Browsing: UAE

Economy The offices of Mozambique's Prosecutor-General, the PGR, in Maputo. Photo © Tom Bowker / Zitamar News
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Mozambique’s Prosecutor-General (PGR) today accused the United States of failing to cooperate with the Mozambican investigation into the $2.2 billion ‘hidden debts’ scandal which it opened in 2015, saying its investigation is in part dependent on help from the US [...]

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Electricity Zambezi River, at the site of the proposed Mphanda Nkuma Dam. Photo from www.internationalrivers.org/campaigns/mphanda-nkuwa-dam-mozambique
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The Mozambique government could be taken to the international court of arbitration in Geneva if it fails to recognise an Emirati company’s claim to have exclusive rights to develop the $4.6 billion Mphanda Nkuwa hydroelectric dam project in the province of [...]

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Cement A Heidelberg clinker grinder in Togo, West Africa. © Heidelberg Cement
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German multi-national Heidelberg Cement has bought a cement factory in Mozambique for €8.8 million ($10m) in cash from its anonymous owners in Mozambique and Mauritius. The deal to buy the Austral Cimentos Sofala (ACS) plant in Dondo, near the central port city of Beira, closed in April [...]

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