Browsing: Development

Agriculture
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Saudis snap up Mozambique’s biggest fertiliser supplier, but rival remains upbeat

The fertiliser market in Mozambique will grow and become more competitive, one of Africa’s biggest fertiliser producers, OCP,  has said, after rival mining and phosphate company Ma’aden has entered the market.

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Aid
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Mozambique says $3.2bn needed for cyclone recovery

More than 90% of the money will be spent helping central Mozambique recover from Cyclone Idai Mozambique will seek a total of $3.2 billion from international donors to help it recover from cyclones Kenneth and Idai, the government announced on Tuesday. Preliminary government [...]

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Aid
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More money and smarter solutions needed to build climate resilience in Mozambique

Climate change is expected to cause economic damages of up to US$7.4 billion between 2003-2050 in Mozambique, unless changes are made in climate and disaster risk management and financing policy, according to the World Bank. Even before Cyclone Idai hit, development finance institutions and the [...]

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Aid
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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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Agriculture
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Tongaat Hulett warns over $90m loss as Xinavane refinery start is delayed

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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