Mozambique plans sovereign wealth fund to manage gas
revenue
Mozambique's government plans to establish a sovereign
wealth fund to manage income from future gas production, President
Filipe Nyusi said.
The state will also allocate a fixed portion of revenue to the
state budget to fund infrastructure development, poverty reduction
and economic diversification, Nyusi said in a speech on Wednesday
in the capital, Maputo.
Bloomberg, 27 March 2019
Afarak invests in clean energy at its Mogale Alloys plant
Swedish cleantech company Ripasso Energy on Friday handed over a
PWR BLOCK 400-F system, which converts industrial residual and
flare gases into electricity, to vertically integrated speciality
alloys producer Afarak at its Mogale Alloys processing plant in
Krugersdorp.
