Browsing: Business

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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Economy Maputo's downtown financial district. Photo © Tom Bowker / Zitamar News
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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 An Everett Aviation BK117-C1 helicopter in Mozambique. Photo: Everett Aviation
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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 Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
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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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