Browsing: IGEPE

Kroll Report Bank of Mozambique governor Ernesto Gove refused to take questions on the hidden debts at a press conference on 21 July 2016. Photo © Timothy Haccius / Zitamar News
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Mozambique’s public prosecutor has named at least 17 people - including former finance minister Manuel Chang, and former central bank governor Ernesto Gove - who it says should face financial penalties for their part in the $2.2 billion debts borrowed on [...]

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Economy The Bank of Mozambique. Photo © Timothy Haccius / Zitamar News
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The government borrowed nearly $200 million from the Bank of Mozambique in three separate loans in 2016 to cover repayments on the EMATUM bonds and ProIndicus syndicated loan, according to a recently released audit of the government’s accounts from that [...]

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Agriculture Arable fields in Gaza province. Photo © Eva Sofie Fritzbøger / Zitamar News
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Mozambique’s state holding company, IGEPE, is launching a tender to find a ‘strategic partner’ to revive an agricultural inputs factory in Chokwe, Gaza province, which stopped operations months ago after poor harvests ruined the local economy. [...]

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Infrastructure A TDM shop in Maputo. Photo: Tom Bowker
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The Mozambican state holding company, IGEPE, yesterday nominated a single board of directors to unify state-owned mobile telecoms company Mcel with its fixed-line counterpart TDM, a merger that was announced by the government last year.

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Oil & Gas Photo: www.petromoc.co.mz
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Two of the world’s biggest oil trading companies have confirmed they are interested in participating in a potential privatisation of Mozambique’s state-owned fuel distributor Petromoc, with one having already met with Mozambique’s energy minister for [...]

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Economy State-owned mobile telco Mcel is among those in line for restructuring. Photo © Timothy Haccius / Zitamar News
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Mozambique’s council of ministers yesterday reviewed progress on plans to restructure four state-owned companies, including both state-owned telecoms companies (telcos) and the national airline, the government spokesman told

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