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**Mozambique's Minister of Planning and Development, Salim Valá, says the country must accelerate economic diversification while awaiting higher revenues from major natural gas projects in the Rovuma Basin.**
Tax revenues from Mozambique's major liquefied natural gas (LNG) projects are expected to become significant only from 2029 or 2030, according to projections outlined by Minister of Planning and Development Salim Cripton Valá in a document prepared for an interview with Forbes Lusophone Africa, dated October 27, 2026, in Cape Verde.
The minister argues that while major energy investments move forward, Mozambique must strengthen agriculture, industry, tourism and small and medium-sized enterprises (SMEs), reducing its dependence on natural resource exports.
"Gas revenues will finance agriculture, industry, tourism and infrastructure, which are the sectors that create jobs for Mozambicans," reads one of the statements included in the interview preparation document.
The main natural gas projects in the Rovuma Basin represent an estimated combined investment of approximately $50 billion. These include Coral Sul, which has been producing gas since 2022; Coral Norte, scheduled to begin production in 2028; and Mozambique LNG, led by TotalEnergies, which is estimated to be around 40% complete.
The document also indicates that Mozambique LNG has awarded contracts worth more than $4 billion to local companies, highlighting the potential for Mozambican businesses to benefit from large-scale energy investments.
Despite this potential, Valá warns in the document against repeating the experience of the Mozal aluminium smelter, which operated for 25 years without generating sufficient downstream industrial processing of its output within Mozambique.
The government's strategy is to ensure that natural gas investments create opportunities for local suppliers, promote industrialisation and support job creation.
Mozambique therefore aims to channel future gas revenues into productive sectors, infrastructure development and broader economic transformation, in line with its National Development Strategy 2025–2044.
However, the realisation of these expectations will depend on project implementation schedules and the successful commissioning of new LNG production facilities.
**Ethiopian Airlines officially launched scheduled flights between Nacala, in Mozambique's northern Nampula Province, and Addis Ababa, the capital of Ethiopia, on Tuesday, October 27. The new route will operate three times a week, connecting passengers to a global network of more than 130 destinations.**
**The Real Madrid star has reportedly lost several sponsorship deals with Chinese companies following the circulation of a video in which he appears to make a joke about former Chinese leader Mao Zedong. The French forward has apologised, but the controversy continues to spark reactions across China.**
The Mozambican Government has decided to extend until March 2029 the validity of a $2.25 billion sovereign guarantee granted to creditors of the Mozambique LNG project, led by French energy giant TotalEnergies in Area 1 of the Rovuma Basin, Cabo Delgado province. The decision follows a revision of the financial timetable for the project, valued at approximately $20 billion.
Mozambique’s Ministry of Education and Culture (MEC) and Ministry of Finance are discussing mechanisms to settle outstanding payments owed to teachers, including overtime compensation, additional teaching shifts, salaries and career progression entitlements. The two institutions are also seeking financial resources to ensure the printing and distribution of school textbooks for the 2027 academic year.
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Mozambique and Russia have expressed their intention to strengthen economic and commercial cooperation, with the aim of identifying new investment opportunities and expanding bilateral relations. The commitment was highlighted on Monday, 26 October, during a meeting between Mozambican President Daniel Chapo and Dmitry Medvedev, Deputy Chairman of the Security Council of the Russian Federation, in Moscow.
US President Donald Trump raised allegations of fraud in Brazil’s presidential election on Monday, 26 October, following the re-election of Luiz Inácio Lula da Silva for a fourth term. Despite questioning the legitimacy of the electoral process, the American leader provided no evidence of irregularities.
England striker Harry Kane, who plays for Bayern Munich, won the 2026 Ballon d’Or on Monday, 26 October, beating France’s Kylian Mbappé of Real Madrid and Spain’s Lamine Yamal of Barcelona. The award, presented by France Football magazine, recognises the 33-year-old as the world’s best footballer following a season marked by an outstanding goalscoring performance.
The Mozambican Government is preparing to open document application centres in South Africa, Portugal and England within the next six months, aiming to improve access to public services for citizens living abroad and reduce the costs associated with travelling back to Mozambique.
