British security consultant shot in attack close to Cabo Delgado LNG projects
A British security consultant was shot by attackers who also killed a passing cyclist, close to the town of Palma in Cabo Delgado on Tuesday, 3 December
Browsing: Business
Mozambique takes first steps to stem dangerous use of pesticides
Only a small proportion of farmers in Mozambique use pesticides, but numbers are growing, particularly after a plague hit corn fields in 2017 and 2018
One dead in latest bus shooting in central Mozambique
One person died and five were injured on Thursday morning when unknown individuals opened fire on a passenger bus and a truck travelling along Mozambique’s main north-south highway, between the towns of Inchope and Gorongosa in Sofala [...]
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Privinvest continues offshore logistics operation in Mozambique despite litigation
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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‘No sugar mill will be closed in Mozambique’ – minister
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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Property developer Grit cashes in on Mozambique gas and mining boom
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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Tongaat Hulett could now close both Mozambican sugar mills
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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BM interest rate cut brings policy into top end of IMF’s ‘normal’ range
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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Mozambique’s Mafambisse sugar mill on the brink of shutdown
The Mafambisse sugar mill is on the brink of being closed, Zitamar News has been told by various sources, as its South African majority owner, Tongaat Hulett, is seeking [...]
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