Skip to content

Mozambique's forgotten wealth

The proposed sovereign wealth fund will not receive revenues from graphite or any other mining

Today’s front pages in Maputo. Photo credit: Faizal Chauque / Zitamar News

Good afternoon. The graphite industry is in the headlines again today, with a new project set to get underway in Niassa province, and Pemba’s port infrastructure being upgraded to take exports from Syrah’s mine in Balama, Cabo Delgado.

Given the growing importance of the industry, which is the topic of a forthcoming Zitamar News feature, it is odd that the proposed sovereign wealth fund, another topic in the news today, will not receive revenues from graphite or any other mining.

Leader article continues below for Pro subscribers. Subscribers to the Zitamar News tier can read the full leader article here.

From the Zitamar Live Blog:

Zitamar Mozambique Live Blog
The latest development in the ‘hidden debts’ proceedings in London — and another setback for Privinvest See today’s forthcoming Daily Briefing for more

The sovereign wealth fund law should be debated in parliament later this year, in a revised form. The revisions have yet to be seen by civil society organisations working on the topic, or even by members of parliament, it seems; however, there has been no indication that the source of revenues for the fund will be broadened beyond just oil and gas.

This post is for subscribers on the Zitamar Pro tier


Already have an account? Log in