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Business

The Rani Towers, or Torres Rani, in Maputo

4. September, 2018 0

Saudi group seen selling Mozambique portfolio of luxury resorts and Rani Towers

Maputo’s iconic Rani Towers, inaugurated by President Filipe Nyusi last year, are already up for sale by their Saudi and Thai co-owners - along with four luxury tourism developments in Mozambique, Zitamar [...]

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Business
31. August, 2018 0

Bank of Mozambique keeps cautious stance ahead of election season

The Bank of Mozambique’s monetary policy committee (CPMO) yesterday kept its central lending and deposit rates steady, in the face of uncertainty over what effect the coming electoral cycle will have on inflation.
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Business
23. August, 2018 0

New southern Mozambique brewery targets October 2019 completion

Mozambican brewing company Cervejas de Moçambique (CDM) is planning to invest $180 million in a new brewery that it will build by October next year, according to the company’s chairman, former minister and senior Frelimo member Tomaz [...]

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Business
17. August, 2018 0

Água Vumba stake sold but listing still years away, say Portuguese investors

A Portuguese investment company has finalised the acquisition of a stake in Mozambican mineral water company Água Vumba from controversial businessman Jamú Sulemane Hassan. Strongeagle, run by two former executives [...]

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Business
15. August, 2018 0

AB Inbev’s new Mozambique brewery will neighbour Heineken’s – spokesman

Mozambique’s national brewing company, Cervejas de Moçambique (CDM), plans to build a new brewery close to the one currently being built by rival Heineken, in the district of Marracuene just north of the capital, Maputo.
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Economy
8. August, 2018 0

Mozambique borrows $15.5m from domestic banks in T-bond auction

The Mozambique government raised more than MZN 900 million (roughly $15.5m) at a Treasury bond auction on Tuesday, exceeding its MZN 700m target after it cancelled the last auction in June due to a lack of demand. NOTE: The Mozambique stock exchange, the BVM, having initially said that [...]

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Extractives
27. July, 2018 0

Mozambique gas companies take defensive action amid Cabo Delgado insurgency

Companies preparing gas liquefaction projects in and offshore of Mozambique’s northern province of Cabo Delgado are taking measures to ensure the safe transport of their workers in response to insurgent activity in the region, including one company [...]

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Economy
25. July, 2018 0

Mozambique government could face fiscal crisis after T-bond auction failure

Mozambican banks are increasingly unwilling to lend money to the state to help cover its budget deficit, which could lead to a renewed public spending crisis in the runup to elections and threatens the Bank of Mozambique’s efforts to combat inflation and [...]

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Business
23. July, 2018 0

Mozambique airline appoints new management

Mozambican state-owned airline LAM has appointed a company veteran as its new head, after the management board was sacked on 5 July. João Carlos Pó Jorge, LAM’s engineering and quality manager was appointed [...]

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Business
18. July, 2018 0

Japanese insurer inks Mozambique partnership with ICE Seguros

The European arm of Japan’s Mitsui Sumitomo Insurance Company (MSI) has signed a partnership agreement with Mozambique-based ICE Seguros to target Japanese corporate customers in Mozambique. MSI said “sizeable [...]

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Intelligent news from Mozambique

Resource nationalism in Tanzania driving gas investors to Mozambique

Floods leave thousands homeless, and halt Vale coal exports from Tete

Frelimo holding company sells cement plant stake in $85m deal

Tongaat Hulett warns over $90m loss as Xinavane refinery start is delayed

Mozambique rescue efforts intensify as full scale of Idai tragedy unfolds

Mozambique seeks cancellation of loan guarantee in Credit Suisse lawsuit

Resource nationalism in Tanzania driving gas investors to Mozambique

Floods leave thousands homeless, and halt Vale coal exports from Tete

Frelimo holding company sells cement plant stake in $85m deal

Tongaat Hulett warns over $90m loss as Xinavane refinery start is delayed

Mozambique rescue efforts intensify as full scale of Idai tragedy unfolds

Mozambique seeks cancellation of loan guarantee in Credit Suisse lawsuit

Browsing: Business

Saudi group seen selling Mozambique portfolio of luxury resorts and Rani Towers

Bank of Mozambique keeps cautious stance ahead of election season

New southern Mozambique brewery targets October 2019 completion

Água Vumba stake sold but listing still years away, say Portuguese investors

AB Inbev’s new Mozambique brewery will neighbour Heineken’s – spokesman

Mozambique borrows $15.5m from domestic banks in T-bond auction

Mozambique gas companies take defensive action amid Cabo Delgado insurgency

Mozambique government could face fiscal crisis after T-bond auction failure

Mozambique airline appoints new management

Japanese insurer inks Mozambique partnership with ICE Seguros

Zitamar Daily Briefing, 18 March