Browsing: Maputo

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Mozambique brings in lion’s share of Grit’s rents

Africa-focused property developer Grit is estimated to be earning over $13m a year in rent from its six biggest tenants in Mozambique, with natural resources companies bringing in the majority, according to an analysis of the company’s annual [...]

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Property developer Grit cashes in on Mozambique gas and mining boom

Property developer Grit Real Estate Income Group appears to be cashing in on the anticipated resource boom in Mozambique, as oil and mining companies are estimated to be paying a total of around $5-6 million a year in rent for their offices and luxury flats in Maputo and Tete. Anadarko is [...]

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Exxon buys prime Maputo plot in near-$50 million deal

ExxonMobil has bought the rights to a 12 hectare plot of land in Maputo, capital of Mozambique, from state telecoms operator TMCEL, Zitamar News has learned. The US oil giant has paid $47 million for the plot in Sommerschield, neighbouring the Eduardo Mondlane University campus, [...]

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