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Acsion revenue increases fourfold to R453.3m

By: Anine Kilian     30th May 2016 Releasing its maiden results since listing on the JSE last year, real estate investment trust Acsion reported a 322% increase in revenue year-on-year for the year ended February 29, with the company’s 2015/16 revenue pegged at R453.3-million, compared with a revenue of R107.4-million recorded in... 

Mozambique seeks to handle commodity price falls and secret debt crisis

By: Keith Campbell     27th May 2016 A Mozambican government minister has called on mining companies working in the country to focus on the future as it battles though the current economic downturn. Justice Minister Isaque Chande urged them to plan and execute structural measures to secure their investments. He was speaking at a... 

Another Mozambique coal railway project develops, while country is hit by debt scandal 

By: Keith Campbell     6th May 2016 The international tender for the construction of a new railway to link Mozambique’s coal fields to the coast closed at the end of last week. The project is being developed by Thai Moçambique Logística, a joint venture between Thailand-based Italian Thai Development Company, which has a 60% share,... 

South African architecture set for significant changes

     3rd May 2016 THE South African architectural industry is changing so radically and with such speed that current business practices will be virtually unrecognisable a decade from now. This is according to leading architectural firm SVA International, which has been a major industry player for the past 73... 

AfDB pledges increased financial support for Mozambique

By: Mia Breytenbach     22nd April 2016 The African Development Bank Group (AfDB) has affirmed its commitment to continue supporting the growing Mozambique economy, particularly regarding the country’s energy, agriculture and infrastructure sectors. Leading a team of senior staff to Maputo earlier this month, AfDB president Akinwumi... 

Maputo seeks capital gains taxes from mining majors

By: Keith Campbell     22nd April 2016 Mozambique’s Tax Authority has confirmed that it is holding negotiations with Vale Mozambique, the local subsidiary of major Brazilian mining group Vale, on the payment of capital gains tax. Vale Mozambique is one of a number of major companies with whom the Tax Authority is currently having such... 

The Mozambique Mining, Oil and Gas and Energy 2016 event gains momentum

     4th April 2016 Interest in the fifth bi-annual international strategic conference on Mozambique Mining, Oil & Gas, and Energy sector (MMEC) is growing at a rapid rate.  

Mozambique coal miners’ power station projects making ‘visible progress’

By: Keith Campbell     25th March 2016 One of the international companies that has developed coal mines in Mozambique’s Tete province, India’s Jindal Africa, a subsidiary of Jindal Steel and Power, has advertised in the Maputo newspaper Notícias for a consultant to serve as a project manager for its planned power plant at its Chirodzi... 

Gas-fired combined-cycle power plant project, Mozambique

By: Sheila Barradas     11th March 2016 The project entails the construction of a 110 MW gas-fired combined-cycle power plant. 

Petroplan expands its African offering

     10th March 2016 Petroplan is delighted to announce its expansion into Mozambique, having received its official business license earlier this month. The Maputo-based team, which is working with one of sub-Saharan Africa’s leading oil and gas companies, will be supported by existing Petroplan offices in London,... 

Outward African image needs changing to court foreign investment

By: Henry Lazenby     8th March 2016 Africa has a negative outward image, partly owing to the ignorance of outsiders, but mainly owing to a lack of cohesive strategies to tell the positive news about the continent. Speaking during a panel hosted by MineAfrica and the Canada-Southern Africa Chamber of Business, which explored... 

Quick Turnaround Achieved On Rotor Rewind For Sugar Mill Alternator

     9th February 2016 Marthinusen & Coutts recently performed a rush job for sugar producers Tongaat Hulett in repairing the rotor of the 20 MW salient pole synchronous alternator at its Xinavane mill near Maputo, Mozambique. The division carried out the complex task at its Cleveland, Johannesburg, facility in just... 

Konecranes – 106 years on

     2nd February 2016 Konecranes, today one of the top crane and hoist companies in the world, started off from humble beginnings in an old stable in the suburbs of Helsinki, Finland, in 1910. The history of the company is a rich and varied one, with the company growing into a major player in the world’s crane... 

Greater Maputo water supply expansion project, Mozambique

By: Sheila Barradas     22nd January 2016 The project forms part of the World Bank-funded Corumana water supply system. 

Maputo ranked African large city with highest potential for inclusive growth

By: David Oliveira     15th January 2016 Mozambique’s capital Maputo was the large African city with the highest potential for inclusive growth, according to the 2015 MasterCard African Cities Growth Index (ACGI). Casablanca, in Morocco, and Lagos, in Nigeria, ranked second and third respectively.   Now in its third year, the ACGI... 

Maputo ranked African large city with highest potential for inclusive growth

By: David Oliveira     2nd December 2015 Mozambique’s capital Maputo was the large African city with the highest potential for inclusive growth, according to the 2015 MasterCard African Cities Growth Index (ACGI). Casablanca, in Morocco, and Lagos, in Nigeria, ranked second and third respectively. Now in its third year, the ACGI mapped... 

€20m grant to support Maputo water services project

By: David Oliveira     27th November 2015 The Netherlands government signed a grant arrangement worth more than €20-million earlier this month in Amsterdam, Netherlands, which will fund the execution of the Greater Maputo Water Supply Expansion project to supply potable water to 650 000 people in Maputo, Mozambique. The project plan was... 

Labat concludes R560m RTG takeover deal

By: Megan van Wyngaardt     26th November 2015 JSE-listed investment holding company Labat Africa has concluded a R560-million subscription and buy-back agreement for the acquisition of a 100% interest in Reinhardt Transport Group (RTG) and its Chrome Carriers subsidiary. The acquisition, which would see empowered firm Labat acquire all RTG’s... 

Gibb Environmental Showcases Project Excellence In Sustainability

     17th November 2015 Sustainability impacts the bottom-line and all industries should be acutely mindful of how they do business on a planet with fewer natural resources. The importance of internal capacity building, the need for climate and weather information management, the role of integrated planning and the... 

Victoria Falls Airport Order Among Bitcon's Soaring Exports To Africa

     13th November 2015 Leading South African fire, security and transformer door producer, Bitcon Industries, has intensified its export drive into Africa with the procurement of several new sub-Saharan fire door contracts recently. Bob Vollmer, director of Jet Park-based Bitcon, says the highest profiled among the new... 

Tsogo continues investment drive in slow-growth environment

By: Natasha Odendaal     12th November 2015 Hotel, gaming and entertainment group Tsogo Sun has spent in excess of R12-billion over the past six years in acquisitions, expansions, new builds and general capital expenditure (capex) across its portfolio, despite being in a “slow growth” phase. Unveiling the R200-million refurbishment of the... 

Mozambique’s coal sector still embattled, but bottlenecks should soon go

By: Keith Campbell     16th October 2015 Although Mozambique is an established producer of heavy mineral sands and high-quality rubies and, although important high-quality graphite projects will soon start operation and gold is likely to be added to the country’s mining portfolio in the near future, it cannot be doubted that the mining... 

German truck group’s dealership network expands to Mozambique

By: Irma Venter     16th October 2015 Owner of the MAN Truck and Bus Swaziland dealership, Ernest Da Cruz, has expanded the German manufacturer’s sub-Equatorial Africa footprint by building a new sales and service dealership in Matola, just outside the Mozambican capital of Maputo.  The new facility, built from the ground up on a 15... 

Moz rejects cross-border river transport plan on navigability, volume concerns

By: Keith Campbell     9th October 2015 Mozambique has had to reject a proposal from the Malawian government to develop commercial river traffic along the Shire and Zambesi rivers. This was recently announced by Mozambican Transport and Communications Minister Carlos Mesquita, following a meeting between representatives of the... 

Mozambique seeks to promote business and development with foreign help

By: Keith Campbell     9th October 2015 The first phase of the repair and modernisation of the deep water port of Nacala, in Nampula province in Mozambique, is close to being concluded, the Macauhub news agency has reported. This phase will result in the port having new container and fuel terminals, plus a new harbourmaster’s control... 

Booming Mozambique sees opening of R30m MAN dealership

By: Irma Venter     2nd October 2015 Owner of the MAN Truck and Bus Swaziland dealership, Ernest Da Cruz, has expanded the German manufacturer’s sub-Equatorial Africa footprint by building a new sales and service dealership in Matola, just outside the Mozambican capital of Maputo. The new facility, built from the ground up on a 15... 

Namibia punts strategic SADC, shipping position in bid for new investors

By: Natalie Greve     1st October 2015 While acknowledging that its compact population size of 2.1-million offered limited market scope for potential investors, Namibia continues to punt its strategic location along a key transatlantic shipping route and proximity to the frontier markets of Zambia, Angola and Zimbabwe as a rationale... 

Strike at ground services company inflicts delays on SAA 

By: Keith Campbell     23rd September 2015 An unprotected strike by some employees of airport ground handling services company Swissport is causing delays to flights by national flag-carrier South African Airways (SAA), the airline reported on Wednesday. The strike is taking place at O R Tambo International Airport in Kempton Park, east... 

Engen expands service station network in Mozambique

By: Creamer Media Reporter      21st September 2015 Engen, the African energy multinational, is continuing its aggressive retail expansion in Mozambique, with plans for three service stations in the near future – one in Maputo and two in Inhambane. Engen currently operates 16 services stations in Mozambique. 

Engen launches Sub-Saharan African supply corridor

     11th September 2015 Engen, a leading African energy multinational, has significantly increased its supply capacity to southern African countries with the launch of Beira Terminal in Mozambique. The new terminal is aimed at strategically boosting security of supply and strengthening the supply chain in the region. An... 

Swazi international airport still a white elephant

By: African News Agency      9th September 2015 A year and a half after Swaziland’s monarch dedicated Swaziland’s controversial airport and named it after himself, the King Mswati III International Airport has confirmed doubters’ fears that it was likely to become a white elephant. “The KM3 Airport was built on the instructions of the king... 

Weak commodity market weighs on Grindrod

By: Irma Venter     4th September 2015 Freight services and shipping group Grindrod reported a 2% increase in headline earnings, to R328-million, for the six months ended June 30, compared with the same period last year. Revenue, inclusive of joint ventures, increased by 4%, to R14.4-billion, with trading profit, again inclusive of... 

B&E International Supplies Aggregate For Runway Reconstruction Project At Maputo Airport

     25th August 2015 An in-depth understanding of cross-border work, coupled with its access to a large crushing and screening fleet operated by high skilled teams, has positioned B&E International to become one of the leading aggregates crushing companies in Africa. One of its latest contracts, secured on the back... 

Commodity slump cuts Grindrod’s growth engine

By: Irma Venter     21st August 2015 Freight services and shipping group Grindrod on Friday reported a 2% increase in headline earnings, to R328-million, for the six months ended June 30, compared with the same period last year. Revenue, inclusive of joint ventures, increased by 4%, to R14.4-billion, with trading profit, again... 

Transnet gearing up to implement ‘Africa Strategy’

By: Terence Creamer     3rd August 2015 State-owned freight logistics group Transnet says it will begin executing its ‘Africa Strategy’ during the current financial year, having already grown cross-border revenues from R1.5-billion in 2013/14 to R2.6-billion in 2014/15. The company on Monday distributed its integrated annual and... 

Transnet discusses new coal capacity

By: David Oliveira     31st July 2015 State-owned rail company Transnet would reach its goal of expanding the capacity of the Richards Bay corridor to 81-million tons a year in 2016, said Transnet GM commercial Divyesh Kalan at the second yearly Coal Transportation Africa Summit, which took place in Johannesburg in May. He noted that... 

Servitrade, an AMECO company, contributes to Mozambique’s development by training local citizens.

     29th July 2015 ServiTrade, headquartered in Maputo, provides fleet services, construction equipment, tools, site services and asset management solutions across multiple industries and government agencies across Mozambique.  Acquired by AMECO, a wholly owned subsidiary of Fluor Corporation, in 2012, ServiTrade... 

Babcock expands its Volvo footprint across southern Africa

     14th July 2015 The construction of Babcock’s brand new bespoke facility in Middelburg, Mpumalanga, being developed to serve its yellow metal customers in the area, is one of the Babcock International Group’s biggest expansions into this sector to date.  Once completed in August this year, the R100-million... 

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