Mozambique's ruling party bigwigs are securing their political and business legacies by pushing their children to get more involved in Frelimo. Several of them joined the party's central committee in September.
Increasingly emerging as one of the leading figures in Maputo's new generation of high-profile businessmen, Fanuel Samuel Paunde is developing his business interests thanks to a solid network which extends to the top echelons of the ruling FRELIMO party.
With Indian funds, the state-owned CFM is set to place an order for rail equipment that could benefit its renovation of the Beira-Machipanda line.
The oil majors, Total, ENI and ExxonMobil, are continuing to exert pressure on the state to avoid having to meet strong local content requirements. The Ministry of Mineral Resources and Energy is to take advice from a consulting company on the subject.
Total's arrival in Mozambique in September 2019, which marked a high point in France's efforts to establish its presence in the southern African country, was only the cherry on the cake of a wider-ranging campaign in which French banks and companies were already heavily involved.
Total is deeply concerned about the problems posed by the increasing number of terrorist actions in the province of Cabo Delgado. The French major has called in a former military officer to take charge of security at its sites there.
After two years spent running Total's operations in Harare, Ronan Bescond has hopped across the border to prepare for the [...]
Although the two men are at opposite ends of the political spectrum, the children of Eduardo Mondlane, the first chairman [...]
Several of the eight new members of the political committee of the ruling Frelimo party, who were appointed during the [...]
Two of the three children of the first Frelimo President Eduardo Chivambo Mondlane, who was assassinated in 1969, are now active entrepreneurs.