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The Mozambican Investor

Issue: 1216th
By Adrian Frey

Date: 18 September, 2018 Email us: themozambicaninvestor@clubofmozambique.com

President Nyusi to inaugurate new JAT Centre in Maputo

President Nyusi will on Wednesday (September 19) inaugurate the JAT Centre in Maputo's central business district [Baixa] tomorrow, in what looks set to be one of the most important inaugurations in the Mozambican capital this year. The inauguration ceremony will be chaired by President Nyusi and attended by more than 200 guests, including the Minister of Culture and Tourism, Silva Dunduro, the Governor of Maputo, Iolanda Cintura, the ...

Cahora Bassa hydroelectric plant in Mozambique invests €500 million in 10 years

The Cahora Bassa Hydroelectric Plant (HCB) has a 10-year investment plan in the amount of 500 million euros, Vital Capex, to recover and modernise the company’s electricity production system, said the company’s chairman. Pedro Couto, in an interview with the Mozambican edition of Exame magazine, said that the Vital Capex will be financed partly through its own resources and the other part through national and international bank ...

Correios de Moçambique signs memorandum with Liconex to use cargo aircraft

Mozambique Post Office yesterday signed a memorandum with a South African company to use its aircraft to carry cargo, the company said in a statement. The agreement covers various logistics and commercial activities in Africa and "is aimed at the operation of air cargo transport services through the provision of two specialised aircraft". The partnership arises "as a result of the efforts of Empresa Correios de Moçambique to expand its ...

Vivo Energy eyes more African assets as it buys 225 petrol stations from Mozambique to Gabon

Vivo Energy is on the lookout for further African acquisitions after adding more than 200 filling stations from Mozambique to Gabon. “There is fantastic growth and potential in these countries,” chief executive Christian Chammas said Tuesday. The expansion plans of the London-based retailer, which in May pulled off the city’s biggest new listing this year, follows acquisitions by other fuel providers in southern Africa as demand ...

Mozambique: Government presents 25 projects, worth $1.4 billion to Africa Investment Forum

Mozambique has presented 25 projects worth $1.4 billion (€1.1 billion) to be financed by the Africa Investment Forum, an official source told Lusa. "Funding will depend on the quality of the 25 projects. But we are optimistic,” Pietro Toigo, a resident representative of the African Development Bank (AfDB) in Mozambique told Lusa on the sidelines of a question and answer session about the the Africa Investment Forum which took place in ...

Mozambique oil & gas capex outlook: 7.7 billion by 2025 – GobalData

Mozambique and Angola, after Nigeria, are the two sub-Saharan African countries expected to receive the most fixed asset investment up until 2025, at a total of US$12.8 billion, according to consultancy GlobalData. The report, quoted by the Marketscreener website, says that Nigeria is expected to dominate the oil and gas sector in Africa in the next seven years with her Capital Expenditure (CapEx) outlook projected at $17.3 billion US$17.3 ...

Mozambique: STAE is recruiting more than 43,000 to man polling stations in local elections

The Technical Secretariat for Electoral Administration (STAE) is to hire 43,000 persons to man polling stations in the October 10 local elections, the body announced today. STAE spokesman Cláudio Langa, quoted by daily newspaper Notícias, said that polling station personnel would undergo training from the 24th of this month until October 5th. After training, the group would then be allocated among the 5,459 polling across the 53 ...

Ossufo Momade: Renamo will not give up the secret services

The new coordinator of the Mozambican National Resistance (Renamo), Ossufo Momade, said on Monday that the party "was not giving up" on the subject of the State Information and Security Service (SISE), and that advances in the integration of its men within the scope of the implementation of the consensuses reached in the peace negotiations in Mozambique were taking place. "We cannot give up the secret services requirement," Momade said in a ...

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Venâncio Mondlane says no one will stop him from running for election

Venâncio Mondlane says that, regardless of the decisions of the National Commission of Elections and of the Constitutional Council on his recent appeals, he is and will remain Renamo head-of-list in the city of Maputo. He put his challenge to the authorities this Monday in an exclusive interview with O País, saying that no one would stop him from running in the October 10 elections, as this was the will of the municipality of ...

U.S. Ambassador and President Nyusi inaugurate new archaeological research centre in Island of Mozambique

Ambassador Dean Pittman yesterday joined his excellency President Filipe Nyusi, the Rector of Eduardo Mondalane University Dr. Orlando Quilambo, and the people of Ilha de Moçambique to inaugurate the Centre for Archaeology, Research, and Resources at the São Sebastião Fort. The construction of the Centre was funded by a $188,700 grant from the United States Government’s “Ambassador’s Fund for Cultural Preservation.” [caption ...

Mozambique has made progress in protection of migrant workers -UN

The United Nations Committee on Migrant Workers has said that Mozambique has made progress in protecting the rights of migrant workers, but points out the prevalence of abuse, including to children, and arbitrary detention. The UN body assessed the treatment of migrant workers in Mozambique in response to a report on the situation, which the Minister of Justice, Constitutional and Religious Affairs, Joaquim Veríssimo, presented in Geneva on ...

What will we do about the 3,000 girls that left school because of pregnancy? And what about the other 480,000 adolescent girls out of school?

Last week, the MINEDH announced that 3,000 girls dropped out of school in 2017 due to pregnancy (O Pais, September 4,2018). What’s worse, the government confirmed that this trend has been increasing, along with the number of adolescent girls out of school, which, according to UNESCO, has increased by more than 100,000, from 360,000 to more than 480,000, between 2008 and 2015. Nothing short of a properly financed plan of action – with ...

 

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