361sh Issue | 08 October 2013 - Club Of Mozambique

361 sh Issue | 08 October 2013 | The #1 Newsletter for top business, investment, and legal news in Mozambique
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MOZAMBIQUE
Revolution in pre-trial detention laws in Mozambique
Following a campaign by the Human Rights League (Liga), the Constitutional Council in Mozambique has declared that
four aspects of the criminal procedural code relating to pre-trial detention were unconstitutional.
Renamo refuses to continue dialogue without facilitators
Mozambique’s main opposition party, Renamo, has stated that it will refuse to take part in further dialogue with the
government unless national facilitators and international observers are present.
Guebuza calls on Mozambicans to defend peace
Mozambican President Armando Guebuza on Friday urged all Mozambicans to unite in a deep reflection on the role of
peace in the struggle against poverty.
Threats from forum of demobilised soldiers
The chairperson of the Forum of Demobilised Soldiers, Herminio do Santos, has implicitly threatened to disrupt the
municipal elections scheduled for 20 November, unless Mozambican President Armando Guebuza agrees to a meeting
with the Forum.
Postal service to launch ATM card for pensioners
The publicly owned company Correios de Mocambique (Mozambique Post Offices) is developing plans to introduce a
payment card for pensioners.
Mozambique to introduce fish production degree
Mozambique’s Ministry of Fisheries has entered into a partnership with Eduardo Mondlane University (UEM) and
Brazil’s Federal University of Amazonas (UFAM) to develop a degree course in fish production.

Norway to support hydrocarbon training programme
The Norwegian government will provide a million US dollars to support a training programme for young Mozambicans.
Policemen jailed for renting out guns to criminals
The Sofala Provincial Court in central Mozambique on Monday sentenced two policemen to 12 year jail terms for hiring
out police firearms to criminals.
EN1 in poor state between Pambara and Save
Motorists driving along Mozambique’s main north-south highway between Pambara and Save, in Inhambane province,
are suffering as the road continues to degenerate.
Read more of the latest Mozambique stories making headlines here
BUSINESS
´90% of workers know when a project is about to fail´
In an exclusive interview with Pedro C. Ribeiro, a man with more than thirty years’ experience on how reduce and
manage project risks and author of “Sinking the Unsinkable: Lessons for Leadership,” published by NASA, we got a brief
overview on what his sought after workshops provide.
State Inspectors act against speculation
Brigades from the Mozambican government's National Inspectorate of Economic Activities (INAE) on Thursday seized
300 50 kilo sacks of cement that were being sold in the central city of Beira at speculative prices.
Bank to support businesswomen inaugurated in Mozambique
The “Mulher Caixa de Poupança e de Crédito” bank, the first bank focused on businesswomen in Mozambique was
inaugurated Wednesday in the city of Matola, Maputo province.
Israeli company to expand mobile network
The Israeli company MER Group on Monday announced that it has secured a contract to expand the mobile phone and
data network in Mozambique.
Sweden´s deputy Prime minister makes official visit to Mozambique
Sweden’s deputy Prime Minister, Jan Bjorklund, began an official visit to Mozambique to promote two-way trade and
encourage Swedish companies to set themselves up in Mozambique.
Rail cargo transport begins between Mozambique and Zambia
A train carrying 1,050 tons of inorganic fertilizers has left the port of Beira in central Mozambique, headed for Lusaka,
the capital of Zambia, along the Machipanda railroad.
Deadly maize disease hits Mozambique
A devastating maize disease, prevalent in East Africa, is threatening the food security and livelihoods of millions of
people in Mozambique.
Viability study made before ship purchase
The chairperson of the Mozambican Institute for the Management of State Holdings (IGEPE), Apolinario Panguene, has
told the independent daily 'O Pais' that an economic viability study was undertaken before an order was placed with a
shipyard in the French town of Cherbourg for a tuna fishing fleet.
Ethiopian Airlines awarded “African Business of the Year”
Ethiopian Airlines has been recognized by African Business magazine as the “African Business of the Year” at the African
Business Awards 2013, held on September 20, 2013 at the Mandarin Orient New York.
BP believes in Mozambique´s “political maturity” and announces investment of 63million
British petroleum company BP announced that it would be making an investment of 62.9 million euros towards new
projects and the modernization of existing infrastructures in Mozambique.

Read more of the latest Business stories making headlines here
MINING & ENERGY
Mozambique receives eight proposals for construction of natural gas refineries
Eight foreign companies have presented proposals to the Mozambican government to build two natural gas refineries
in the Rovuma basin, said Mozambican oil and gas company Empresa Nacional de Hidrocarbonetos (ENH), which
manages the States’ mining resources stakes.
Mozambican government launches website for mining cadastre
Mozambique’s Mining Resources Ministry has launched a website to publish information about the country’s mining
cadastre with the aim of “increasing transparency and promoting investments in the sector,” said the state
department.
OVL-OIL's 20% stake buy in gas field gets nod
The government has approved ONGC Videsh and its partner Oil India acquiring a total of 20 per cent stake in a giant
offshore gas field in Mozambique for over $5 billion.
Substandard geological work could lead to loss of project value
Significant project value could be lost in Mozambique’s Tete coalfields if geological exploration was not conducted to
an adequate standard, the Mineral Corporation senior technical adviser Gavin Andrews said on Wednesday.
Read more of the latest Mining & Energy stories making headlines here
OVER THE BORDER
Nigeria's Venture magazine lists 55 billionaires in Africa
Africa has 55 billionaires, far more than previously thought. They include three women - the mother of Kenya's
president, a daughter of Angola's president and a Nigerian oil tycoon and fashion designer.
Lampedusa boat disaster: Death toll rises to 232
Italian divers have recovered dozens more bodies from a boat carrying African migrants that sank on Thursday.
Brazil - Rio and Sao Paulo teacher protests turn violent
Protesters demonstrating in support of teachers receiving better pay in the Brazilian cities of Rio de Janeiro and Sao
Paulo have clashed with police.
Moody's says six African nations to tap bond markets
At least six sub-Saharan African countries will issue debut international bonds in coming years as record demand for
the continent’s debt will be sustained by strong economic growth, according to Moody’s Investors Service.
Rio de Janeiro favelas occupied after major operation
Hundreds of Brazilian security officers, backed by armoured vehicles and helicopters, have occupied 12 shanty towns in
Rio de Janeiro.
Egypt: 51 killed as clashes erupt, security forces crack down on protests
Clashes erupted between demonstrators and security forces in Egypt on Sunday, leaving 51 people dead and more than
260 injured, state media reported.
US credits Syria's Assad over chemical weapons destruction
Syrian President Bashar al-Assad's regime deserves credit for complying with a chemical weapons deal, US Secretary of
State John Kerry has said.
Supreme owner made a billionaire feeding U.S. war machine
Chemical warfare and car bombings are just a few of the hazards working in war-torn countries such as Iraq and Syria.
For Supreme Group BV, it’s the cost of doing business.

FBI shuts alleged online drug marketplace, Silk Road
U.S. law enforcement authorities have shut down "Silk Road," an anonymous Internet marketplace for illegal drugs like
heroin and cocaine and criminal activities such as murder for hire, and arrested its alleged owner.
The Gambia to withdraw from Commonwealt
The Gambia is to withdraw from the Commonwealth, 48 years after joining. The west African nation branded the 54-
member grouping, which includes the UK and most of its former colonies, a "neo-colonial institution".
SA on risky ground
South Africa, Kenya and Ghana, among sub-Saharan Africa's biggest economies, were at serious risk of capital outflows
if the US Federal Reserve cuts back on its stimulus spending, Fitch Ratings said.
Poaching funds Somalia's al Shabaab, activists say
Somalia’s al Shabaab militia, responsible for the Westgate mall siege in Nairobi, is being partly financed by the illegal
ivory trade, a wildlife group said Thursday. The trade could be supplying up to 40% of the Islamist group’s funds.
Kenya tells Somalia "put house in order" after mall attack
Kenya's president told Somalia on Tuesday to "put their house in order," in a sign of frustration at the festering
instability in the neighboring country after members of a Somali militant group attacked and killed dozens at a Nairobi
shopping mall.
Rhino horn poaching hits record in South Africa
The number of rhinos killed by poachers has hit a new annual record in South Africa, raising worries of a downward
population spiral in a country that is home to almost all of Africa’s rhinos.
Microsoft investors push for chairman Gates to step down
Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman
of the software company he co-founded 38 years ago, according to people familiar with matter.
Read more of the latest International stories making headlines here
MARKETPLACE
The Mozambican Traveler October readers´ competition
In June photography enthusiasts literally went wild in providing the Wild Mozambique Photo Competition with some
breathtaking and magical shots of wildlife in Mozambique. The winning photos have been made into a calendar which
will be available shortly from Dalmann furniture shops in Beira and Maputo as well as from the following book shops in
Maputo: Livraria Editora, Mabuko and Livraria Conhecimento.
For your chance to win one of two Wild Mozambique 2014 calendars, just send an email with ‘Support conservation
with Wild Mozambique 2014’ in the subject line to antje.brauer-maxaeia@clubofmozambique.com by 24 October
2013. The winners must be able to pick up the prize from our Maputo office. Terms & conditions apply.
PROPERTY
Fantastic property offers from Pam Golding Mozambique
Super Complex To Rent
Warehouses for rent in excellent location, on the N4 and close to Maputo Port
Investment Opportunity in Julius Nyerere
Incredible Investment Opportunity!
House to sell at D. Alice
MANICA - Farm with real estate
EXCHANGE RATES
Brought to you by the Bank of Mozambique

Currency
02 October 27 September
Buy
Sell Currency Buy
Sell
USD
ZAR
EUR
29,74
2,96
40,33
29,94
2,98
40,60
USD
ZAR
EUR
29,74
2,98
40,16
29,94
3,00
40,43
FUEL AND LPG PRICES
Petrol (Gasolina) - unleaded 47.52 meticais per litre
Diesel (Gasoleo)
36.81 meticais per litre
Prices are in force in the port cities of Maputo, Matola, Beira and Nacala. Elsewhere in the country, fuel distribution
companies can add their transport costs.
CNG – 17,75/Liter equivalent
EVENTS
Hotel Cardoso is the ideal venue for your next conference.
To arrange your conference with Hotel Cardoso, contact Lucas or Sérgio on (+258) 21 49 1071.
www.hotelcardoso.co.mz
11 October – 1 st Continuous education & career development forum Mozambique
22 – 24 October – iPAD Mozambique Power & Gas Forum
20 July – 02 November - EP RECRUIT - Workshops 4U
4 – 7 November – Mozambique Investment Summit, London
Mozambican Investor is brought to you by Club of Mozambique “Mozambique’s Biggest Online Publisher”.
If you would like assistance in identifying investment opportunities, business partners, or reputable service providers, contact Club of Mozambique at
adrian.frey@clubofmozambique.com.
The Mozambican Investor is freely distributed by e-mail to subscribers. Send us an e-mail if you wish to subscribe or unsubscribe:
joaquim.fale@clubofmozambique.com
DISP.REGº/Nº75/GABNFO-DEC/2006
Director: Adrian Frey adrian.frey@clubofmozambique.com
Editor: Joaquim Falé joaquim.fale@clubofmozambique.com
Club of Mozambique
Av. Julius Nyerere, 657 - 1st Floor (Mundo’s Restaurant)
Maputo – Mozambique
Telefax. +258 21 497 251
Email: theinvestor@clubofmozambique.com
Website: www.clubofmozambique.com
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