Browsing: IESE

Cement
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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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Economy
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The Government’s strategy for a sovereign development fund must be revised, according to Mozambican transparency NGO Centro de Integrade Pública (CIP), because its connection to the Government is too close, and the timeline for its establishment is too [...]

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Economy
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The Bank of Mozambique raised interest rates again last week, with the benchmark lending rate hitting 14.25% - an attempt to curb accelerating inflation which topped 18% in May. However, it’s not working – to nobody’s surprise.

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