Browsing: Business

Opinion Vamizi Island in the Quirimbas Archipelago. Photo:  ww.visitmozambique.net
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As Mozambique’s economic crisis continues, one way of increasing the flow of foreign exchange into the country would be to boost tourism. But visitor numbers are on the slide, despite the government of President Filipe Nyusi picking tourism as one of four [...]

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Business Milibangalala beach, Maputo Province. © Zitamar News
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Local community and business leaders in the southern Mozambican town of Ponta do Ouro have held a meeting with police to agree on a way forward after a series of incidents of corruption and intimidation hit booking numbers in the popular tourist town. The community told senior police [...]

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Economy Mozambique finance minister Adriano Maleiane testifying in parliament regarding ProIndicus, EMATUM, and MAM, 18 May 2016
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Mozambique’s government will step in to make a $134 million repayment next week on a loan it guaranteed for Mozambique Asset Management (MAM) if the company has not found a way to make the payment, the finance ministry has confirmed to

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Business Photo: Green Resources
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Green Resources, a Norwegian company that owns major forestry plantations in northern Mozambique, is set to ask shareholders for $15 million to cover operational costs after the company’s second biggest shareholder sold its stake at the end of April at an [...]

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Agriculture Ernesto Max Tonela-Ministro Industria e Comercio_Majid Saif Al Ghurair-P...
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Maputo became home to the third Dubai Chamber of Commerce and Industry on the African continent yesterday, with Mozambique joining Ethiopia and Ghana as a priority investment destination for the Arab Emirate. Agriculture, infrastructure, power generation, tourism, and transport were [...]

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Economy Prime Minister Carlos Agostinho do Rosario addressing journalists on 28 April 2016. © Zitamar News
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Mozambique’s government has promised to work out what portion of the $1.16 billion debt it guaranteed for ProIndicus and Mozambique Asset Management was “in the public interest” – taking that part onto the state balance sheet, while hoping the companies [...]

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