Maputo:  Mozambique is committed to the development of small scale fishing and aquaculture because it considers this to be a strategic vector for developing food security and contributing to improving the balance of payments. According to the Minister of Fisheries, Victor Borges, the fishing sector in Mozambique plays a strategic role in food and nutritional security, raising foreign exchange and generating jobs with an annual catch of 200,000 tonnes. Speaking in Maputo on 22 April during a regional meeting on the effects of climate change and natural disasters on the fisheries sector, the Minister pointed out that last year the country had to cope with a serious outbreak of white spot disease that affected about 600 tonnes of production.

Johannesburg: Despite the ongoing growth and progress, greenfield FDI projects into Africa dropped year on year in 2012. Although this is obviously disappointing, it should be noted that the decline occurred in a context in which there were substantial declines in FDI projects globally. In fact, the global situation was such that Africa actually grew its overall share of FDI project flows from 5.4 to 5.6%. Nonetheless, investment from developed markets in particular was disappointing. Although FDI projects from the UK grew, those from the US and France, the other two leading developed market investors in Africa, were considerably down.

Jakarta:  Mozambique has asked Indonesia to increase its trade with and investment in African countries and vice versa. "Politically Indonesia has been widely known for a long time in Africa. The challenge for the country now is realizing the concept of economic cooperation with African countries including my country (Mozambique)," Mozambique's Foreign Minister Oldemiro Baloi said on the sidelines of his meeting with Indonesian Foreign Minister Marty Natalegawa here on Monday.

Maputo:  Mozambique’s electric power production potential has risen from 12,000 to 18,000 megawatts in the wake of recent studies that include new and renewable energies, the energy minister has stated, reports the Maputo-based state daily Notícias. Although Mozambique has conditions to produce energy to supply the domestic and regional markets, to do so requires the construction of production and transport infrastructures whose cost is beyond the financing capacity of the Mozambican state alone.

Maputo: I will focus my remarks today around three themes: first, the global economic outlook; second, where Sub-Saharan Africa stands in the current environment; and third, the challenges and opportunities for Mozambique. What I would like to leave with you is a sense of the possible. Africa is changing and the world is noticing. Mozambique is a leading example of how much can change in a single generation. Much remains to be done, and we will talk about those challenges, too. But the potential for Africa and for Mozambique is huge. The biggest challenge is to seize that opportunity.

Maputo:  Mozambique’s 19 donors and funding agencies, who provide direct support to the state budget, known as the Programme Aid Partners PAP or G-19,  argued that the main challenge facing the country is to transform strong economic growth into comprehensively inclusive growth. State News agency AIM reports on Saturday that the G19 stressed this view was stressed during their annual review meeting in Maputo on Friday.

Maputo: The projection for economic growth of the Mozambican economy in 2013 has been lowered from 8 percent to 7 percent, as a result of floods at the beginning of the year that mainly affected the south of the country, a director of the Bank of Mozambique said Monday in Maputo.  Whilst presenting the “Economic Climate and Outlook for Inflationâ€� publication for April 2013, director Waldemar de Sousa also said that the rate of inflation in 2013 would be greater than that for 2012.

This study examines the nature and functioning of the labour market in Mozambique. There is little disagreement that the country has achieved remarkable success over recent decades, particularly when viewed at the aggregate level. Over nearly 20 years, Mozambique has boasted one of the world’s highest rates of GDP growth and has successfully moved from post-conflict stabilization and reconstruction into a more mature developmental phase. Future prospects for the economy are also strong due to investments and new discoveries in the natural resources sector (principally coking coal, thermal coal and natural gas). These will potentially turn Mozambique into a significant global player in these commodities over the next 25 years. The country’s development record, however, is not unblemished.

Washington:  The World Bank Board of Executive Directors have approved two International Development Association credits totaling US$150 million to boost the Government of Mozambique’s efforts to improve the performance of commercial agriculture and smallholder farmers, while also improving people’s food and nutrition security. The first US$50 million credit will support the government’s First Agriculture Development Policy Operation (AgDPO-1), the first of three operations designed to promote private sector-led agriculture in order to improve access to food and better nutrition.

Maputo:  The Mozambican government has awarded the concession for construction of the deep water port of Techobanine, in the Matutuíne district of Maputo province, the Mozambican prime minister announced. According to daily newspaper Notícias, Alberto Vaquina did not, however, identify the contractor for the project costing an estimated US$7 billion, which will be funded by the Mozambican and Botswana governments.