Extractives
Politics & Economy
0

US adds Mozambique to East Africa counter-terrorism initiative

Mozambique has joined the United States’ main counter-terrorism funding framework for East Africa, following the appearance of a terrorist group in late 2017 in the province of Cabo Delgado where US oil companies Anadarko and ExxonMobil are developing [...]

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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
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 [...]

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