Mozambique Weekly Report Is Currently Being Distributed to Over 25 Embassies, 36 Non-Governmental Organisations and 428 Businesses and Individuals in Mozambique
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WEEKLY MEDIA REVIEW: 10 JULY TO 17 JULY 2015 www.rhula.net President Nyusi on working visit to Portugal (see page 38 for more). Rhula Intelligent Solutions is a Private Risk Management Company servicing multinational companies, non-governmental organisations and private clients operating in Mozambique. The Rhula Mozambique Weekly Report is currently being distributed to over 25 embassies, 36 non-governmental organisations and 428 businesses and individuals in Mozambique. For additional information or services please contact: Joe van der Walt David Barske Operations Director Operations Specialist Mobile (SA): +27 79 516 8710 Mobile (SA): +27 76 691 8934 Mobile (Moz): +258 826 780 038 Fax: +27 86 620 8389 Email: [email protected] Email: [email protected] Disclaimer: The information contained in this report is intended to provide general information on a particular subject or subjects. While all reasonable steps are taken to ensure the accuracy and the integrity of information and date transmitted electronically and to preserve the confidentiality thereof, no liability or responsibility whatsoever is accepted by us should information or date for whatever reason or cause be corrupted or fail to reach its intended destination. It is not an exhaustive document on such subject(s), nor does it create a business or professional services relationship. The information contained herein is not intended to constitute professional advice or services. The material discussed is meant to provide general information, and should not be acted on without obtaining professional advice appropriately tailored to your individual needs. Your use of this document and the information it contains is at your own risk OBJECTIVE KEY PERSONS Offering seamless solutions for asset protection Dr. Leonardo Simão - Executive Chairman in SADC political and security environment. Executive director of the Joaquim Chissano Foundation, Chairman of United Bank of Africa VISION and Member of the SADC Mediation Team for Providing a network of political and security risk Madagascar, Leonardo Simão served as Minister advisers with first-hand knowledge of of Health from 1988 to 1994 and Minister of Mozambique and each country in the SADC. Foreign Cooperation from 1994 to 2005. Graduated in Medicine, Specialist in Public SCOPE OF SERVICES Health, he is a founding member of the Medical Country Risk Management Association of Mozambique and member of the Country Risk Assessment Mozambique Medical Council. Market Entry Nuno Tomas - Director Due Diligence A career diplomat, Nuno Tomas is Senior Research & Investigations Adviser to former President of Mozambique, Cultural Nuances and Understanding Joaquim Chissano since 2005. He has been Health, Safety & Environmental involved in special political missions across Management Africa focussed on Conflict Resolution, Physical Site Assessment Sustainable Development, Accountability and Compliance Good Governance. Sanctions (US, EU, UK, Asia) Anti-Money Laundering (AML) Nigel Morgan - Director Anti-Bribery / Corruption (FCPA, BBA, For more than two decades, Nigel Morgan has OECD) advised multinational companies, financial Litigation Support institutions and private clients on political and Know your Client / Source of Funds (KyC / security risk related to foreign direct investment SoF) in Africa. He served in the Irish Guards and at Specialised Security Services the Centre for Policy Studies in London during Corporate Security Planning the premiership of Margaret Thatcher. Crisis Management Emergency Evacuation Joe van der Walt - Director Executive Protection Former South African military officer, who has Kidnap and Ransom specialised in private-sector security in Africa and the Middle East, with particular expertise in AREAS OF OPERATION the oil, gas and mining sectors and working SADC experience in Angola, DRC, Liberia, Zambia, Somalia, Iraq, to name a few. TABLE OF CONTENTS ECONOMY ...................................................................................................................... 8 GRAPH 1: MOZAMBIQUE CURRENCY EVALUATION ........................................... 8 Mozambique central bank leaves key lending rate unchanged at 7.5% ....................... 9 Mozambique to have budget deficit of 6.8% of GDP in 2015 – EIU ........................... 10 Standard and Poor’s downgrades Mozambique ........................................................ 11 Economists concerned by Mozambique’s debt rating slide ........................................ 12 Road freight levels are “inconceivable” - Chairman of the Millennium BIM bank ....... 13 CCMI inaugurated in Maputo ..................................................................................... 14 12 Portuguese companies employ 22,000 people in Mozambique ............................ 14 Portugal was the third largest investor in Mozambique in Q1 .................................... 14 369 SMEs created since the introduction of PPPs in Mozambique ............................ 15 Mustang Resources: update on the Save River Diamond Project ............................. 16 Triton Minerals moves into high gear at Mozambique graphite projects .................... 17 China buys US$3.5 billion of graphite extracted in Mozambique ............................... 20 Nacala-a-Velha: 50 tons of coal ready for shipment .................................................. 22 Home stretch for auction of 13 blocks ........................................................................ 22 Anadarko Petroleum secures 60% of investment for gas project in Mozambique ...... 22 Kappa Oil Services sets up shop in Maputo .............................................................. 23 Natural gas reaches Marracuene ............................................................................... 23 Centre/North power line to be rebuilt ......................................................................... 24 HCB exceeds goal for Q2 .......................................................................................... 24 Zimbabwe’s power utility clears Cahora Bassa debt .................................................. 25 Zambia will be able to export power to Mozambique and Malawi .............................. 26 Mozambique and partners spend US$670,000 on seed capital ................................. 26 Nampula agricultural co-operatives receive funding .................................................. 27 Mozambique could increase exports .......................................................................... 28 European Investment Bank to open Maputo office in 2016 ........................................ 28 Diageo Mozambique exporting Smirnoff Spin ............................................................ 28 3 Prime Minister visits Mozambique’s largest insurance company ............................... 29 Construction of new Matola municipality headquarters underway ............................. 30 Industry market briefing on labour relations, local content and workforce planning in Mozambique .............................................................................................................. 30 POLITICS ...................................................................................................................... 31 “Police must defend the country, not their own interests” – Nyusi .............................. 31 Vice-president of Angola meets with Mozambican ambassador ahead of imminent presidential visit ......................................................................................................... 32 Frelimo announces internal elections across the country .......................................... 32 Maria Guebuza resigns as president of OMM ............................................................ 32 Renamo’s Peace Commission inaugurated in Beira .................................................. 33 Government/Renamo dialogue skips over disarmament deadlock and focuses on economic issues ........................................................................................................ 34 Government accuses Renamo of violating ceasefire ................................................. 35 “State should tighten law on creation of political parties” ........................................... 36 Prime Minister inaugurates centre for victims of violence .......................................... 37 President Nyusi departs for working visit to Portugal ................................................. 38 Ruling party blocks parliamentary inquiry into EdM's businesses with leading Frelimo figures ........................................................................................................................ 39 Attorney-General threatens to take action against her own staff ................................ 40 Moamba resettlement project ..................................................................................... 41 Matola municipality warns of possible DUAT cancellation in Tchumene .................... 42 Study shows fear and youth discontent in Mozambican elections ............................. 42 SECURITY .................................................................................................................... 43 Hundreds flee Tete amid renewed fighting in Mozambique ....................................... 43 Deputies recognise inadequacies in the defence budget ........................................... 44 Nyusi consolidating power within the military ............................................................