Browsing: SPI

Cement The CIF-Moz cement plant project at Salamanga, Maputo province. Photo © Tom Bowker / Zitamar News
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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 FIPAG's Intaka water distribution centre
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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.
Business Nosso Banco was placed into liquidation in November 2016.
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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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