Mozambican businesspeople warn that lack of foreign currency is threatening airlines
Flame Tree Group sets up plant in Mozambique
10:35 CAT | 14 Sep 2016
The Daily Nation Kenya / Flame Tree Group managing director Heril Bangera during a past interview.
NSE-listed Flame Tree Group is betting on the Mozambican economy by putting up a water tank manufacturing plant.
The manufacturer and distributor of plastic tanks, cosmetics and snacks announced the opening of its new water tank facility, a branch of Rino Tanques Lda, in Nampula, to serve the northern part of Mozambique.
The firm’s managing director, Heril Bangera, said Tuesday that the company has not been able to cater for the northern part of Mozambique, adding that the move will now strengthen its market reach.
Previously, deliveries to northern Mozambique would take a turnaround time of 8 days to and from Maputo.
Source: The Daily Nation Kenya
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