Browsing: Business

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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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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