Proindicus lenders sue Mozambique; Sasol sells Ressano Garcia power plant stake
Proindicus lenders sue Mozambique; Sasol sells Ressano Garcia power plant stake
Welcome to Zitamar’s daily Mozambique briefing for 22 December 2020
Dear subscribers, Zitamar News is now on its annual end-of-year break. We will continue to publish major breaking news on our Telegram channel, and may send an occasional newsletter if the news-flow justifies it.
In this newsletter we also highlight our sister organisation Plural Media’s translation of the ‘Diz-Se… Diz-Se’ political rumour column that appears each week in Savana. We hope you find it useful.
Thanks as ever for your continued support, have a good break, and we look forward to resuming normal service starting on 4 January 2021.
The latest from Zitamar News:
Proindicus lenders sue Mozambique and Credit Suisse after 4-year default
Lenders to the failed security company say they “invested in good faith and on the basis of legally binding agreements"
From the Zitamar Live Blog:
Follow on Telegram or on our website
Manzoni and Nhongo ‘available for dialogue’
The UN mediator travelled to central Mozambique but failed to meet the guerilla leader on Friday — but welcomed Nhongo’s proposal to send representatives to initiate dialogue
From our partners at Plural Media
Savana's 'Diz-se... Diz-se', 11 December 2020
Plural Media’s translation and decryption of Savana’s weekly political rumour column
Announcements
Sasol has agreed to sell its stake in the CTRG power plant at Ressano Garcia to Azura Power, for around $145m, subject to regulatory approvals and EDM waiving its pre-emption rights (see here)
Syrah Resources has signed an MoU with Solar Century Africa to “progress” an solar and battery storage hybrid power system to work in conjunction with the existing diesel generation power plant at Syrah’s graphite mine and processing plant in Balama, Cabo Delgado (see here)
