Browsing: Business

Agriculture
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Consultants sought for Arab Bank-financed Mozambique construction project

The government of Mozambique has launched a tender for consultants to design and manage a project to build a new higher education college in the north of the country, to be financed by the Arab Bank for Economic Development (BADEA).

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Business
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Zitamar News to move behind a paywall from 5 April

Zitamar News, the independent website providing daily news and analysis on Mozambique, will move behind a paywall from Tuesday 5 April. Since Zitamar launched in November 2015 it has become an indispensable source of information and business intelligence for the investor [...]

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Business
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Warnings of ‘unprecedented’ social unrest if bread price rises again

The price of bread needs to rise for the second time in six months thanks to steep inflation in the price of flour and other ingredients, according to the Mozambican association of bread makers (AMOPÃO) – but another hike could lead to unrest on the [...]

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Economy
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Mozambique sweetens EMATUM offer and waits for investors to bite

The Mozambique government has offered EMATUM bond investors an interest rate of 10.5% per year on up to $585.5 million worth of new government debt, to be repaid in 2023. The bond will be offered in exchange for the existing $697 million in EMATUM bonds [...]

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Business
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Norwegian forestry firm’s losses mount after Mozambique acquisitions

Green Resources, the Norwegian forestry company that grows eucalyptus and pine in northern Mozambique, Tanzania, and Uganda, lost $48.1 million in the 2015 financial year despite a significant reduction in spending in Mozambique’s Niassa province. The company’s biggest project in Mozambique [...]

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