Intelligent news from Mozambique

​Zitamar Daily Briefing, 19 September 2017

0

Welcome to Zitamar’s daily Mozambique briefing for 19 September, 2017.

The latest from Zitamar News:

Mozambique to roll out $500m renewable off-grid electrification programme
Implementing such an ambitious programme will be challenging, but you can’t fault the ambition.

Mozambique offers new geological data for sale to mining investors
New aerogeophysical data is available for the so-called Cinturão de Lúrio, an area overlapping six districts in Nampula and four in Zambézia.

Petroleum-&-Taxation-Moz-17-640x100.jpg

The best of the rest:

Government delegation heads to India to rescue pigeon pea export deal (MediaFax)
The Mozambique Cereals Institute, a government agency, is heading to India to try and reactivate an agreement to export Mozambican pigeon peas to the country. The delegation will visit India in October and speak with India’s biggest public trading company, MMTC, to define annual quotas that Mozambique can sell to India.
The trade deal announced with some fanfare when Prime Minister Modi visited Mozambique last year has apparently been undone – with Mozambican producers’ now seeing their pigeon pea harvest rotting in the fields. Even if the deal can be brought back on track, the experience will have dealt a blow to efforts to persuade small-scale Mozambican farmers to produce cash crops for export.

G4S guard at Vale mine kills colleague accidentally (AIM)
An employee of security company G4S shot and killed his colleague who was relieving him at the end of his shift guarding Vale’s coal mine in Tete. The police are treating the incident as an accident – or ‘involuntary homicide’.
It’s the second killing at or around Vale’s coal mine this year – just two months ago a man was killed by the police while protesting at Vale’s expansion into the community in Moatize.

ProIndicus paid almost a million dollars to its directors in two years of (in)activity (@Verdade)
In its first two years, ProIndicus paid $884,561 in salaries to its chairman and directors, and spent $902,164 on buying and renting luxury cars, according to the leaked full Kroll report. The total payroll cost $2.1 million over the company’s first two years, and it paid $1.1 million to people whose identities are not revealed in the report.

EdM owes $90 million to Cahora Bassa Hydroelectric Plant (Macauhub)
Electricidade de Moçambique (EdM) “is working to pay off the debt” it has with the Cahora Bassa Hydroelectric Power Station, the state-owned company’s chairman said recently on a visit to Zambézia province. Mateus Magala, who acknowledged that the amount owed should have been paid in full in 2016, said the utility company owes $90 million to HCB.
EDM itself stopped supplying Zambia’s Zesco over an unpaid debt of $108 million, while HCB has been almost as strict with Zimbabwe’s ZESA. Luckily for Mozambican power consumers, the same standards don’t apply to dealings between HCB and EDM.

Maputo-Katembe bridge probably won’t open this year (AIM)
The aim of opening the Maputo-Katembe bridge in December probably won’t happen because the access road through the Malanga area of Maputo cannot be built until a power line that runs through it is rerouted, and street vendors moved. The deck of the bridge should still be fitted in December.

Nampula judges on strike over unpaid salaries (DW)
More than 80 elected judges in the province of Nampula have gone on strike over delayed salary payments. The judges are calling for three unpaid months from 2014 to be paid, and for the past three months of this year too.

Happening Today

Bank of Mozambique exchange rates as at 09:30

© 2017, Zitamar Ltd. Reproduction and dissemination prohibited without written permission.

Share.

Leave A Reply