THE U.S. APPROVES $1.5 BILLION POLITICAL RISK INSURANCE FOR MOZAMBIQUE GAS PROJECT

Highlights

• According to the statement issued by the embassy, the United States International Development Finance Corporation (DFC) has decided to provide up to $1.5 billion in political risk insurance to support the commercialization of natural gas reserves in Rovuma basin in Mozambique

• The success of this foreign investment is valued at over $60 billion and hence this gas project requires an insurance despite....