Browsing: Mozambique

Business
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Obtala could ‘eliminate’ Mozambique forestry arm as chairman invests $14m

The chairman of forestry company Obtala spent more than $14 million last week buying shares in the company’s forestry subsidiary, less than two weeks after the company suggested Obtala could abandon its Mozambique forestry concessions which are proving “a [...]

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Economy
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EU agrees to redirect €290m frozen budget support to Mozambique sectors

The European Union last week agreed to redirect around €290 million ($339m) in aid for Mozambique, that it froze in 2016 in the wake of revelations of $2 billion in government-guaranteed debts, towards projects in specific sectors in [...]

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Politics
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Renamo under pressure over demilitarisation after 10-day deadline passes

A group of leading Mozambican civil society organisations has called on opposition movement Renamo to stick to commitments made by its interim leader almost two weeks ago to take steps towards demilitarisation as part of a complex peace agreement with the [...]

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