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The Mozambican Investor

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527th Issue | March 2 2017 | The #1 Newsletter for top business, investment and legal news in Mozambique
This edition is brought to you in partnership with:
               
The sponsor of this week is:
Investing in Mozambique

Watch: "Do not turn Culture and Tourism into the Government's burden" - Nyusi
prmiturr
Renamo promises its armed wing will maintain truce with Mozambican Armed Forces
muchangafilelusa
Mozambique: Police accuse Renamo of murdering community leaders in Inhambane
funhalourodw
Inspectors close well known Maputo restaurant after finding 'a range of threats to public ...
cristal
Mulémbwè claims Nyusi will be Frelimo candidate in 2019 - Mozambique
mulembwe
Police smash fuel theft gang in port of Beira - Mozambique
fuelvoa
Mozambique: Prime Minister speaks about peace, economy, conflict of interest - AIM report
Mozambique's Interior Minister informed Marcelo and Costa about missing Portuguese ...
mozflag
Unabridged: Statement by the HR/VP Federica Mogherini on the new stage of the negotiation ...
mogherinicnn
President Nyusi invites seven ambassadors and EU to Mozambican peace process
nyusidw1
Nyusi appoints "Contact Group" for peace talks
Mozambique: Renamo demands approval of decentralization this quarter
ivones
Anti-foreigner protests in South Africa: House of Mozambican citizen burned down in ...
mozsazenophobia
Sing from the same page, Nyusi urges Frelimo deputies
nyusifrelimo
Assembly: All parties call for "effective peace" in Mozambique - AIM report
Nyusi calls on Mozambicans to maintain vigilance in observing the truce
nyusitete
Mozambican parliament places peace agreement on agenda
Missing Portuguese businessman kidnapped in Mozambique: Interior Minister goes to Lisbon
basiliomonteirofm
Thousands returning home confident of end to conflict - Mozambique
Former Interior Minister of Mozambique Manuel António dies
manuelantonio (1)
Zim safe from Renamo — Army
Mozambique: Renamo reopens its headquarters in the center of the country
Mhoje_renamo5_photo_jpg
Police should reflect on how to prevent violent crime - Nyusi
Italy pledges support for Mozambique's decentralization
Mhoje_mozmapproinces_photo_jpg
President Nyusi on two-day visit to Tete province - Mozambique

Read more of the latest stories making headlines here

Environment, Social Development and Society

Three children drown in Beira floods - AIM report
beirafloodstvm
Warnings of possible storms in Mozambique
Floods in Beira: What would have happened without the new Chiveve Canal?
Houses in Xai-Xai city flooded - Gaza, Mozambique
550,000 people affected by cyclone #Dineo - AIM report
Weather alert: Possibility of heavy rainfall, thunderstorms and strong winds throughout ...
Floods kill two children in Beira, Mozambique
Flooded out in Beira: A month's rainfall in just two days - Mozambique
Weather Alert: Rainfall and thunderstorms in Maputo, Gaza and Inhambane

Mozambique the 1st country to add areas to Great Limpopo Transfrontier Park: Greater ...
glp
Mozambique, neighbours and Angola mapping strategies for Zambezi
Zimbabwe to donate 2,000 animals to Mozambique - AIM report
Advances claimed in sustainable forest management in Mozambique

Mozambican religious leaders repudiate use of girls to repay debts
Mhoje_childmarriageunicefmz_photo_jpg
Sweden provides 4.7 ME for access to safe abortion in Mozambique
Mozambique has 13 psychiatrists for 150,000 seeking mental heath services
Josina Machel case raises question over compensation
Mozambican experts condemn gaps in studies on environmental impacts of projects
WHO says new drugs urgently needed to fight 12 'priority pathogens'
I am normal, says Rosita, a teen born in a tree
Authorities in Nampula admit possibility of cholera deaths outside hospitals
Ministry of Health concerned about increase in diabetes
Lawyers want tougher measures against domestic violence
More on the cholera outbreak in Nampula - AIM report

Mussapa overflows killing five, leaving five more missing in Sussundenga

mussapa
438 members of police in Nampula awarded ranks - AIM
Manica police recover wheat stolen from train on Beira Port - Zimbabwe route
36 illegal Ethiopian immigrants arrested in Meconta thanks to local tip off
'Secretário de círculo' and wife of Funhalouro community leader murdered
Maputo-Catembe crossing: Ferry-boat Bagamoyo breaks down again

Water restrictions: Pequenos Libombos floodgates close
pequenoslibombos
Pequenos Libombos: Authorities investigate fire at Maputo water supply dam

Latest  Mozambique stories making headlines here

Business & Economy

Bank of Mozambique slams illegalities in the issuance of guarantees by microfinance .operators
Mhoje_bancomocbaixa_photo_jpg
Mozambique Stock Exchange still lacks a single listed SME - Chairman
salimvala1
Mozambique tax incentives raise doubts

meticalvoa
CONSILMO asks Govt to readjust contracts with contractors / privatise EDM, LAM, Petromoc
CONSILMO1
Banco Moza says recapitalization proceeding within expectations
mozacartao
Young Mozambicans disappointed with employment policy
Gapi Investment Society celebrates 27 years
gapiis
Gravel theft endangers railway in northern Mozambique
Mozambique to seek partial debt restructuring, says prime minister
Mhoje_dorosariomore1_photo_jpg
Economist says that Mozambique's debt renegotiation is possible

debt
Private sector still has no proposal for new minimum wage
ctaop
GM plans to sell stake in East African unit to Isuzu
The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan October 26, 2015.   REUTERS/Rebecca Cook
Mozambican private sector not in a position to raise salaries - CTA
Govt needs to close debt renegotiation by March, does not know if it will be able to pay next instalment
Mhoje-maleianesteven_photo_jpg
Aviario Paula: The ability to overcome day-to-day difficulties, survive and grow
IMF directors explain how they can lend to countries with unsustainable debt
Mhoje_IMFpic_photo_jpg
Mozambique: Labour Inspectorate suspends 13 foreign workers
Nyusi inaugurates largest shopping centre in Tete
nyusitetemall
Mozambique television in financial difficulties - AIM report
Real estate in Mozambique a safe haven investment in times of crisis - Prime Yeld Consultancy
Mhoje_maputoranitowers_photo_jpg
Mauritius the investment platform of choice for Mozambique
sanspeur
Barclays to pay $988 mln to split from African business
A Barclays logo is pictured outside the Barclays towers in Johannesburg, South Africa, December 16, 2015. REUTERS/Siphiwe Sibeko/File Photo

INAE closes 20 establishments, mainly over hygiene - Mozambique
Mhoje_breadprices_photo_jpg
Two more Maputo bakeries closed on health grounds
Inspectors close another Maputo restaurant

Read more of the latest Business stories making headlines here

Mining & Energy
Eni "within weeks" of sealing multi-billion dollar deal to sell stake in Mozambique ...
Mhoje_descalzienimoz_photo_jpg
Mozambique: Companies seek US support for hydrocarbon exploration
euagas (1)
Mozambique can be self-sufficient in electricity by 2021
mozenergy
Mozambique's INP denies any new oil discovery in Inhambane
Mhoje_sasoldrill_photo_jpg-825x510
Mozambique denies police abuse in ruby deportations - BBC report
rubymozbbc
Ruby town deportations: Mozambique police crackdown - BBC report
rubymzbbc3
Sasol announces Mozambique oil find - AIM report
Mhoje_sasolmzz_photo_jpg
Mavuzi and Chicamba power stations in Manica: US$120 million rehabilitation complete
mavuzi
Sasol sees first Mozambique oil production in 2-3 years
sasolfile
Chinese investment in coking coal: US$1.3 billion plant in Nampula - Mozambique
coal (1)
Sasol says Mozambique drilling campaign showing 'promising results' as it scales back 
Mhoje_sasolmzzfile_photo_jpg
More on the new gas-fired power station for Inhambane and its impact on EDM - AIM report
sasolmz
EDM promises to pay HCB accumulated debt this year
edmoffice

Mozambique launches operation against illegal miners
miners
Read more of the latest Mining & Energy stories making headlines here
Regional & International

SA Xenophobic attacks: Ghanaians rescued, Nigerians deported, Congolese warned
saxenophociafnews
Land haunts Germany's effort to atone for Africa genocide
Namibian Alex Kaubtauuapela leans on her walking stick at her home in Okahandja, north of Windhoek, Namibia, February 21, 2017. Picture taken February 21, 2017. REUTERS/Siphiwe Sibeko
African leadership prize withheld - again
ibrahim
Russia, China block U.N. sanctions on Syria over gas attacks
Somalia president declares drought a national disaster

South Africa's antitrust watchdog seeks fine for Unilever
Zimbabwe's Mugabe flies to Singapore for medical checks
Watch - Refugee child abuse rampant in Libya: UNICEF
childrenlybia
Nigeria says South Africa deported 97 of its citizens after raids
Tunisia beach attack victims let down by "cowardly" security forces: UK inquiry

South Africa's MTN swings into first annual loss in 20 years
Under Xi, wealth of China's uber-rich lawmakers grew faster than economy
Japan donates wheat and rice to Namibia

Ebola fighter, Time person of the year, dies in childbirth
saalomek
Children 'swept away by floods' in southern Zimbabwe

Zimbabwe sets aside $140 mln to buy maize for strategic reserve
Nigeria's Amina Mohammed sworn in as Deputy UN Secretary-General
Trevor Noah buys '$10m New York penthouse'
South African official sacked over 350% pay rise
Tens of thousands flood into Sudan from famine-hit South Sudan
More looting in Johannesburg after wave of anti-immigrant attacks
xenophobiaepa
Trump seeks 'historic' U.S. military spending boost, domestic cuts
Botswana cenbank sees economic growth above 4 pct in next two years
New Gambia government says committed to 'one China' policy
Show respect, avoid insults: U.N. envoy gets strict at Syria talks
Philippines condemns 'barbaric beheading' of German hostage - Watch
Angola decriminalises abortion in some cases
Risk of Nigeria devaluing Naira rising - Reuters poll
Xenophobia: SERAP calls for sanction against South Africa
Nigeria: Two kidnapped Germans freed
Watch - South African police fire rubber bullets at anti-immigrant march in Pretoria
Ex-Comverse CEO who fled to Namibia sentenced in U.S.
South Africa's Gordhan defends need to deal with ratings agencies
S.Africa's govt drawdowns rising, pose risks to fiscal position: Moody's
Hundreds of protesters demand departure of Guinea Bissau president
guinea-bissau-s-president-vaz-addresses-the-united-nations
Nigeria 'summons' South African envoy over xenophobic attacks
Watch - Does the China-Pakistan economic corridor worry India?
Somali president appoints oil firm executive as PM
Zimbabwe army doctors to help hospitals during strike
Nigerian student protesters demand South Africans leave the country
Earthquake strikes Zambia

Read more of the latest Regional and International stories making headlines here

Culture & Tourism
Mozambique's Messias Maricoa wins at Kizomba Music Awards
MARICOA

Tweeting accountant blamed for Oscar best picture blunder
Oscar winning ballots are carried along the red carpet by personnel from Price Waterhouse Coopers as they arrive for the  89th Academy Awards in Hollywood, California, U.S. February 26, 2017. REUTERS/Mike Blake
'Moonlight' upsets 'La La Land' for top Oscar after major gaffe

Race for Bafana coaching job now between Queiroz and Renard

queiroz
Expanded World Cup, Africa will get more than 7 slots – FIFA boss
fifacup
Read more of the latest Culture & Lifestyle  stories making headlines here
Read more of the latest Sports stories making headlines here
Read more of the latest Tourism stories 
 here
 
Marketplace
FUEL AND LPG PRICES
 
 Petrol - Gasolina - unleaded       47.52 Meticais per litre
 Diesel - Gasoleo                             36.81 Meticais per litre
 
 
Prices are in force in the port cities of Maputo, Matola, Beira and Nacala.  Elsewhere in the country, fuel distribution companies can add their transport costs.
CNG – 17,75/Liter equivalent

BUSINESS
Starts: 16th -  Mach
Ends: 17th - March
 
Starts: 16th -  Mach
Ends: 17th - March
Starts: 8th -  March
Ends: 10th - March
Starts: 8th -  March
Ends: 10th - March
 
ENTERTAINMENT
EXCHANGE RATES Brought to you by the Bank of Mozambique
24 February to 2 March 
Currency
 
USD
ZAR
EUR
Buy
 
70,06 
5,43
74,02
Sell
 
70,26
5,44
74,23
Currency
 
USD
ZAR
EUR
Buy
 
69,90
5,34
73,56
Sell
 
70,00
5,35
73,67
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