Browsing: SPI

Cement
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Frelimo holding company sells cement plant stake in $85m deal

A Singaporean company has agreed to pay $85 million for a majority  stake in a cement plant near Maputo which until last month was 99% owned by a company described as “the financial arm” of Mozambique’s ruling party, Frelimo. The cement plant project at [...]

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Development
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Águas de Portugal eyes return to Mozambique water sector

Portuguese water utility Águas de Portugal (AdP) is believed to be eyeing a return to water provision in Mozambique, under a rumoured plan by national water utility FIPAG to re-privatise provision in parts of the country on a regional basis.

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Business
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Bank of Mozambique shuts down another failing bank

A commercial bank majority-owned by Mozambique’s public social security fund is to be liquidated by the Bank of Mozambique, with individual depositors set to lose any deposits over 20,000 meticais and business accounts to be left with no apparent recourse. [...]

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