Browsing: Business

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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Storage & Warehousing The Nacala railway. Photo: Mitsui
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- Gunvor is paying for the $20 million refurbishment of Nacala fuel terminal, and is negotiating rights to all non-coal capacity on the Nacala rail line, sources say - Traders fear the deal will give the Swiss-based commodities trader control of fuel sales to Mozambique’s [...]

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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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