Browsing: Heavy Industry

Agriculture
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Nyusi declares agriculture ‘national emergency’ in second term commitments

Filipe Nyusi has declared combating poverty through investing in agriculture a “national emergency” and pledged to devote 10% of the state budget to the sector, in a speech following his swearing in for a second term as President of Mozambique on Wednesday. Agriculture and industrialisation [...]

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Economy
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IMOPETRO ‘was warned’ over failed fuel importer 

Industry players warned IMOPETRO, the company managing Mozambique’s fuel imports, of the dangers of awarding an import tender to unknown company Finergy, which has since failed to honour its import commitments, Zitamar News has learned. Finergy Petroleum, a secretive company [...]

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Cement
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Frelimo holding company sells cement plant stake in $85m deal

A Singaporean company has agreed to pay $85 million for a majority  stake in a cement plant near Maputo which until last month was 99% owned by a company described as “the financial arm” of Mozambique’s ruling party, Frelimo. The cement plant project at [...]

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Extractives
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Mozambique refinery is Chinese project, despite international tender

Details have emerged around a planned oil and gas refinery project in Mozambique, which was originally proposed by Chinese state-owned oil company CNPC but has now been put out to international tender after the Chinese offered to build, but not finance, [...]

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