Intelligent news from Mozambique

​Zitamar Daily Briefing, 11 April 2018

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Welcome to Zitamar’s daily Mozambique briefing for 11 April, 2018.

Agenda

  • Today: Bank of Mozambique monetary policy committee meeting, with decisions to be announced by governor Rogério Zandamela at 4pm

The latest from Zitamar News:

Mozambique fuel pipeline company plans new depot to supply hinterland

A depot at Vanduzi would save oil tankers a 500km round trip to Beira and back

Mozambique president to visit LNG and terrorism sites in Cabo Delgado

Nyusi’s four-day trip to his home province will start tomorrow with the inauguration of Syrah Resources’ graphite mine

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The best of the rest:

  • National elections set for 15 October 2019
  • Inflation up to 0.97% in March
  • Police and presidential guard intervene in Nyusi’s son’s nightclub fight
  • Ambassador to France replaced
  • Government approves simplified Commercial Code
  • Beira municipality accuses Frelimo of spreading garbage around town

 

National elections set for 15 October 2019 (Press Release)

President Filipe Nyusi today decreed that presidential, national, and provincial elections will be held on 15 October 2019 – the same date as they were held in 2014.

It appears that the provincial elections will be held on a ‘head of list’ system, the head of each party’s list being their candidate for governor of the province. It should be the first time that provincial governors come from parties other than Frelimo – though they will work alongside ‘state secretaries’ appointed by the President, who almost inevitably will be Nyusi for a second term.

Inflation up to 0.97% in March (Notícias)

Monthly inflation hit 0.97% in March, up from 0.36% in February and 0.4% in January. 12-month inflation remains low, at 3.05%.

The March rate is almost as high as in December, which traditionally is the top of the inflation cycle thanks to the festive season. The figure will be on the minds of the Bank of Mozambique’s monetary policy committee as they meet today to decide on policy adjustments.

Police and presidential guard intervene in Nyusi’s son’s nightclub fight (Canal de Moçambique)

Florindo Nyusi, President Nyusi’s son, called the presidential guard and the police to arrest two sons of Vodacom chairman Salimo Abdula – one of whom is just 15 years old – following a fight in a nightclub in Maputo in February, Canal de Moçambique reports today. Florindo Nyusi’s lifestyle had been criticised by political commentator Ericino de Salema in the weeks leading up to Salema’s abduction and beating last month.

Ambassador to France replaced (Rádio Moçambique)

Alberto Maverengue has been named Mozambique’s new ambassador to France, leaving his current job as head of the African and Middle Eastern department at the ministry of foreign affairs (MINEC), and replacing Alexandre Zandamela in Paris.

Maverengue’s appointment is the latest in the game of musical chairs at MINEC since Jose Pacheco was appointed minister late last year. The head of mission in France is a key one – two French companies plan to buy Mozambique’s LNG, a French contractor is building its FLNG plant, it is a partner in security in the Mozambique channel, and is one of the western countries that got its hands dirty in the ‘hidden debts’ scandal.

Government approves simplified Commercial Code (O País, CanalMoz)

The Council of Ministers yesterday approved a decree altering Mozambique’s Commercial Code with the aim of reducing bureaucracy and increasing flexibility in commercial activities. Company contracts will no longer need to be recognised by notaries in the presence of signatories, capital will no longer need to be deposited in companies when they are established, and minority shareholders will be protected through greater accountability from directors and other managers.

Beira municipality accuses Frelimo of spreading garbage around town (Canal de Moçambique)

The Beira city government says it has caught a truck belonging to the local Frelimo party distributing litter around the town, in what it says is an attempt to discredit the municipal government led by MDM president Daviz Simango.

Beira will be a hard-fought municipality in this October’s elections, with both Renamo and Frelimo believing they have a chance of beating the MDM leader.

© 2018, Zitamar Ltd. Reproduction and dissemination prohibited without written permission.

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