural emergency response and water safety, with reforms aimed at faster disbursement and better use of funds. Mining Policy: Mozambique tightened mining rules with a new law requiring 15% state ownership in all mining ventures and local mineral processing, a move Reuters links to rising battery-material demand. Gas Outlook: Standard Bank estimates ExxonMobil’s Mozambique gas project could lift the economy by over 4% annually once production starts, though progress depends on stability in Cabo Delgado. EU Business Funding: Mozambique and the EU signed deals budgeted at €178m for energy access, green digital education, digital transformation and agriculture/social sustainability. Trade & Industry: Mozambique’s exports to Poland hit $100m in 2024, led by coal, cashews and tobacco, while business groups push for more productive investment and industrialisation. Regional Integration: Zimbabwe is modernising border posts with Malawi and Mozambique to decongest crossings and streamline trade. South Africa Xenophobia Spillover: Anti-immigrant violence continues to disrupt regional labour and healthcare flows, with Mozambique reporting repatriations and deaths among its citizens. Connectivity for Growth: Paratus Mozambique expanded Starlink-backed learning in remote Santa Maria, supporting online education for students and teachers.

World Bank Financing: Mozambique signed five World Bank agreements worth $450m to boost social protection, economic resilience, jobs skills, rural emergency response and water safety, with reforms aimed at faster disbursement and inclusive growth. Mining Policy: Mozambique tightened mining rules with a new law requiring 15% free, non-dilutable state stake in all mining ventures and local mineral processing, as graphite demand rises. LNG & Growth Outlook: Standard Bank forecasts ExxonMobil’s Mozambique gas project could lift the economy by over 4% per year after start-up, but timelines depend on stability in the north. Regional Trade Facilitation: Zimbabwe is modernising border posts with Malawi and Mozambique to decongest crossings, improve safety and streamline trade, supporting smoother regional commerce. South Africa Xenophobia Spillover: Anti-immigrant protests in South Africa continue to trigger repatriations; Mozambique says nine citizens died and that hundreds have been returned via consular and diplomatic efforts. Entrepreneurship & Poverty: New studies on the DREAMS entrepreneurship model show measurable income, savings and asset gains for refugees and host communities in East Africa, supported by major foundations.

Mozambique–South Africa Migration Spillover: Community and faith leaders in Dunoon, South Africa, are pushing back against an anti-immigrant march, warning it could inflame tensions after recent violence; meanwhile, regional repatriations continue, with South Africa’s Border Management Authority reporting 168 Mozambicans sent back via Lebombo on June 7 and Zimbabwe and Malawi also accelerating returns. Mozambique–LNG Investment: Technip Energies, with JGC and Samsung Heavy Industries, won major Coral Norte FLNG engineering and construction work for Eni-led partners, targeting about 3.6m tonnes per year and doubling the Coral hub to 7m tonnes. Mozambique–Trade Security: South Africa’s Hawks arrested a 42-year-old police sergeant at Lebombo Port of Entry over alleged corruption tied to vehicle smuggling, theft and insurance fraud, after a covert operation recovered R80,000. Regional Trade Facilitation: Zimbabwe, Malawi and Mozambique launched a drive in Harare to cut bottlenecks on transport corridors, citing border delays, fragmented rules and infrastructure gaps that raise business costs. Southern Africa Health & Mobility: IOM’s “HIV Knows No Borders” programme is working with mobile communities around Beitbridge to reduce stigma and improve access to HIV testing and child protection across seven countries, including Mozambique.

Mozambique LNG Deal: Technip Energies, with JGC and Samsung Heavy Industries, has won an EPCIC contract worth over €1bn for the Coral Norte floating LNG project offshore Cabo Delgado, targeting about 3.6 million tonnes per year and lifting the Coral hub to roughly 7mtpa—another big step for Mozambique’s LNG push. Regional Trade & Transport: Zimbabwe, Malawi and Mozambique launched a drive in Harare to cut bottlenecks on southern Africa transport corridors, blaming border delays, fragmented rules and weak infrastructure for higher business costs. South Africa Migration Fallout (Mozambique angle): As xenophobic tensions rise in South Africa, Mozambique is among countries reporting repatriations and safety concerns; civil society says Ramaphosa’s crackdown plan focuses too much on enforcement and not enough on stopping violence. Local Industry Boost: AMAL Industries in Beira started a new block-bottom valve cement bag unit, aiming to strengthen local packaging supply, support construction and reduce import reliance. Governance & Business Risk: Namibia denied it is part of any 2028 AFCON co-hosting bid, while in South Africa a Hawks sting arrested a police sergeant at Lebombo border post over alleged corruption linked to vehicle theft and fraud.

Mozambique LNG Outlook: Standard Bank says Rovuma LNG could add about $11bn a year to GDP and help build a wider LNG and domestic gas industry, with first production targeted around end-2030 after a roughly $30bn capex push. South Africa Gas Pricing: Nersa is considering caps on gas price hikes to protect industrial users as the region faces a looming gas supply cliff and Sasol’s dominant role raises affordability risks. Mozambique LNG Contracts: French firm Technip Energies won major work on the Coral Norte FLNG project offshore Mozambique, a key step in the Rovuma Basin LNG buildout led by Eni and partners. Regional Energy Infrastructure: South Africa’s Ngqura LNG terminal deal is framed as a potential anchor for gas-to-power capacity, with the project positioned to support industrialisation in the Coega SEZ. Migration Shock Spillover: South Africa announced a crackdown on illegal migration and warned only authorised officials can enforce immigration rules, as xenophobic unrest continues to drive repatriations including Mozambicans. Human Rights & Health Aid: Human Rights Watch says US health agreements with several African states, including Mozambique, are tied to “troubling conditions” over data access and extractive rights. Security in Mozambique: A Mozambique bishop was killed in Quelimane, prompting calls for a thorough investigation and stronger protection for religious workers.

Mozambique LNG & gas investment: Standard Bank says ExxonMobil’s Rovuma LNG could lift Mozambique’s economy by up to $11bn a year, add tens of thousands of jobs and generate about $4bn in annual fiscal revenue, with first gas targeted for 2030 and an estimated $30bn investment. FLNG project momentum: Technip Energies won an EPCIC contract (with JGC and Samsung Heavy) for Eni-led Coral Norte FLNG, designed to produce ~3.6 mtpa of LNG and double the Coral hub to 7 mtpa. Local business in gas value chains: Mozambique’s energy minister urged national firms to plug into gas projects via partnerships, training and SME participation, citing capacity building for thousands of Mozambicans and hundreds of companies. Climate-smart fisheries: Mozambique is highlighted for building a more resilient blue economy through community co-management, ecosystem restoration and stronger value chains to protect coastal livelihoods. South Africa migration crackdown spillover: South Africa’s Ramaphosa announced tougher action against illegal migration, including employer penalties and faster deportation processes—while Mozambique reports repatriation of 169 citizens after xenophobic attacks. Regional trade & safety: Mozambique also condemned attacks on its citizens as border traffic and informal trade remain intense with South Africa.

Mozambique Business & Trade: Vodacom Business Mozambique launched a business continuity service to keep internet connectivity running for critical operations during network disruptions. Regional Energy & Cost Pressures: A new wave of fuel-price unrest across East Africa, including Mozambique, is being linked to global oil supply shocks and the region’s heavy dependence on imported refined products—raising the risk of wider economic spillovers. South Africa Migration Crackdown (Mozambique angle): South African President Cyril Ramaphosa announced tougher action on illegal migration, including jailing employers of undocumented workers, speeding up deportations, and introducing biometric registration—while warning citizens not to carry out “street checks” or vigilante enforcement. Cross-border Health Security: Kenya and Uganda joined ECSA-HC at Busia to assess Ebola preparedness at a key trade border, focusing on screening gaps and standard operating procedures. Mozambique Economy & Industry: President Daniel Chapo inaugurated a Manica slaughterhouse and sausage factory (200m meticais) aimed at cutting pork imports and boosting local food production. Public Safety & Governance: Mozambique reported another police officer killed in Matola, as investigations continue amid concerns about rising organised crime and kidnappings.

Mozambique–China Development: China and Mozambique marked 10 years of strategic cooperation with progress on infrastructure and services, including the Maputo–Katembe Bridge, expanded water supply for about 72,000 residents, and new household toilets in Tete—boosting trade and everyday living. Mozambique Agribusiness Push: President Daniel Chapo inaugurated a Manica slaughterhouse and sausage plant (200 million meticais) aimed at cutting pork imports, while urging farmers to expand output to reduce dependence amid the fuel and cost pressures. Mozambique Banking Expansion: FDH Bank confirmed it has acquired a controlling stake in Ecobank Mozambique, positioning the lender to grow forex and trade finance across Southern Africa. South Africa Xenophobia Spillover: Anti-migrant violence in South Africa continues to disrupt regional mobility and business activity, with Mozambique reporting citizens killed and repatriation efforts underway; authorities also warn against abuse of migration and transport systems. Energy & Trade Links: South Africa advanced gas-to-power planning for Richards Bay via an agreement with Zululand Energy Terminal, while regional energy groups push investment and mineral value-chain cooperation. Global Cost Pressure: UNICEF warned that Middle East-linked transport disruptions are raising humanitarian logistics costs, hitting aid deliveries to children.

Mozambique–China Development: On the 10th anniversary of their strategic partnership, China and Mozambique highlighted progress in infrastructure and services, including the Maputo–Katembe Bridge and water, sanitation and household toilet projects that are improving daily living in Maputo and Tete. Banking & Trade Finance: FDH Bank Plc says it has deepened its regional push by acquiring a controlling stake in Ecobank Mozambique, aiming to boost foreign exchange inflows and expand trade finance for cross-border businesses. Energy Deals: South Africa’s Eskom signed a heads of agreement with Zululand Energy Terminal to move ahead with LNG import and gas-to-power planning for Richards Bay—an energy-security signal for the region as gas supply concerns grow. Mining Policy: Mozambique’s new mining rules tighten state control with a 15% stake requirement and local processing push, echoing wider African efforts to capture more value from minerals. Humanitarian & Migration Pressure: Mozambique reported 545 citizens returning via Ressano Garcia after violence against foreigners in South Africa, while voluntary repatriation efforts continue amid xenophobic unrest. Food & Costs: Tiger Brands warned some food prices may rise as fuel, logistics and input costs squeeze manufacturers. Climate & Public Health: World Environment Day coverage underscored worsening climate risks, while a global drinking-water assessment flagged unsafe water as a major health and development drag across many African countries.

Banking Expansion: FDH Bank Plc deepens its regional footprint by acquiring a controlling stake in Ecobank Mozambique S.A, aiming to boost trade finance and foreign-exchange inflows. Energy & Gas-to-Power: South Africa’s Eskom signs a heads of agreement with Zululand Energy Terminal for an LNG import and gas-to-power push in Richards Bay, with regional energy security and investment in focus. Mozambique Returns Home: Mozambique reports 545 citizens fleeing anti-immigration violence in South Africa have crossed back via Ressano Garcia, with health checks and reintegration support. Mining Policy Shift: Mozambique moves to tighten control of minerals by taking a 15% state stake in domestic mining ventures and pushing local processing by restricting exports of non-processed resources. Food Inflation Watch: Tiger Brands warns some consumers may face higher prices as fuel, logistics and input costs squeeze manufacturers. ICT Exports Angle: Sparc Systems unveils a blueprint to scale Malawi’s ICT services exports across Africa, highlighting the region’s push for forex-generating digital industries. Regional Migration Risk: Xenophobic violence in South Africa continues to drive repatriation and security advisories across neighbouring countries, including Mozambique.

Mozambique–South Africa Migration Fallout: Mozambique says 545 citizens fleeing anti-foreigner violence have returned via Ressano Garcia, with health checks, food and reintegration support arranged at the border. Energy & Gas Infrastructure: Eskom signed a heads of agreement with Zululand Energy Terminal to secure LNG import and regasification for a planned 3,000MW Richards Bay gas-to-power project, aimed at easing a future gas supply squeeze. Mining Policy Shift: Mozambique moves to tighten control of its mineral wealth with a 15% state stake in domestic mining ventures and rules pushing local processing by restricting exports of non-processed resources. Regional Business & Finance: Afreximbank appointed Peter Adeshola Olowononi as director of regional operations for Southern Africa, covering Mozambique and 12 other markets. Tech Services Expansion: Smart Hands Africa added Supermicro as an authorised services partner, expanding installation, support and maintenance services across multiple African territories including Mozambique. Market Signals: Mozambique’s PMI edged up to 49.9 in May, while Nigeria led improvements across the region.

Migration Fallout: South Africa’s Ramaphosa will send special envoys across Africa after weeks of attacks on migrants, with Mozambique reporting five citizens killed and several countries issuing security advisories and arranging evacuations. Business Risk in SA: Mozambique’s CTA warns that delays in paying State invoices are squeezing SMEs’ cash flow and jobs, urging a permanent budget line and a clearer arrears settlement plan. Mozambique Mining Push: Mozambique’s new mining law requires a minimum 15% free, non-dilutable state stake in all projects and pushes local processing, alongside a 10% revenue contribution to a local development fund. Energy Deals: Eskom signed an agreement with Zululand Energy Terminal to back a Richards Bay LNG-to-power project, targeting 3,000MW. Power Market Signals: Non-Eskom generation rose 17.5% year-on-year in March 2026, while Eskom output fell, shifting the grid mix. Tech for Industry: Smart Hands Africa added Supermicro to expand post-sales services across multiple African territories including Mozambique. Regional Trade: Indonesia is expanding Sub-Saharan trade partnerships, with Mozambique among participating countries. PMI Watch: Nigeria led business activity growth in May; Mozambique’s PMI edged up to 49.9. South Africa Xenophobia Economy: Fear is spreading among foreign-owned businesses in KwaZulu-Natal, with salon owners reporting pressure to hand over legally rented premises.

Mozambique Mining Overhaul: President Daniel Chapo signed a law requiring 15% state ownership in all mining ventures and local mineral processing, aiming to capture more value from strategic resources like graphite. IMF Talks in Maputo: Mozambique heads into IMF engagement with a weaker outlook, with growth forecasts cited around 0.5% and pressure from fuel, fertiliser prices, tighter financing and falling aid. Banking Expansion: FDH Bank says its Mozambique move—via a controlling stake in Ecobank Mozambique—will deepen regional trade finance and cross-border services across Southern Africa. Regional Finance Integration: UBA marked Africa Day 2026 across 20 countries, pushing its message of connecting markets and businesses. South Africa Logistics Reform: Transport Minister Barbara Creecy outlined freight rail and port upgrades, including private rail operators on Transnet from April next year, plus Cape Town terminal expansion. Power Watch: South Africa’s electricity output fell 9% year-on-year in April as demand softened, despite grid stability. Xenophobia Fallout in SA: Mozambique reported deaths of its citizens in Mossel Bay amid anti-immigrant violence, while South African authorities dispute figures and call for lawful handling.