The Moatize-Macuse Railway Logistics Corridor, which is the largest infrastructure project in Mozambique, has reached its final stage, with the launch scheduled for 2019 and completion in 2022. This is according to the new newsletter, China-Lusophone Brief (CLBrief). The 639 km railway will transport coal from the mines of Moatize and Chitima in Tete to a new…
The federal government has announced that it has completed arrangements to concession six hydro power dams to private operators, who are in turn expected to build, operate and transfer them. Speaking at the 29th Power Sector Stakeholders’ meeting in Minna, Niger State, Minister of Power, Works and Housing, Mr. Babatunde Fashola disclosed that the move…
The federal government has announced that it has completed arrangements to concession six hydro power dams to private operators, who are in turn expected to build, operate and transfer them. Speaking at the 29th Power Sector Stakeholders’ meeting in Minna, Niger State, Minister of Power, Works and Housing, Mr. Babatunde Fashola disclosed that the move…
South African President Cyril Ramaphosa has proposed setting up a sovereign wealth fund to help boost economic growth, and his ruling African National Congress (ANC) backs the plan, two senior party officials said on Tuesday. Ramaphosa, who replaced scandal-plagued Jacob Zuma as ANC leader late last year, is trying to rekindle growth before next year’s…
Algerian state energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy its first overseas refinery, its CEO said on Thursday. “I am happy to say that 14 firms are on the list to do a JV on trading with us,”…
Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43,000, returned to his family 900 miles away and built a house with the proceeds. Then the money ran out. This year he went…