Careful there, German investors.*
From Oil Review Africa, 6 Oktober:
Germany’s economic commitment to Mozambique is set to be strengthened as the Germany Africa Business Forum (GABF) embarks on a three-day trade mission to encourage, promote and facilitate trade and investment between German businesses and a growing Mozambican economy
German investors will visit Mozambique during the Mozambique Gas & Power (MGP) 2021 Conference & Exhibition taking place from 8-9 March 2021, an opportunity organised by Africa Oil & Power (AOP) in partnership with Mozambique’s Ministry of Mineral Resources and Energy (MIREME) and the government of Mozambique.
The GABF further congratulates Filipe Nyusi, President of Mozambique for his selection as Africa “Person of the Year” for 2020. “Thanks to the leadership of His Excellency President Nyusi, Mozambique is on the verge of becoming an international player in the global energy market, and the GABF calls on German investment and technology to play a part in this transformation,” stated Sebastian Wagner, executive chair of the GABF.
The investor mission provides German investors an opportunity to engage with major Mozambican businesses and political stakeholders. The goal of the investment roadshow is to deepen German-Mozambican relationships in light of Mozambique’s recent discovery of substantial natural gas fields, largely considered a game-changer for the country and its people....
.... MORE
*In addition to commercial competition from the Japanese:
Bulk Shipping: Japan to Close 100 Coal Fired Power Plants (bets big on Mozambique LNG)
There are also some other risks.
From the New York Post, October 1:
ISIS militants wreak havoc in Mozambique, killing more than 1,000
Oddly, we haven't seen much coverage of what appears to be a pretty major story.
