Keep up with all the news from the African Century Real Estate group and the industries in which we operate.

News

Challenges before Mozambican gas flows to Asia

After many delays, 2019 has become the year when, finally, both liquified natural gas (LNG) projects in Cabo Delgado, in northern Mozambique, are underway. But a few challenges still remain before they become a reality and, in 5–6 years, Mozambique becomes Africa’s biggest LNG producer, exporting energy to China and other Asian countries. Mozambican President…

Details

China Energy Engineering group builds thermal power plant in Mozambique

Somagec Mozambique, a subsidiary of the China Energy Engineering Corporation group, will build a coal-fired power station in Nacala-a-Velha district, Nampula province, Mozambican newspaper O País reported. The schedule of this project, seen by the newspaper, states that the construction works should be completed by 2022, with an estimated cost of 21.7 billion meticais (US$355…

Details
Mozambique’s ENH secures funding for natural gas project in September

ENH secures funding for natural gas

ENH secures funding for natural gas A US$2.0 billion financing contract is due to be completed in September, the chairman of Mozambique’s national oil company ENH, said on Wednesday in Maputo. Omar Mithá spoke about the news that ENH secures funding for natural gas. Mithá spoke about the loan during a open class for undergraduate,…

Details