South Africa’s Nedbank has completed its acquisition of 50% plus one share of Mozambique’s Banco Único, at a knockdown price thanks to the fall in the value of the Mozambican metical since Nedbank announced its intention. Banco Único announced the deal to customers on the evening of 6 October, without saying how much money had…...
Latest Headlines
- Exxon tenders for contractors to build revised Mozambique LNG project
- Freddy flooding cuts Mozambique coal export routes
- Shipping giant Maersk found sailing illegal timber from Mozambique to China
- Mozambique police fire tear gas on protest rapper’s funeral march
- Cyclone Freddy brings destruction and flooding to Mozambique again
- Total and EDF submit bid for controversial Mozambique mega-dam project
- Basic services still absent as IDPs return to Palma and Mocímboa — report
- Alleged Renamo returnees terrorise local leaders in rural Tete