MOZAMBIQUE : THE BUSINESS DEALINGS OF FRELIMO BOSSES


  With the collapse of the Soviet empire and the end of Mozambique's civil war, most of the Marxist leaders of Frelimo became fledgling capitalists. Two decades later, they have emerged as major figures in the business world, using their political clout as a springboard to financial success - and membership in Mozambique's upper class. And it's now the children of the Guebuza, Chissano and Machel families who are doing business in their turn, with the same trump card used by their parents: excellent political connections.

 
Corporate dealings of the Guebuza family
(10 ARTICLES)
THE INDIAN OCEAN NEWSLETTER n°1307 - 16/04/2011
Guebuza family goes into jewellery
Mussumbuluko Armando Guebuza and his sister Valentina da Luz Guebuza, two children of President Armando Guebuza, are the ambassadors in Maputo for Christian Bonja, a Lebanese company owned by Michael Mansour and well known in the Middle East and Europe for hand-made jewellery from Lebanon and Swiss watches. (...)  [239 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1298 - 04/12/2010
Armando Ndambi Guebuza
The son of President Armando Guebuza is well-suited for business, just like his father. Armando Ndambi Guebuza, 33, has added to his collection of companies in which he already owns a stake, which range from the family companies to others like JDS Investimentos SA. (...)  [99 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1295 - 23/10/2010
Tlten Investimentos
Tendai Mavhunga, the Zimbabwean son-in-law of the Mozambican President Armando Guebuza is not taking any rest at the moment. (...)  [98 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1292 - 11/09/2010
ARC & Win Logistica
The African Rail Company Ltd (ARC), registered in the British Virgin Islands and already active in railway logistics in Mozambique and Zimbabwe, has just found a new and highly influential partner. (...)  [119 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010
The Guebuzas go into television
The family of President Armando Guebuza has plans to go into the television broadcasting industry at the back of its mind. (...)  [186 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1287 - 12/06/2010
Precision Bricks Mozambique
Tendai Mavhunga, President Armando Guebuza’s son-in-law, has just created an import-export and construction material manufacturing company in Maputo called Precision Bricks Mozambique Lda. (...)  [101 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1281 - 13/03/2010
The heirs are still in business
Already owning stakes in several companies, either as a family or individually, the Mozambican Head of State’s daughter, Valentina da Luz Guebuza has now turned her attention to real-estate transactions. (...)  [293 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1279 - 13/02/2010
Daude Nhaca Guebuza
While his uncle Armando Guebuza was being re-elected President of Mozambique last year, Daude Idrisse Nhaca Guebuza was busy attending to his business. (...)  [123 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1272 - 31/10/2009
A very enterprising family
In addition to the family firm Focus 21 and President Armando Guebuza’s stakes in various companies (including Intelec), the Head of State’s four children have become active entrepreneurs in just a few years. (...)  [284 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1239 - 31/05/2008
Guebuza family has finger in every pie
After he became President at the beginning of 2005 Armando Guebuza, did not stop developing his portfolio of investments. Better still, he and his family have since then expanded their business network via various companies in which they own stakes. (...)  [665 words]   [€8]
Ministers-cum-businessmen
(9 ARTICLES)
THE INDIAN OCEAN NEWSLETTER n°1320 - 12/11/2011
Mozruby
Calisto Moises Cossa, who last year was still an advisor to the Mozambican deputy finance minister, has moved into a new sector, that of exploring for precious stones. (...)  [69 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1318 - 15/10/2011
Jacinto Veloso's daughter in uranium
Last month (ION 1315), Miriam Gaivão Veloso created the commercial company Distrimoz in Maputo, via her family’s discreet public company Neptuno Investimentos. (...)  [132 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1297 - 20/11/2010
Two ministerial families are business allies
The firm Indopetro SA, which has just been formed in Maputo with the stated aim of effecting various kinds of financial operations (such as taking stakes in projects and managing assets) is the outcome of a partnership between three companies owned by Frelimo (governing party) leaders. (...)  [207 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1295 - 23/10/2010
Frelimo leaders sew up business
Continuously in power since the country achieved independence in 1975, Frelimo has become the backbone of the dominant class in Mozambique. Many of its leaders have metamorphosed into businessmen, while local investors draw closer to this ruling party so as to facilitate their activity. (...)  [692 words]   [€8]
THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010
Bonifacio Gruveta
The Frelimo (ruling party) MP and former governor of Zambezia Province, Bonifacio Gruveta Massamba, is indeed the devoted supporter of forestry companies in Mozambique. (...)  [100 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1285 - 15/05/2010
Business and politics good bedfellows
When President Armando Guebuza reshuffled his government last January, he decided, among other things, to withdraw the public works portfolio from Felicio Pedro Zacarias. (...)  [133 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1284 - 24/04/2010
New players in mining industry
Prime Minister Aires Bonifacio Ali has, since last year, been a shareholder in a firm specialising in exploring for mineral resources called Makala Investimentos. (...)  [385 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1250 - 22/11/2008
Energo Mozambik Lda
? The engineering company Energo Nigeria, founded in Lagos in the early 1990s by experts from former Yugoslavia, has joined forces with a powerful Mozambican family with ties to Frelimo (governing party) to gain a foothold in Maputo. (...)  [118 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1228 - 15/12/2007
Final Farmaceutica
The Minister for Tourism Fernando Sumbana and his family have a flair for business at the moment (ION 1227). (...)  [65 words]   [€1,5]
The military in the mining industry
(11 ARTICLES)
THE INDIAN OCEAN NEWSLETTER n°1320 - 12/11/2011
Namoto Chipande
Nkutema Namoto Alberto Chipande, the son of Frelimo dignitary retired General Alberto Chipande, is, like his father, interested in the mining sector. (...)  [175 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1317 - 01/10/2011
A general in carbon credits trading
A former Mozambican minister for defence, retired General Alberto Joaquim Chipande is to go into the business of trading carbon credits. (...)  [239 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1310 - 08/06/2011
General Raimundo Pachinuapa hits the jackpot
The two shareholders in the Mozambican company Mwiriti Lda - the former Frelimo (ruling party) executive Raimundo Domingos Pachinuapa and his Iranian born partner Asghar Fakhraleali - could soon have a bonanza. (...)  [249 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1285 - 15/05/2010
Retired general in mines
The team that founded Companhia Mineira do Chibuto in Maputo at the beginning of April is substantially the same as the one that for some years has been at the head of the Companhia Mineira de Naburi, a company that at the end of 2009 was attributed a permit to search for titanium. (...)  [191 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1267 - 01/08/2009
Former officers in mining
The firm Monte Binga had originally been founded in 1996 by the Mozambican ministry of defence, but it was subsequently metamorphosed into a limited company privately owned by a handful of military dignitaries. (...)  [198 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1265 - 04/07/2009
Celebrities in mining
The eminent Maputo physician, Filipe Gaspar Matusse, is taking an interest in prospecting for precious stones and ores via the company Sociedade de Desenvolvimento Mineiro do Niassa (SDMN) that he created in February 2009 together with three partners. (...)  [202 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1262 - 23/05/2009
Maputo
Wearing his hat of representative of the firm Ocirema, the former head of the Mozambican air force, retired General Joao Americo Mpfumo, has just created a new trading company called Intratrek Lda. (...)  [80 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1256 - 21/02/2009
Maputo
The son of the late General Sebastiao Mabote, who died in 2001 in a road accident and was given a national funeral, is continuing his business activity. (...)  [91 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1243 - 26/07/2008
Former servicemen go into business
At the beginning of the month, the Associaçao dos Desmobilizados da casa Militar na Presidencia da Republica (Academi), gathering former members of the Mozambican presidential guard, created a security company together with three other partners. (...)  [343 words]   FREE
THE INDIAN OCEAN NEWSLETTER n°1236 - 12/04/2008
Joao Americo Mpfumo
The former commander of the Mozambican air force, a member of the governing Frelimo party’s military old guard, has for a many years been active in the world of business, acting as the agent for local or international companies (ION 1218). (...)  [157 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1234 - 15/03/2008
Maputo
The son of the retired general and former Defence Minister, Alberto Joaquim Chipande, was involved last month in the creation of a new consulting company whose activity is centred on devising investment and company restructuring projects. (...)  [55 words]   [€1,5]
Chissanos and Machels explore opportunities
(17 ARTICLES)
THE INDIAN OCEAN NEWSLETTER n°1321 - 26/11/2011
Samora Machel Jr in tourist industry
After participating in early July (ION 1314) in the creation of the firm Ntethe Companhia Agricola Lda (specialising in the import and export of agricultural products), Samora Moises Machel Jr, the son of the late Mozambican President Samora Machel, now wants to expand his activity in managing projects in the hotel, restaurant and tourist services areas. (...)  [160 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1314 - 30/07/2011
Ex-presidents’ family on front page
In early July, Samora Moises Machel Junior, the son of the late President Samora Machel of Mozambique, added another name to the list of companies in which he owns stakes. (...)  [287 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1296 - 06/11/2010
Maputo
?The son of the late first President of Mozambique, Samora Moises Machel Jr, is constantly expanding his business interests into new sectors. (...)  [109 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1271 - 17/10/2009
Machel’s son’s finger in every pie
Malanga Machel, the son of the late President Samora Machel, is present in a large number of companies, either in his own capacity or through the fact that he is one of the directors of the Whatana Investments Group which is chaired by his mother Graca Machel. (...)  [242 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1271 - 17/10/2009
Josina Ziyaya Machel
Although she is more discreet than her half-brother Malenga Machel (see p.6), Josina Ziyaya Machel, the daughter of the late President Samora Machel is nevertheless active in business in Maputo. (...)  [131 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1268 - 05/09/2009
Maputo
The son of the late President Samora Machel is loyal in his business activity. (...)  [69 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1267 - 01/08/2009
The Machels in the Mozambique property sector
Olivia Samora Moises Machel, one of the daughters of the late President Samora Machel, is planning to build a residential apartment block a stone’s throw from one of the most luxurious hotels in country, the Hotel Polana. (...)  [158 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1264 - 20/06/2009
CCM Construçoes
The brother of the late President Samora Moises Machel really doesn’t want to miss out on the current boom in the construction industry in Maputo. (...)  [117 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1262 - 23/05/2009
Cartrack Moçambique
The company ONE Segurança changed its name at the beginning of the year to become Cartrack Moçambique. (...)  [130 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1259 - 04/04/2009
Maputo
N’naiti Joaquim Chissano, the son of the former Mozambican President, along with his business associate, Apolinario José Pateguana, decided at the end of February to sell all the equity they owned in Golden Travel Lda. (...)  [127 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1258 - 21/03/2009
Maputo
One of the two daughters of former President Joaquim Chissano has just created a new company in the events organisation sector. (...)  [102 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1245 - 13/09/2008
Maputo
The daughter of the late President Samora Machel of Mozambique is not only her brother’s minority partner in the firm Guguy Palms Lda (ION 1244). (...)  [108 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1244 - 30/08/2008
Offspring still very active
Already active in several sectors of activity, Samora Moise Machel Junior has just started out in the property business. Via his firm AFS Investimentos Lda, he founded the company Guguy Palms Lda of which he owns 50% of the equity, in Maputo last month. (...)  [232 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1240 - 14/06/2008
Former dignitaries go into tourism
The firm Sociedade Moçambicana de Turismo Lda (Sotur), founded in 1992 by Miguel Alberto Chissano, the brother of former President Joaquim Chissano and by Sibone Manuel Mocumbi, the son of the former Prime Minister Pascoal Mocumbi, has just created a new company in the tourist sector. (...)  [235 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1236 - 12/04/2008
Notables’ sons in business
Apolinario José Pateguana has always been in partnership with Nyimpine and N’naite Chissano. In fact some of their transactions together have been not entirely above board. (...)  [222 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1233 - 01/03/2008
Malengane Machel
The son of the late President of Mozambique, Samora Machel and of Graca Machel now remarried to former South African President Nelson Mandela, is a member of the team involved in an African investment fund set up by Hasso Plattner, the billionaire joint founder and former CEO of the German computer giant SAP. (...)  [115 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1230 - 19/01/2008
Nguni Enterprise
( ) The company owned by the former Mozambican President Joaquim Chissano together with his two brothers Henrique and Alberto José (ION 1169) has just participated in creating the firm Hortense Uetela e Nguni Consultores Lda. (...)  [89 words]   [€1,5]
Former ministers flock to private sector
(13 ARTICLES)
THE INDIAN OCEAN NEWSLETTER n°1306 - 02/04/2011
Dignitaries with business acumen
Armando Ndambi Guebuza, 34, recently founded a property business operating in both residential and office sectors. He is the son of President Armando Guebuza and is already a partner in some of his father’s companies as well as a few others in his own right: (...)  [326 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1306 - 02/04/2011
Maputo
Energy and mining are really the favourite sectors of the former Minister for Defence, Tobias Joaquim Dai, who is incidentally also the Mozambican President’s brother-in-law. (...)  [146 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1298 - 04/12/2010
Alfredo Massinga
The former Deputy Minister for Fisheries who was sacked in 2005, Alfredo Victor Rafael Massinga, is very loyal in business. (...)  [102 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1298 - 04/12/2010
Nantulo Minas
The former Mozambican Minister for Defence, Alberto Joaquim Chipande, now a member of the Council of State, has embarked on a new commercial adventure. (...)  [126 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1295 - 23/10/2010
Sinergy Lda
After his experience with solar energy (with the company Solaris that he created last year), Rui Brito Gamito has now turned his attention to seafood. (...)  [112 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1295 - 23/10/2010
Maputo
? Bruno Morgado, the son of the former Minister for Industry Carlos Morgado, has created a new company in August. (...)  [109 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1287 - 12/06/2010
A former minister's new company
Two Mozambican businessmen who have already had good contacts in the mining sector for several years have just joined forces in Maputo to create a company to search for gold called Mozouro Recursos Lda. (...)  [154 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1283 - 10/04/2010
Hermenegildo Gamito in construction
A new construction company has just been born in Maputo called Moçambique Construtora Lda at the initiative of two Portuguese firms: (...)  [178 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1273 - 14/11/2009
Maputo
Two offspring of Mozambican dignitaries are constant business partners. Celso Cadmiel Mutemba, the son of the minister for fisheries, and Pascoal Mahiteke Mocumbi, the son of a former Prime Minister, are already in partnership in Top Tours, Viagens Serviços et Turismo Lda and in the property company Oaktree Investments Lda. (...)  [98 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1264 - 20/06/2009
Solaris
? ( the son of the former Minister Alfredo Gamito has just created a company in Maputo specialised in renewable energy, called Solaris Lda. (...)  [70 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1244 - 30/08/2008
Maputo
The Indian Manoj Kumar Vasudev Sompura has very good connections in Mozambique. (...)  [87 words]   [€1,5]
THE INDIAN OCEAN NEWSLETTER n°1237 - 26/04/2008
A former minister on all fronts
At the end of last month the former Minister for Foreign Affairs, Leonardo Santos Simao, founded the firm Tiko Investimentos SA together with two partners, the Mozambican Fausto de Oliveira Cruz and the Portuguese resident in Maputo, Maria Patrocinia Martins Pires. (...)  [223 words]   [€5]
THE INDIAN OCEAN NEWSLETTER n°1234 - 15/03/2008
CCGS
The businessman and one of the leaders of Frelimo (Mozambican majority party), Hermenegildo Gamito, is looking at health management systems and working as a consultant in this field. (...)  [83 words]   [€1,5]

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Mozambique | Armando Guebuza | Frelimo | business | mining industry
Joaquim Chissano | Samora Machel | général Pachinuapa | Alfredo Massinga | Hermenegildo Gamito


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