MAPUTO, Oct. 4 (Xinhua) — The Coral North Floating Liquefied Natural Gas (FLNG) project in Mozambique reached its Final Investment Decision (FID) on Thursday, with a signing ceremony held in the capital, Maputo. The multi-billion-dollar project is jointly developed by Italy’s Eni Group, China National Petroleum Corporation (CNPC), Mozambique’s national oil company ENH, Korea Gas Corporation, and XRG, a subsidiary of Abu Dhabi National Oil Company. Located in the ultra-deep waters off Cabo Delgado Province in northern Mozambique, within Area…

Initiatives launched in Ethiopia over the past three years to boost cotton productivity and quality have significantly increased foreign currency earnings while also meeting domestic consumption needs, according to the Ministry of Agriculture. By focusing on modern farming techniques, the government has positioned cotton as a dual contributor to the economy, underpinning local industries while generating vital export revenue. The country has an estimated three million hectares of land suitable for cotton cultivation, offering considerable room for sectoral growth, according…

Zimbabwe is leveraging its fast-growing mining sector to drive a major energy transformation, with plans to channel more than US$9 billion into new power generation projects by 2030. This is reported by The Herald, a partner of TV BRICS.  The strategy, outlined by Energy and Power Development Minister July Moyo at the Africa Down Under Mining Conference in Perth, will see the country expand capacity to 5,432MW, nearly half of it from renewable sources, with 70 per cent of the…

South Africa’s economy posted a modest recovery in the second quarter of 2025, with gross domestic product (GDP) growing by 0,8% between April and June, Statistics South Africa announced on Tuesday.The growth comes after a sluggish 0,1% increase in the first quarter, and offers some relief for an economy still battling structural weaknesses, load shedding, and global market volatility. Key Drivers of Growth The manufacturing industry was one of the main drivers of growth, expanding by 1,8% and contributing 0,2…

Thani bin Ahmed Al Zeyoudi, the UAE Minister of Foreign Trade, met with representatives of the South African Business Council in the UAE to review opportunities to expand trade, investmentб and private sector collaboration between the two countries. This is reported by Emirates News Agency (WAM), a partner of TV BRICS. Discussions noted that the UAE’s non-oil trade with South Africa reached US$8.5 billion in 2024, a 14 per cent increase compared to 2023 and a 120 per cent rise…

Zimbabwe is witnessing a surge of interest from Indian investors across strategic sectors following recent business discussions in New Delhi. According to the Indian Ambassador to Zimbabwe, investments from India in the country now exceed US$600 million, spanning food processing, mining, textiles, agricultural equipment, and polymers, creating direct and indirect employment for up to 15,000 people. This is reported by ZBC, a partner of TV BRICS. Notably, two major agreements are already in motion: India’s rail engineering company will supply…

Colombia has reaffirmed its commitment to advancing South–South cooperation by positioning Ethiopia as a key partner and strategic entry point to African markets. This is reported by the Fana Media Corporation (FMC), a partner of TV BRICS. Speaking at a high-level business roundtable in Addis Ababa, Vice Minister for Foreign Trade, Felipe Quintero Suarez, announced the reopening of Colombia’s diplomatic mission in Ethiopia and highlighted ongoing bilateral efforts around air services, visa facilitation, and trade and cultural cooperation.  The roundtable…

TV Trade between Egypt and the United Arab Emirates (UAE) has experienced a dramatic surge, reaching US$4.8 billion in the first half of 2025. This represents a 77.7 per cent increase compared to the US$2.7 billion recorded during the same period in 2024, as reported by Daily News Egypt, a partner of TV BRICS. The announcement coincided with a visit to Cairo by UAE President Mohamed bin Zayed Al Nahyan. According to the official data, Egyptian exports to the UAE…

The usual clang of steel, dust of cement, and grit of construction boots were replaced by the sparkle of sequined gowns, the click of high heels, and the warmth of heartfelt applause as scores of women in South Africa’s construction industry gathered at The Houghton Hotel for the 6th annual cidb Empowerment and Recognition of Women in Construction (ERWIC) Awards. Thursday night was an evening where hard hats gave way to hairstyles, and reflective vests were swapped for red-carpet glamour…

Ecobank Transnational Incorporated (ETI) has officially announced its exit from the Mozambican market following the sale of its shares in Ecobank Mozambique S.A. to FDH Bank Plc, a Malawian financial institution listed on the Malawi Stock Exchange. The announcement was made via a statement filed with the Nigerian Exchange Limited (NGX) on Tuesday. According to Madibinet Cisse, ETI’s company secretary, the transaction represents a strategic shift in ownership and operations. He emphasised that no disruption is anticipated to banking services,…