Mozambique 7 June 2017: Tete tête-à-tête for Mozambique infrastructure ambitions
Good afternoon. A major infrastructure conference is getting started in the city of Tete this afternoon, where four ministries will present an ambitious range of projects to potential investors with the aim of upgrading Mozambique’s transport corridors, irrigation systems, energy networks and more.
FREE TO READ: Mozambique kicks off major infrastructure forum in Tete
At least two major oil trading companies told Zitamar News this week that they are interested in investing in fuel distributor Petromoc, one of the most endangered of Mozambique’s struggling state-owned companies. The outlook for Petromoc’s profitability is not good, leading to speculation as to what sweeteners might be on the table for an outside company to come in and save it.
SEE: Top oil traders eye Mozambique petrol company privatisation
Steep import tariffs for sugar, brought in in November 2015, helped South African agribusiness Tongaat Hulett to reap bumper profits on its Mozambican operations last year, according to its latest financial results.
SEE: Mozambique sugar tariffs help Tongaat Hulett to bumper profits
Mozambique’s chicken producers are this week benefiting from unexpected protection after an outbreak of avian flu in Zimbabwe led Mozambique, and Zimbabwe’s other trading partners, to ban poultry imports from the country.
SEE: Mozambique bans poultry imports from Zimbabwe after bird flu outbreak
And finally, Mozambique’s National Mining Institute is seeking a mining company to take on a potential mineral sands concession in Inhambane province, next to a Chinese project which is already up and running and close to Rio Tinto and Savannah’s promising prospects.
SEE: Mozambique seeks mining company to take on Inhambane mineral sands concession
Have a great rest of the week.