The Chinese group Huaxin Cement has taken control of Mozambique’s largest cement company, Cimentos de Moçambique (CM). CM was set up under the Portuguese colonial regime in 1924. After Mozambican independence, in 1975, it became a state owned enterprise. In the wave of privatisations of the late 1980s, CM was purchased by the Portuguese cement … Continue reading Chinese company takes over Cimentos de Moçambique