Company in Mozambique

  • Africa: Expanded Engagement for Caterpillar - Boosting Sales & Alleviating Poverty

    BOTSWANA, 2017/07/16 A strong signal of growing business engagement with Africa by large U.S. corporations was the announcement last September by Caterpillar CEO Doug Oberhelman of plans to invest over $1 billion in Africa over the next five years. Caterpillar is not a new-comer, having begun doing business on the continent in 1926. At last month's U.S.-Africa Business Summit in Washington, DC, David Picard, Caterpillar's regional manager for Africa and the Middle East, described some of the steps that have been taken since last year's announcement. He as well talked about the challenges and opportunities he sees, inclunding Nigeria, where the company has operated since 1948. He was interviewed by AllAfrica's Noluthando Crockett-Ntonga and Ladi Olorunyomi from Premium Times in Nigeria. The interview has been edited for clarity and length.
  • Anadarko Petroleum secures sales of natural gas to exploit in Mozambique

    MOZAMBIQUE, 2015/08/28 The Anadarko Petroleum oil group has obtained 90 % of the supply agreements needed to guarantee financing of its natural gas project in Mozambique, said the director of the subsidiary Anadarko Mozambique Area 1, Lda. John Peffer told Bloomberg financial agency that the group is presently waiting for Mozambican government consent to export the natural gas, a necessary condition so it can seek financing to build a plant to liquefy the extracted gas. “From presently on the timing for taking a final investment decision will be determined by the government’s pace agreeing the legal and contractual framework and approving necessary permits,” said Peffer, adding that the development plan should thus be submitted in upcoming months.
  • China National Grid Corp

    CHINA, 2014/05/10 China National Grid Corp will be the major financier of the Regional Development Project for Energy Transmission between the Centre and South (Cesul) in Mozambique, Mozambique’s energy minister, Salvador Namburete told Macauhub in Maputo. The Cesul project, which involves investment of around US$2 billion, kn own locally as the “backbone”, so far had no known financier, although several companies, such as South Africa’s Eskom, France’s EDF and Brazil’s Electrobras, had shown interest in being involved in its development.
  • Portuguese IT company Novabase opens subsidiary in Mozambique

    PORTUGAL, 2013/04/22 Novabase, a Portuguese data technologies company, began operating on Thursday in Mozambique, in partnership with the Mozambican entrepreneur Lucas Cachine, “with proven experience in this market”, the company announced in a statement. Novabase is initially focusing on infrastructures and communications. It aims to become the “technological partner of reference for the major banks and mobile operators, with significant participation in public projects” and to “expand the presence to the rest of the African market, exporting knowledge and technology from Mozambique”.