Business
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 [...]

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Development
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Mozambique says $3.2bn needed for cyclone recovery

More than 90% of the money will be spent helping central Mozambique recover from Cyclone Idai Mozambique will seek a total of $3.2 billion from international donors to help it recover from cyclones Kenneth and Idai, the government announced on Tuesday. Preliminary government [...]

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Heavy Industry
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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 [...]

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