Mozambican tycoon Salimo Abdula backs Islamic finance as a new funding route for business
Salimo Abdula told a Maputo audience on Sept. 24 that Islamic finance would widen the funding options available to Mozambican companies.
Mozambique
Billionaire Mohammed Dewji puts nearly $680 million behind African expansion
Tanzanian billionaire Mohammed Dewji is putting nearly $680 million behind an aggressive African expansion as he works to build MeTL Group into a $10 billion business by 2035.
Angolan billionaire Agostinho Kapaia's Opaia Group eyes expansion into Mozambique and DR Congo
Angolan billionaire Agostinho Kapaia's Opaia Group plans to expand its industrial activities into Mozambique and the Democratic Republic of Congo, two new markets.
Salimo Abdula to support 15,000 youth in Mozambique
Salimo Abdula Foundation partners with FieldReady to train 15,000 Mozambican youth in entrepreneurship and business development.
Mozambique, Aiteo launch 240,000 bpd refinery to position nation as regional energy hub
Aiteo signs EPC deal to build 240,000 bpd Mozambique refinery, boosting energy security and cutting fuel imports in Southern Africa.
Zak Calisto’s Karooooo faces major write-down after political unrest in Mozambique
It expects minimal impact on earnings and cash flow, as Mozambique contributes a small share of profits across 25 countries.
Billionaire Benedict Peters secures stake in Mozambique’s largest onshore gas block
Aiteo, Africa’s leading oil independent, which is owned by Peters, is now operator of the prolific Mazenga gas block in Mozambique.