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 [...]
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, [...]
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.
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 [...]
Fastjet could go bust at the end of this week if it cannot extricate itself from leasing agreements for its two aircraft in Tanzania after it decided to pull out of the country, Zitamar
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.
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 [...]
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 [...]
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 [...]