Zitamar Daily Briefing, 27 July 2018
Welcome to Zitamar’s daily Mozambique briefing for 27 July, 2018. Agenda Today: President Nyusi participates…
Browsing: Mozal
Mixed start to 2018 for Mozambique’s mega-projects
Patchy performance at Mozambique’s megaprojects in the first quarter of 2018 could hit the country’s GDP growth this year, the government has warned - but strong commodity prices should keep export receipts healthy.
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Synthetic hair factory opens in Beluluane industrial park
An Indian-owned synthetic hair factory, employing nearly 1,800 staff, is starting operations this week at the Beluluane industrial park and free trade zone outside Maputo, the first major opening since a majority stake in the park changed hands in June [...]
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Mozambique aluminium smelter hits new production records
Mozal aluminium smelter hit new production records over the 12 months to the end of June 2017, producing 271 thousand tonnes (kt) of aluminium, a 5kt or 2% increase on the previous year.
The plant “continued to [...]
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Mozambique aluminium smelter returns to profit
Mozal, the aluminium smelter located near the Mozambican capital, Maputo, returned to profit in the second half of 2016 after making a $12 million loss in H2 2015, and just breaking even in the 12 months to 30 June 2016.
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Commodity investors turn landlords in Mozambique’s downturn
Major companies such as Mozal and Anadarko are entering the rental market to fill empty housing developments, as the downturn in global commodity prices leads to major delays on Mozambique’s mega projects.
The fall in global gas and coal prices, coupled with Mozambique’s own economic crisis [...]
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