Zitamar Daily Briefing, 18 June 2018

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Welcome to Zitamar’s daily Mozambique briefing for 18 June, 2018.

Agenda

  • Today: Bank of Mozambique monetary policy commission meets to update policy; statement scheduled for 15:45
  • Today: President Nyusi begins a four day presidential visit to Zambézia province
  • Today: First day of Aeroportos de Moçambique’s two day annual general meeting
  • Today: Launch of the joint Agriculture Ministry and French Development Agency project to support the cashew value chain in Mozambique

The latest from Zitamar News:

Mozambique LNG project lines up Japanese and British buyers
‘Innovative deal’ shows demand for Mozambican LNG in Europe and Asia – but Anadarko’s project still has much to do to reach FID

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The best of the rest:

  • World Bank increases support for Mozambique by $370 million per year
  • Insurgents burn 44 houses in Macomia
  • António Frangoulis joins Venâncio Mondlane’s MDM rebellion in Maputo
  • Luísa Diogo named president of Beluluane Industrial Park
  • Mozambique and China establish wood selling exchange

World Bank increases support for Mozambique by $370 million per year (MediaFax)
The World Bank announced Friday that it is increasing credit disbursement in Mozambique by $370 million per year, bringing total annual disbursement to $1.9 billion. The Bank’s country director in Mozambique, Mark Lundell, said that the Bank is also working to leverage resources from other partners to bring support up another $130 million per year.
From Mediafax’s report, it appears that Lundell is explicitly saying the World Bank wants to pick up the slack while other donors are on strike over the ‘hidden debts’. IMF numbers show that international grants to Mozambique amounted to 1.5% of GDP in 2017, and are predicted to decrease, but this additional project funding from the World Bank may help to forestall that eventuality.

Insurgents burn 44 houses in Macomia (MediaFax)
Insurgents burned down at least 44 houses last Thursday, in the village of Ibu in Macomia District, Cabo Delgado. No one was killed, as the local population fled to the forest before the insurgents arrived. The insurgents stole the food they found in the village.
Though the government’s new operational command in Macomia does not appear to be deterring attacks in the district, civilians at least seem to be growing more adept at avoiding insurgent raids.

António Frangoulis joins Venâncio Mondlane’s MDM rebellion in Maputo (O País, Jornal Domingo)
Former head of the Maputo police force’s investigations branch Antonio Frangoulis announced on Friday that he is leaving his Movimento Democrático de Moçambique (MDM) party. According to Frangoulis, the party is not democratic and therefore provides no alternative to Frelimo (a party of which he was also once a member). Frangoulis’s announcement came the same day that MDM re-elected Venâncio Mondlane as the head of its list for 10 October local elections in Maputo, a position that Mondlane already said he would not accept in an interview with Zitamar News. Mondlane told Zitamar that he will run for another party, yet to be announced, and apparently Frangoulis will run with him.

Luísa Diogo named president of Beluluane Industrial Park (O País)
Former Mozambican prime minister Luísa Diogo was named on Friday as president of Beluluane Industrial Park, in the Boane district of Maputo province. Beluluane Industrial Park was established in 2001 as a public-private partnership between the Mozambique government, which holds a 40% stake through the Agency for Investment and Export Promotion, APIEX. and a private company called Chiefton, which holds 60%, and which is owned by a Swiss-Mozambican investor group led by Adrian Frey of Club of Mozambique. The park currently houses 40 companies.
Another honorary chair for the international investment community’s favourite Frelimista.

Mozambique and China establish wood selling exchange (O País, Notícias)
The governments of Mozambique and China signed a memorandum of understanding on Saturday committing the two countries to better control the flow of timber from Mozambique. The memorandum outlines a new exchange that will gather information on wood transportation, processing, and export. The Mozambican government has lost tax revenues of roughly $1 billion over the last decade to the illegal timber trade, with much of the wood going to China.
After the Tunamar joint venture with EMATUM, now this – is China looking to ‘go straight’ in its exploitation of Mozambique’s natural resources? Perhaps the shutdown of Chinese company Haiyu’s sand mine following protests by Amnesty International is persuading both China and the Mozambican government that they must at least give these things a sheen of legitimacy.

© 2018, ZITAMAR NEWS. All rights reserved.

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