Browsing: Business

Business The Emose building in downtown Maputo. Photo via Facebook
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Frontier Services Group, the Chinese security and logistics company chaired by Erik Prince, is working with Mozambique’s state-owned insurance company, Emose, to sell insurance to Chinese companies operating in Mozambique,

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Business A part of Afritex Ventures' fishing fleet. Photo: Afritex Ventures
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A tuna fishing company based in Beira - part-owned by the Mozambican military’s investment arm which was involved in the $2 billion ‘hidden debts’ scandal - expects to sell 2,000 tonnes of tuna this year, while the EMATUM fleet sits rusting on the edge of [...]

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Business Chanfuta timber, one of the woods whose export has been restricted. Photo: Obtala
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The chairman of forestry company Obtala spent more than $14 million last week buying shares in the company’s forestry subsidiary, less than two weeks after the company suggested Obtala could abandon its Mozambique forestry concessions which are proving “a [...]

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Business CDM beers Manica and 2M. Photo © Tom Bowker / Zitamar News
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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 The Agua Vumba plant in Manica province.
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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 Crates of CDM beer piled up in Maputo. Photo © Timothy Haccius / Zitamar News
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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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