Tongaat Hulett rebuffs would-be buyer for Mozambique assets; Islamist insurgents strike in Nampula

Welcome to Zitamar’s daily Mozambique briefing for 20 June 2022

Agenda:

• 18-23 June: Speaker of parliament Esperança Bias leads a parliamentary delegation to Vietnam

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The latest from Zitamar News:

Islamist insurgents strike in Mozambique's Nampula province for the first time
The incident marks the first insurgent attack in Nampula province in the four and half years since the start of the conflict, which so far has been almost entirely restricted to Cabo Delgado

Tongaat Hulett rebuffs would-be buyer for Mozambique assets
Tongaat Hulett has rejected an approach from a would-be buyer for its two sugar operations in Mozambique, saying it is committed to keeping the company together

Montepuez rubies break auction records as insurgency threat looms
Montepuez Ruby Mining sold a record-breaking $95.6m worth of diamonds in June, just as insurgent attacks within 100km of the mine threatened to disrupt operations

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Also in the news:

• Nampula police deny insurgent attack (Ikweli)

• Minister Magala to oversee restructures of bloated state-owned companies (Savana)

• Public transport subsidies could be reinstated, said Nyusi (O País)

• Imopetro reduces fuel imports to mitigate costs (Carta de Moçambique)

• Transport and logistics key to Mozambique’s economic growth (Rand Merchant Bank)