Browsing: Transport & Logistics
Fastjet ‘challenged’ by increased competition in Mozambique’s skies
In March 2018, East African low-cost airline Fastjet was bullish about its freshly launched business in Mozambique; in five months, the airline had achieved “strong load factors” on its initial routes between Maputo and Beira, Nampula and Tete. But just over a year later, Fastjet says its [...]
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Head of Cyclone Idai aid distribution company previously fired over fraud
The head of the private company chosen by the Mozambique government to work with the World Food Programme (WFP) in distributing aid to cyclone and flood victims in central Mozambique lost his job at the Port of Beira in 2014 for failing to prevent [...]
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Fastjet could go bust on Friday over Tanzanian aircraft
Fastjet could go bust at the end of this week if it cannot extricate itself from leasing agreements for its two aircraft in Tanzania after it decided to pull out of the country, Zitamar
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Gunvor’s Nacala play could give it control of regional fuel supply
- Gunvor is paying for the $20 million refurbishment of Nacala fuel terminal, and is negotiating rights to all non-coal capacity on the Nacala rail line, sources say
- Traders fear the deal will give the Swiss-based commodities trader control of fuel sales to Mozambique’s [...]
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Erik Prince teams up with Emose to insure Chinese companies in Mozambique
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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New Fastjet funding crisis overshadows Mozambique expansion plans
Budget airline Fastjet is facing another funding crunch and may cease operating if it does not receive a cash injection from shareholders by the end of October, the company announced yesterday.
The announcement, [...]
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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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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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Tete police deny taking bribes enabling the 2016 fuel tanker tragedy
The alleged mastermind of the plot to steal a tanker full of petrol in Tete…