The government of Mozambique is guaranteeing that sugar mills in Mafambisse and Xinavane will not be closed and no workers will be laid off, despite financial troubles for the mills’ majority shareholder, trade minister Ragendra de Sousa told
The Xinavane sugar mill in southern Mozambique is under threat of closure following a decision by its majority owner, South Africa’s Tongaat Hulett, to walk away from its other Mozambican mill at Mafambisse in the centre of the country.
The Mafambisse sugar mill is on the brink of being closed, Zitamar News has been told by various sources, as its South African majority owner, Tongaat Hulett, is seeking [...]
South African sugar producer Tongaat Hulett, which operates two sugar plantations in Mozambique, is entering talks with its creditors after warning investors it made a $90 million loss over the last year - a drastic turnaround from the $44 million profit the company made the year [...]
Forestry and agriculture company Obtala - soon to change its name to Woodbois - has decided to hold on to Mozambican forestry concessions but is looking to hand over its Tanzanian agriculture business to a more “patient” investor.
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 [...]
Tea production in Mozambique is below potential volumes and does not generate high enough revenues because authorities have not paid enough attention to the sector, producers warn. Valdemiro Varind, head of [...]
Portuguese wood pulp maker Portucel will invest a further $140 million in its wood chip and pulp production venture in Mozambique, its parent company Navigator announced on Monday. The company has signed a [...]
Africa-focused timber and agriculture company Obtala has again warned that Mozambique’s unpredictable regulatory environment is likely to cause it to focus investment elsewhere on the continent. In a statement [...]
Would-be developers of Mozambique’s forestry industry say they are holding back investment until they can get more clarity and confidence on the government’s plans for the sector. In a statement to investors on [...]