Author ZITAMAR NEWS

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Zitamar News provides reliable and intelligent daily news and analysis on Mozambique’s economy, politics, and business sectors, with a particular focus on the extractive industry. Zitamar News is written and edited in Maputo by Tom Bowker and Leigh Elston, and by Gavriel Hollander in London - with contributions from a network of reporters in Mozambique and the region. Read more here. To contact the editors, including leads or tips in confidence, please email: news@zitamar.com

Economy fuel tanker
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Industry players warned IMOPETRO, the company managing Mozambique’s fuel imports, of the dangers of awarding an import tender to unknown company Finergy, which has since failed to honour its import commitments, Zitamar News has learned. Finergy Petroleum, a secretive company [...]

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Electricity KARMOL LNG-to-powership in Nacala ©KARMOL
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Turkey’s Karpower is to switch its oil-fueled floating power plant in Nacala to run off LNG, in collaboration with the world’s biggest LNG shipping company Mitsui OSK Lines, in what will be the first LNG-to-power plant in southern Africa.

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Economy EMATUM's fleet in Maputo harbour, March 2018. Photo © Tom Bowker / Zitamar News
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Participating creditors will be required to confirm ‘bona fides’ with respect to ProIndicus, EMATUM and MAM transactions The Mozambique finance ministry today launched its formal call for investors in its dollar-denominated sovereign bond to accept the
Hidden Debts dossier Photo: AMT
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Privinvest, the contractor which supplied Mozambique’s controversial ‘hidden debts’ security companies, continues to do business in the country through a logistics subsidiary which provides services to offshore oil and gas operations, despite ongoing legal action [...]

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