Intelligent news from Mozambique

Zitamar Daily Round-Up, 13 July 2017


Welcome to Zitamar’s round-up of what’s new in Mozambique today, 13 July 2017.

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The latest from Zitamar News:

The best of the rest:

Japan froze $100m in grants and loans over ‘hidden debts’ (MediaFax)
Japan’s International Cooperation and Investment Agency (JICA) has revealed that it froze grants and loans for projects in Mozambique worth $100 million following the IMF’s decision to suspend aid last year in light of the revelation of the ProIndicus and MAM loan guarantees.
The Japanese government typically sends between $120 million and $140 million to Mozambique annually in donations, credits, and investments.

Agriculture Ministry officials charged with corruption (AIM)
Prosecutors indicted three officials from the Zambézia provincial directorate of Mozambique’s Agriculture Ministry for stealing roughly $33,000 from state coffers. The officials include former provincial director of agriculture and food security, Marcelo Chaquisse, and Alfredo Ramos, entrepreneur and president of the Zambézia wing of Mozambique’s Chamber of Commerce, the CTA.
This is the latest in a spate of corruption charges that appears to represent a concerted nationwide clean-up attempt.

ENH guarantees piped gas to Maputo homes this year (CanalMoz)
Mozambique’s National Hydrocarbons Company (ENH) says it intends to start piping natural gas directly to consumers in the city of Maputo, where a primary gas distribution network has existed since 2014.
ENH has launched a public tender to select suppliers and contractors to implement the plan. The first neighborhood slated to receive in-home gas is Airport “A”.

Strike at Mozambique’s largest university (MediaFax)
Administrative staff at Eduardo Mondlane University (UEM), Mozambique’s oldest and largest institution of higher education, are set to strike in protest against the school’s decision to cut annual bonuses.
UEM justified the cuts by pointing to Mozambique’s overall economic crisis. Last week, the institution launched a competition inviting consultants to devise a plan to improve school fundraising.

INSS buys $8 million apartment block (Diário do País)
Mozambique’s public pension fund, INSS, has bought an apartment and hotel building in Maputo as part of its investment policy and strategy. The 15-storey building cost INSS over 490 million meticais ($8m) and consists of 47 serviced apartments, a shop, and a car park.
The ground floor of the building on Avenida Eduardo Mondlane is a reminder of one of INSS’s more ignominious recent investments – a shuttered branch of failed Nosso Banco.

Criminal trials and convictions on the rise in Mozambique (Correio da Manhã)
More than 15,000 Mozambicans were found guilty in criminal trials last year, up from an average of roughly 11,000 in the two years previous. Acquittals were also up, jumping to 5,928 in 2016 from an average of 3,132 in 2014 and 2015.
The statistics suggest that the courts are working through their backlog and delivering justice in a more timely fashion. Hopefully this should mean fewer people languishing in prison while awaiting trial.

Happening today

  • The IMF technical team continues its visit to Maputo to discuss the Kroll report and its implications with Mozambican officials. The visit runs until 19 July.
  • President Filipe Nyusi begins a presidential visit to Gaza province, which will run until 15 July. First Lady Isaura Ferrão Nyusi is visiting Niassa province, where she will be until 16 July.
Bank of Mozambique exchange rates as at 09:30

Bank of Mozambique exchange rates as at 09:30

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