SPECIAL OFFER: 30% OFF your subscription to AfricaIntelligence.com
SUBSCRIBE
Published on 19 June 2012

President Guebuza's business connections

President Guebuza's business connections

A businessman before his election as Mozambique's president in 2005, Armando Guebuza didn't break off ties with his old circles in taking office. In fact, the leader and his family did much subsequently to establish new contacts and gain influence through various companies in which they hold stakes.

In areas like energy, luxury goods, real estate, public works, haulage and medical equipment, Guebuza's four children have all become hard-driving entrepreneurs. And people close to the first lady, and particularly her brother, former minister Tobias Joaquim Dai, have forged solid business links with the mining industry. A detailed look at their holdings.

This article may be accessed by subscribers and e-wallet holders (EUR 29)
Log in to read more

Subscribe or Pay-Per-Article
Discover our offers
MOZAMBIQUE 30/08/2013

Guebuza family heads north 

Several members of President Armando Guebuza’s family own a stake in a new company created to operate ports and terminals, [...]

MOZAMBIQUE 11/05/2012

Jose Eduardo Dai, ENRC’s big noise 

The executives of the mining company ENRC who met President Armando Guebuza in London this week were introduced by a member of his extended family. [...]

MOZAMBIQUE 23/03/2012

Regime's friends have their web 

A few months after they formed the Mozambican company +258 in June 2011, the two founder shareholders Leticia Deusina da [...]

MOZAMBIQUE 09/03/2012

Japanese go into car recycling  Free

A Japanese company specialised in recycling old cars has joined forces with a local partner from a family close to the presidency. [...]

MOZAMBIQUE 10/02/2012

Guebuza's daughters in business 

One of the Mozambican President’s two daughters, Norah Armando Guebuza, who already owns stakes in three companies in Maputo, has [...]

MOZAMBIQUE 15/04/2011

Guebuza family goes into jewellery 

Two of the Mozambican President’s children want to start selling luxury jewellery made in Lebanon, with some well-known partners. [...]

MOZAMBIQUE 01/04/2011

Dignitaries with business acumen 

Some Mozambican dignitaries, the sons of retired ministers and generals, have sewn up the business world. Members of the presidential family are not to be left out. [...]

MOZAMBIQUE 03/12/2010

Armando Ndambi Guebuza 

The son of President Armando Guebuza is well-suited for business, just like his father. Armando Ndambi Guebuza, 33, has added [...]

MOZAMBIQUE 22/10/2010

Tlten Investimentos 

Tendai Mavhunga, the Zimbabwean son-in-law of the Mozambican President Armando [...]

Spotlight MOZAMBIQUE 22/10/2010

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 [. [...]

MOZAMBIQUE 27/08/2010

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 [...]

MOZAMBIQUE 12/03/2010

The heirs are still in business 

The children of Mozambican Presidents, past and present, are still very enterprising in business. We present a spotlight on their latest projects. [...]

MOZAMBIQUE 26/02/2010

The Indians want to hunt in packs 

The State company Gujarat Mineral Development Corporation has found a private Indian partner with good contacts in Maputo so it can get mining franchises. [...]

MOZAMBIQUE 30/10/2009

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 [...]

MOZAMBIQUE 04/09/2009

Guebuza’s daughters’ businesses 

Business is booming for the two daughters of Armando Guebuza. Valentina da Luz Guebuza, who is already a minority shareholder [...]

MOZAMBIQUE 26/09/2008

Guebuza’s Indian partner 

The head of Rachana Global has made a great many business links with the family of President Armando Guebuza. [...]

Spotlight MOZAMBIQUE 30/05/2008

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. [...]

MOZAMBIQUE 24/08/2007

An Indian Who Plans Ahead 

Businessman Majoj Sompura has joined forces with two relatives of leading government figures in a holding company, and recently set up a raft of companies in Maputo. [...]

MOZAMBIQUE 24/07/2007

Indians go for mines 

A number of Indian companies have recently created subsidiaries in Maputo ahead of launching mining prospecting operations. They are not alone. [...]

Spotlight MOZAMBIQUE 29/06/2007

Everybody is doing business 

The business networks and the ruling Frelimo party have been closely interweaved for decades, leading to a risk of insider trading at all levels of power in Mozambique. Support or cooption between entrepreneurs and government officials puts the companies that [. [...]

New: Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

By continuing your visit to this site, you accept the use of cookies allowing us to adapt and enhance your experience. Read more