Browsing: Politics & Economy

Economy fuel tanker
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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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Economy EMATUM's fleet in Maputo harbour, March 2018. Photo © Tom Bowker / Zitamar News
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Participating creditors will be required to confirm ‘bona fides’ with respect to ProIndicus, EMATUM and MAM transactions The Mozambique finance ministry today launched its formal call for investors in its dollar-denominated sovereign bond to accept the
Agriculture Sugar cane at Tongaat Hulett's Mafambisse estate
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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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Hidden Debts dossier Manuel Chang in court in Johannesburg on 8 January 2018. Photo © Zitamar News
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The decision to extradite former Mozambican finance minister Manuel Chang to Mozambique made by former South African justice minister Michael Masutha in May looks set to be overturned, after the new justice minister concluded that it was unlawful and in violation of Southern African Development [...]

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Economy Finance minister Adriano Maleiane, Prime Minister Carlos Agostinho do Rosario, and fisheries minister Agostinho Mondlane explaining the 'hidden debts' at a press conference in Maputo in April 2016. Photo © Tom Bowker / Zitamar News
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Mozambique’s government says it is seeking legal advice on the implications of restructuring a sovereign Eurobond that it sold in 2016 to refinance a loan for tuna fishing and offshore security company EMATUM, after the Constitutional Council ruled the [...]

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