Browsing: Mozambique

I won’t go into details (you will have to seduce me first) but the country has genuinely a special place in my heart. And trust me, I’ve been around, so that means a great deal to me.

I don’t usually get this personal – in fact I don’t think I ever did – but last week as I visited Maputo I came across a truly remarkable initiative whilst getting involved with a special economic zone. Let’s be honest, Corporate Social Responsibility is often seen by corporations as just another item on their checklist as they make their way to approving projects. Particularly if their operations have a significant impact on the surrounding communities – think natural resources and infrastructure. I am always surprised by the number of senior executives I come across who “talk the talk” regarding social impact but care very little whenever marketing and compliance are not at …

The French are coming!

Last Friday Anadarko’s takeover bid by the Occidental Petroleum (Oxy) was officially approved by 99% of its shareholders at an extraordinary general meeting resulting in the combination of two of the largest oil producers in the Houston area. Although this was the largest deal in recent years, it placed Oxy in a challenging position.

The company took some $40 billion in debt to make the deal a reality, including Anadarko’s existing debts.
In addition, early this week the market reacted nervously as Evercore ratings downgraded their stock saying that Anadarko’s acquisition makes the company “larger but less valuable”.

Nevertheless, Anadarko’s Mozambican assets are now on Oxy’s balance sheet and with the recent FID, it is poised to become a reference for African LNG for years to come. Oxy never made secret that the focus of this acquisition was Anadarko’s Permian Basin assets, which are now being …

The logistic Northern Development Corridor is definitely the most challenging of the three logistics corridors that Mozambique holds (Maputo, Beira and Nacala).

Because it is a bi-national concession management project, manages two ports in one country and two railway systems in two different countries, multimodal transport and cargo handling, all in a huge geographic area, among many others challenges. Being today the preferred export gateway of coal from Tete (Mozambique), Nacala port is preparing itself for the future materializing its potential into concrete actions. And the future looks exciting.

The Minister of Transport and Communications, Carlos Mesquita, quoted yesterday by the daily Notícias, said that the concessionaire of the Port of Nacala (CDN) will invest 10 million dollars in the construction of a bulk grain terminal. The infrastructure will have a discharge capacity of 300 tons per hour and storage of 40,000 tons, as well as packaging facilities. The second …

The World Bank has increased emergency support for the three Southern African countries affected by a devastating cyclone that killed hundreds in March to Tshs.1.6 trillion ($700 million), the lender said on 3^rd May, 2019.

More than 1,000 people were killed across Mozambique, Zimbabwe and Malawi after Cyclone Idai, the worst cyclone in decades, lashed the Eastern Indian Ocean coast bringing heavy winds and rains.

New World Bank President David Malpass, who is in Africa for his first foreign trip, toured the affected areas in Mozambican port city of Beira on 3^rd May, 2019. The bank said it was activating the International Development Association`s (IDA) Crisis Response Window (CRW) to provide up to Tshs.1.2 trillion ($545 million) in total for the three countries.

“This is in addition to the nearly Tshs.345 billion (0 million) in resources that have recently been made available from existing projects. (https://www.sellerlabs.com/…

Emerging markets aviation services provider National Aviation Services says it will offer comprehensive ground handling and cargo services in Mozambique from July.

This will cover ramp, passenger and engineering services and include check-in, boarding, ramp handling, maintenance, cleaning as well as import and export cargo handling and storage for scheduled and ad-hoc airlines at all airports in Mozambique.

“Airline traffic is growing steadily in Mozambique. Coupled with the developing oil and gas, and mining sectors, there is a huge demand for air transport related goods and services for both cargo and passenger operations,” group CEO Hassan El Houry said in a statement.

“This requires heavy investment in the latest equipment, technologies and processes at the different airports in Mozambique, all of which NAS can provide easily. We look forward to utilizing our global experience and expertise to modernize operations and drive efficiency using the latest technologies and operational practices.”

NAS …