Browsing: Business

Business Part of the land in Sommerschield to be taken over by ExxonMobil. Photo © Tom Bowker / Zitamar News
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ExxonMobil has bought the rights to a 12 hectare plot of land in Maputo, capital of Mozambique, from state telecoms operator TMCEL, Zitamar News has learned. The US oil giant has paid $47 million for the plot in Sommerschield, neighbouring the Eduardo Mondlane University campus, [...]

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Business Map showing directions from Pemba in the south to Palma in the north, via Mocimboa da Praia. Image: Google Maps
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ExxonMobil is is looking for a private security company to work with Mozambique’s state security forces to protect its staff and projects in Cabo Delgado, where an insurgency shows no sign of easing more than a year after the first attacks.

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Business Workers on a gas rig offshore Mozambique. Photo: Anadarko
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Mozambican insurers will be excluded from a multi-million dollar contract for the Anadarko-led LNG project in Mozambique, as no local firm meets the tender requirements, Zitamar understands. A call for expressions of interest (EOI) to provide onshore [...]

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Business The building site for CDM's new brewery in Marracuene, currently home to a small restaurant serving CDM beer. Photo © Alexandre Nhampossa / Zitamar News
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Mozambican brewing company Cervejas de Moçambique (CDM), part of the giant AB InBev group, has started building its new brewery on land sold to it by a Frelimo general in a process expedited by the governor of Maputo Province, Raimundo Diomba.

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Business Satellite view of Ilha Tecomaji and the Afungi Peninsula. Image: Google
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Anadarko and ExxonMobil’s plans to build giant LNG export projects in northern Mozambique have derailed construction of a tourism complex on Ilha Tecomaji by a company part-owned by a former minister of natural resources. Anadarko and ExxonMobil’s refusal to engage with Tecomaji Lda “is in [...]

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Agriculture A Dadtco mobile cassava processing facility
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The company supplying cassava to Mozambican brewer CDM to make its Impala beer is expanding into producing cassava flour, after working to help curb a disease that has threatened the country’s cassava production. Majority South African-owned Dadtco Philafrica started processing cassava in [...]

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Business Governor Rogerio Zandamela, left, answering questions from a parliamentary committee chaired by Eneas Comiche, facing Zandamela. Photo © Antonio Nhangumbe, 20 November 2018
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A replacement software provider for Mozambique’s ATM and card payments system should arrive in Mozambique this week for “accelerated negotiations” with a view to restoring services which have been out of action since Thursday night, central bank governor [...]

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Business The shuttered former Usave store in Dondo, Sofala. Photo © Raindinho Geriano
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UPDATE, 15 November 2018, 09:20: Shoprite has confirmed it has closed the Usave store in Dondo, "but no firm decisions have yet been made on the other two Usave branches in the country." South African supermarket chain Shoprite is closing  a number of its smaller retail outlets in [...]

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