Extractives
0

Resource nationalism in Tanzania driving gas investors to Mozambique

The high risk of resource nationalism in Tanzania means that oil companies are increasingly viewing neighbouring Mozambique as a “more predictable and dependable partner” for the development of offshore gas assets, according to political risk consultancy Verisk Maplecroft. Tanzania’s descent [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Politics & Economy
0

Mozambique seeks cancellation of loan guarantee in Credit Suisse lawsuit

Mozambique is calling for a British court to rule the guarantee granted by the Ministry of Finance to the offshore security company ProIndicus illegal, the office of the Prosecutor-General (PGR) said on Friday. The country also wants to be compensated, with interest, for all losses it has [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Business
0

Tongaat Hulett warns over $90m loss as Xinavane refinery start is delayed

South African sugar producer Tongaat Hulett, which operates two sugar plantations in Mozambique, is entering talks with its creditors after warning investors it made a $90 million loss over the last year - a drastic turnaround from the $44 million profit the company made the year [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Infrastructure
0

Floods leave thousands homeless, and halt Vale coal exports from Tete

Nine people have died and thousands have been left homeless by the flooding in Tete that has caused almost MZN 1 billion ($16 million) worth of damage to infrastructure in the province. The bridge over the Revubue, which connects Moatize with the city of [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Development
Heavy Industry
0

Frelimo holding company sells cement plant stake in $85m deal

A Singaporean company has agreed to pay $85 million for a majority  stake in a cement plant near Maputo which until last month was 99% owned by a company described as “the financial arm” of Mozambique’s ruling party, Frelimo. The cement plant project at [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In