Browsing: Business

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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Economy Finance minister Adriano Maleiane presenting the 2018 budget to parliament, 11 December 2017.
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The Mozambican government is working to find a solution to pay civil servants’ salaries for April, which were due last week, after failing to borrow MZN 3 billion from the domestic banking system. The Ministry of [...]

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Aid World Food Programme staff load and unload aid at Beira airport. Photo © Deborah Nguyen/WFP
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The head of the private company chosen by the Mozambique government to work with the World Food Programme (WFP) in distributing aid to cyclone and flood victims in central Mozambique lost his job at the Port of Beira in 2014 for failing to prevent [...]

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Agriculture The Xinavane sugar refinery. Photo: Tongaat Hulett
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South African sugar producer Tongaat Hulett, which operates two sugar plantations in Mozambique, is entering talks with its creditors after warning investors it made a $90 million loss over the last year - a drastic turnaround from the $44 million profit the company made the year [...]

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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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