News
  News
        Home Page
        High Commission
        Government
        Information and Activities
        Consular Affairs
        Bilateral Relations
        Trade & Investment
        Tourism

  Government
      

  Investment
      







   News Archive News
news
    9 June, 2017
New chairperson for telecoms companies
 
Maputo, 9 Jun (AIM) – The shareholders of Mozambique’s two publicly owned telecommunications companies, TDM (which runs the network of fixed lines), and the mobile telephony company MCel, met on 8 June and elected Mohamed Rafique Jusob as chairperson of the board of directors of both companies.

The shareholders also confirmed the principle of merging the two companies into one, in line with government policy towards the telecommunications sector.

Rafique was Deputy Minister of Industry Trade and Tourism between 1994 and 2000. From 2000 to 2010 he was the general director of the government’s Investment Promotion Centre (CPI). In May, he concluded a three-year term of office as a member of the Board of Directors of the African Legal Support Facility, a specialist body of the African Development Bank (ADB).

The shareholders of the two companies are mostly the Mozambican state. TDM is owned 80 per cent by the state and 20 per cent by its own managers and workers.

It was TDM that set up MCel, as the country’s first mobile phone company, in November 1997, and it remains the major shareholder with 74 per cent of the shares. The remaining 26 per cent is held by IGEPE (Institute for the Management of State Holdings), representing the state.

Both companies are in serious financial difficulties. TDM has found it difficult to adapt to a situation where the demand for fixed phone lines has declined dramatically. MCel was the pioneer in mobile telephony in Mozambique, but has lost market share to two aggressive competitors with deep pockets – first, the South African company Vodacom, and later Movitel, in which the main shareholder is the Vietnamese telecommunications company, Viettel, in partnership with SPI, the holding company of Mozambique’s ruling Frelimo Party.

Rafique now has the difficult task of handling the merger of the two companies and restoring the publicly owned telecommunications sector to financial health.

The shareholders’ meeting appointed two other directors for the merged company, Mario Luis Albino and Binda Celestino Jocker.
(AIM)
 
 
  16 July, 2017  
 
President Nyusi inaugurates Kuvaninga power station
 
President Filipe Nyusi on 15 July inaugurated a gas fired power plant station in Macarretane in the southern province of Gaza.

 
  13 July, 2017  
 
Mozambican coal to be shipped to Australia
 
The Brazilian mining giant Vale is to export coking coal from its open cast mine in Moatize, in the western Mozambican province of Tete, to Port Kembla in Australia for the first time.

 
  12 July, 2017  
 
Germany to provide €15 million for electricity network
 
Mozambique and Germany on 12 July in Maputo signed an agreement under which €15 million will be made available for the second phase of a project to modernise the electricity network.

 


  Archives
News Archive
Picture Archive




 BCS