Browsing: Plantations

Agriculture
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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

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Agriculture
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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.

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Agriculture
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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 [...]

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Business
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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.

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Business
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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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