Intelligent news from Mozambique

Zitamar Daily Briefing, 30 May 2018

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Welcome to Zitamar’s daily Mozambique briefing for 30 May, 2018.

The latest from Zitamar News:

Armed men behead 10 in Palma, northern Mozambique
It remains unclear who has the upper hand in the region, despite police attempts to spin the beheadings as a sign of the terrorists’ weakness

Mozambique fires CEO of crisis-hit state-owned petrol firm
A major reshuffle is underway at Mozambique’s crisis-hit state-owned fuels company Petromoc, Zitamar News has learned

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The best of the rest

  • Two more killed on Monday morning in Cabo Delgado
  • Mozambique suspends controversial Chinese mine after Amnesty report
  • Ethiopian Airlines to start Mozambique operation ‘within days’
  • Tribunal Administrativo to break silence soon over ‘hidden debts’ case
  • Insurer capital requirements to treble
  • Mitsui wants to push costs lower on Area 1 LNG
  • Justice minister relieved of duties to become parliamentary ombudsman

Two more killed on Monday morning in Cabo Delgado (MediaFax)
The group which decapitated ten people in Palma district over the weekend killed a further two on Monday, Mediafax says, this time on the border between the districts of Palma and Mocimboa da Praia. A local told the paper that he escaped being killed and that the police do not have the situation under control – describing it as “an atmosphere of terror never seen before,” causing the local population to sleep with machetes handy for self-defence.

Mozambique suspends controversial Chinese mine after Amnesty report (Lusa)
Chinese mining company Haiyu, whose operation in northern Mozambique was accused of serious environmental and community failings by Amnesty International earlier this year, has been ordered to suspend operations by the Mozambican authorities.
The news is an excellent result for Amnesty, whose researchers were briefly imprisoned while preparing the report which garnered a lot of attention when it came out in March.

Ethiopian Airlines to start Mozambique operation ‘within days’ (Notícias)
Country manager Daniel Tsige told Notícias that the company would initially use a fleet of four aircraft to run domestic routes in Mozambique, starting “within days”, according to the state-owned daily paper.
Ethiopian has already set up a subsidiary in Mozambique, which was a prerequisite for joining FastJet as a competitor to LAM in running domestic flights. Malawian Airlines, which is operated by Ethiopian and which also won the right to operate domestic flights in Mozambique, appears not to be pursuing that option.

Tribunal Administrativo to break silence soon over ‘hidden debts’ case (O Pais, MediaFax, AIM)
Mozambique’s administrative court, the Tribunal Administrativo (TA), said yesterday it will make a statement soon on the case over the ProIndicus, EMATUM, and MAM debts. The prosecutor general is still investigating but in January passed the dossier to the TA to prosecute officials over the misuse of public funds.
We remain sceptical that senior officials and members of government will really be prosecuted – but await what the TA has to say with interest.

Insurer capital requirements to treble (Rádio Moçambique)
The government has almost trebled the minimum capital requirement for insurance companies, from MZN 33 million to MZN 97m, in an attempt to ensure greater financial capacity and safeguard customers. The bill will need parliamentary approval to become law.
Last year Zitamar reported that eight of Mozambique’s 20 insurance companies were being monitored by the regulator due to their risk of financial insolvency.

Mitsui wants to push costs lower on Area 1 LNG (Nikkei)
The president of Japanese conglomerate Mitsui, which controls a 20% stake in the Anadarko-led Area 1 LNG project, has told Nikkei he is “not satisfied with the current levels of costs” being quoted to build the project – echoing comments from Anadarko at the start of May that the consortium is revisiting its contracts to try and push costs down.
Oil and gas prices have recovered this year, meaning the consortium will face an uphill battle to get lower prices than they’ve been quoted over the last couple of years.

Justice minister relieved of duties to become parliamentary ombudsman (O Pais, MediaFax)
President Nyusi has officially dismissed Isaque Chande as minister of justice and constitutional and religious affairs, allowing him to take up his new role as ‘provedor de justiça’, the parliamentary ombudsman. The ministerial vacancy has yet to be filled.

© 2018, Zitamar Ltd. Reproduction and dissemination prohibited without written permission.

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