South African bank Nedbank said today it plans to spend ZAR178 million (US$11.4m) increasing its 38.3% stake in Mozambique’s Banco Único so that it holds a controlling share in the bank. In a statement accompanying Nedbank’s 2015 financial results release today, the bank said it would “increase our stake in Banco Único to 50% plus…...
Latest Headlines
- Kenmare made record profits in 2022 despite drop in demand from China
- March organiser tells of torture ordeal at hands of Mozambique’s police
- 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