Browsing: Business

Agriculture Sugar cane at Tongaat Hulett's Mafambisse estate
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The government of Mozambique is guaranteeing that sugar mills in Mafambisse and Xinavane will not be closed and no workers will be laid off, despite financial troubles for the mills’ majority shareholder, trade minister Ragendra de Sousa told

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Business Commodity House 2 in Maputo, home to ExxonMobil in Mozambique
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Property developer Grit Real Estate Income Group appears to be cashing in on the anticipated resource boom in Mozambique, as oil and mining companies are estimated to be paying a total of around $5-6 million a year in rent for their offices and luxury flats in Maputo and Tete. Anadarko is [...]

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Agriculture The Xinavane sugar refinery. Photo: Tongaat Hulett
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The Xinavane sugar mill in southern Mozambique is under threat of closure following a decision by its majority owner, South Africa’s Tongaat Hulett, to walk away from its other Mozambican mill at Mafambisse in the centre of the country.

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Economy Bank of Mozambique governor Rogerio Zandamela. Photo: Bank of Mozambique
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The Bank of Mozambique (BM) this week took another step toward ‘normalising’ monetary policy in the country, cutting its policy interest rate for the first time this year to bring it down to the top end of a range that IMF economists say would be [...]

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Agriculture Photo: www.facebook.com/mozfert/
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The fertiliser market in Mozambique will grow and become more competitive, one of Africa’s biggest fertiliser producers, OCP,  has said, after rival mining and phosphate company Ma’aden has entered the market.

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Business Photo: Fastjet on Facebook
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In March 2018, East African low-cost airline Fastjet was bullish about its freshly launched business in Mozambique; in five months, the airline had achieved “strong load factors” on its initial routes between Maputo and Beira, Nampula and Tete. But just over a year later, Fastjet says its [...]

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