Browsing: Business

Business The beach at Ponta do Ouro, southern Mozambique. Photo © Tom Bowker / Zitamar News
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Hotel owners and tourism authorities fear the rise of Airbnb is hitting their revenues - but the company argues it is a boon to tourism and communities Mozambique is Airbnb’s third fastest growing market in Africa, with the number of guests more than doubling between 2016-2017 - but [...]

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Business Photo © Obtala
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Forestry and agriculture company Obtala - soon to change its name to Woodbois - has decided to hold on to Mozambican forestry concessions but is looking to hand over its Tanzanian agriculture business to a more “patient” investor.

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Finance Helena Taipo
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Mozambique’s former labour minister - currently the country’s ambassador to Angola - has been accused by state prosecutors of receiving MZN 100 million ($1.64m) in corrupt payments while serving in the government of Armando Guebuza up to the end of 2014, [...]

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Business The Emose building in downtown Maputo. Photo via Facebook
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Frontier Services Group, the Chinese security and logistics company chaired by Erik Prince, is working with Mozambique’s state-owned insurance company, Emose, to sell insurance to Chinese companies operating in Mozambique,

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Business A part of Afritex Ventures' fishing fleet. Photo: Afritex Ventures
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A tuna fishing company based in Beira - part-owned by the Mozambican military’s investment arm which was involved in the $2 billion ‘hidden debts’ scandal - expects to sell 2,000 tonnes of tuna this year, while the EMATUM fleet sits rusting on the edge of [...]

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Business Chanfuta timber, one of the woods whose export has been restricted. Photo: Obtala
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The chairman of forestry company Obtala spent more than $14 million last week buying shares in the company’s forestry subsidiary, less than two weeks after the company suggested Obtala could abandon its Mozambique forestry concessions which are proving “a [...]

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