Welcome to Zitamar’s daily Mozambique briefing for 27 July, 2018. Agenda Today: President Nyusi participates…
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 [...]
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 [...]
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.
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 [...]
- Hidden debts could drag Mozambique into recession, as Standard Bank slashes growth forecast
- Independent economist Roberto Tibana warns government must “bite the bullet” on [...]
The Mozambique government this week ratified an agreement made in December 2015 for German development bank KfW to lend €47 million to connect Maputo’s main industrial park to the national power grid. The funding, [...]