AGP Executive Report
Last update: 7 hours agoFood Manufacturing: Merec Industries is building a pasta factory in Nacala, its first in northern Mozambique. Alongside an expansion in Machava, the plant is expected to lift production beyond domestic demand, create jobs and support exports; no cost or completion date was disclosed. Freight Costs: CMA CGM has set surcharges of $400 per TEU on specified China–East Africa and Mozambique routes. Rates depend on origin, destination, cargo and loading date. Gas Development: Development drilling has begun for Eni-led Coral North offshore Mozambique. The 10-month campaign is intended to supply the planned FLNG project. Regional Trade: Mozambique and Zimbabwe aim to deepen cooperation in transport, logistics and energy, with the Beira Corridor and a pipeline under construction highlighted as priorities. Financial Services: Hollard Moçambique has merged three businesses into one company, aiming to expand insurance access in a market where fewer than 2% of people are insured.
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