BUSINESS NEWS

'Mozambique, Zimbabwe power deal done'

Mozambique is ready to assist Zimbabwe with increased supplies of electricity from Cahora Bassa, the President has said. He was speaking on the sidelines of the 12th Extraordinary Summit on the Contin...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Zimbabwe wheat stuck in Mozambique

Aconsignment of 30 000 metric tonnes of wheat which was sourced from Lithuania by the Grain Millers' Association of Zimbabwe (GMAZ) is stuck at Beira port in Mozambique after the Reserve Bank of Zimba...

By Staff reporter | Published: 06 January 2019

FINANCIAL SERVICES

ZBFH abandons Mozambique plans

ZIMBABWE Stock Exchange-listed financial services provider, ZB Financial Holdings Limited (ZBFHL), has abandoned plans to set up a unit in neighbouring Mozambique due to foreign currency shortages.Ron...

By Staff reporter | Published: 24 August 2017

INDUSTRIALS & ENERGY

Exor, Mozambique oil giant in joint venture

Exor Petroleum, one of the country‚Äôs pioneering indigenous oil companies, has formed a joint venture company, PetromocExor, with Mozambique oil giant Petroleos de Mocambique (Petromoc). The jo...

By Staff reporter | Published: 07 February 2014

AFRICA BUSINESS

Mozambique to start commercial oil production

Mozambique will commence its first commercial production and sale of crude oil in 2014 from an inland oilfield at Inhassoro, Johannesburg- based integrated energy company, Sasol Petroleum has said.The...

By Ventures Africa | Published: 05 December 2013

AFRICA BUSINESS

Mozambique to overtake Zim in coal mining

Research and consultancy firm Frost and Sullivan has forecast that the rising demand for energy and new power projects in southern Africa, along with escalating costs of coal, could lead to an increas...

By African Review | Published: 18 November 2013

AFRICA BUSINESS

Sasol to make decision on Mozambique projects

JOHANNESBURG - PETROCHEMICALS company Sasol has yet to make a decision on whether to proceed with investments in developing two commercial oil and gas fields in Mozambique.Group CEO David Constable sa...

By Bdlive | Published: 11 September 2013

AFRICA BUSINESS

VTB halts Mozambique sovereign debt plan after clashes

Rebel clashes with government forces in Mozambique has prompted VTB Group, Russia's second-largest bank, to halt a proposed sovereign debt transaction in the country. Rebels tied to the opposition Moz...

By Bloomberg | Published: 23 August 2013
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