- Mozambique's state oil and gas company, Empresa Nacional de Hidrocarbonetes (ENH), has today announced the signing of a $30 million deal with an Indonesian mining company, PT Kalila Production.
The deal involves a contract for gas exploration in the central Sofala province of the country.
According to ENH's Chief Executive Officer, Nelson Ocuane, the investment for gas prospection will last the next eight years.
"We have signed the deal for the amount of $30 million and ENH has ceded 75 percent of its shareholding in the Buzi bloc to PT Kalila production, the two companies would have joint operations in technical, research and production," Mr Ocuane told reporters today.
The government last year awarded ENH a licence to explore for gas in Buzi, which is reported to have reserves estimated at well over 10 billion cubic feet. The country is also said to huge gas deposits which have not been tapped into.
Meawhile, Mozambique has also announced 28 October this year for the holding of its presidential and parliamentary elections, where president Armando Guebuza will be seeking the second term amidst reported breaking opposition challenge.
Mr Guebuza came to power in 2005 having won 64 percent votes against 32 percent of the main opposition in the 2004 election.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
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