Intelligent news from Mozambique

Zitamar Daily Briefing, 19 June 2018

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Welcome to Zitamar’s daily Mozambique briefing for 19 June, 2018.

Agenda

  • Today: MDM’s Political Committee meets in Beira to prepare for local elections
  • Today: Renamo formally presents its intention to run in October local elections to the National Election Commission

The latest from Zitamar News:

Bank of Mozambique holds lending rate steady at June meeting
The Bank of Mozambique decided to keep its lending rate steady at 18%

EMP faces $12m fine for abandoning Mozambique oil block
The Indonesian company won an extension to its exploration concession, but failed to strike oil on the onshore block

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The best of the rest:

  • Two more killed in Macomia, Cabo Delgado
  • Mozambican court ends investigation phase of LAM/Embraer case
  • Zandamela: Nosso Banco liquidation commission dismissed due to high cost
  • Pemba on water restriction
  • Ethiopian Mozambique Airlines and CFM both close to launching domestic flights

Two more killed in Macomia, Cabo Delgado (MediaFax)
At least two people were killed on Sunday night in the village of Nkoe, in Cabo Delgado’s Macomia district, allegedly by the insurgents that have terrorized the province since last October. One of the victims was a local farmer and the other was a guard at a restaurant.
Mozambique central bank governor Rogério Zandamela said yesterday that national economic threat posed by the Cabo Delgado insurgency is “insignificant”, but for local residents the nightmare shows no sign of abating. There have now been three attacks in Macomia since the government set up an operational command there, and the governor of Cabo Delgado has issued a curfew for public transportation and cargo shipments on roads in the province for fear of vehicles falling victim to the insurgents.

CLICK HERE FOR OUR INTERACTIVE MAP OF THE ATTACKS IN NORTHERN MOZAMBIQUE

Ethiopian Mozambique Airlines and CFM close to launching domestic flights (O País)
Ethiopian Mozambique Airlines – the domestic subsidiary of Ethiopian Airlines – and state-owned ports and railways company CFM, are both finalizing the licensing process necessary to start airline operations in Mozambique’s domestic market, Transport Ministry permanent secretary Pedro Inglês said yesterday.
Ethiopian Mozambique Airlines will be the second foreign-owned company to make regular domestic passenger flights in Mozambique, following South Africa’s FastJet.

Mozambican court ends investigation phase of LAM/Embraer case (Notícias)
The Maputo City Judicial Court has closed its investigation of the case against former transportation minister Paulo Zucula, former Mozambique Airlines (LAM) chairman José Viegas, and former Sasol country manager Mateus Zimba, who are accused of corruption in relation to LAM’s acquisition of two Embraer aircraft in 2008 and 2009, allegedly in exchange for $800,000 in bribes. With the investigation phase closed, the trial of the three can begin.

Zandamela: Nosso Banco liquidation commission dismissed due to high cost (MediaFax)
Mozambique’s central bank governor Rogério Zandamela yesterday justified the dismissal of a liquidation commission run by accountancy firm Deloitte & Touche for the bankrupt Nosso Banco, saying that the resources saved by not paying the commission can be used to pay Nosso Banco’s creditors.

Pemba on water restriction (Notícias)
Water in Pemba, the capital of Cabo Delgado province, is under temporary restrictions due to problems with four wells in Metuge, which play a major role in supplying the city. The provincial director of the water supply investment fund (FIPAG), Augusto Chipenembe, said FIPAG is working to solve the problem and expand supply for the city, moving from 10 wells to 25 in the coming year.

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