Moroccan construction industry leader plants its flag in Maputo
The large Moroccan group Somagec has just settled down in Maputo. Owned by the Sahyoun family – which built its empire in Morocco through port construction, public buildings, real estate and import-export – Somagec recently founded the firm Somagec Moçambique in Maputo in partnership with the Mozambican company Fidelis Construções.
The latter was founded in July 2015 by Abdul Karim Ahmad, a Briton resident in Beirut; and Hussein Ali Ahmad, a Mozambican born in Sierra Leone.
The creation of this new Somagec subsidiary was supervised by JeanCharles Hayoz, a Swiss national born in Casablanca, who is the administrative and financial director of Somagec’s branch in Malabo (Equatorial Guinea), Somagec GE.
Source: Africa Intelligence
Belarus to participate in construction of poultry farm in Mozambique
Belarus will participate in the construction of a poultry farm, a vegetable storehouse and greenhouses in Mozambique, Alexei Bogdanov, the head of the main division for foreign economic affairs at the Agriculture and Food Ministry, told reporters after the opening ceremony of the international food industry expo and fair Prodexpo 2016 in Minsk on 8 November.
“We work continuously with the distant arc countries. A delegation of the Agriculture and Food Ministry recently visited two African countries, Mozambique and South Africa. We are currently in talks over possible supplies of dried milk products, frozen poultry meat and beef.
In addition, we are considering projects to establish joint ventures. For instance, we are in talks over joint projects to build a poultry farm, a vegetable storehouse, and greenhouses for growing vegetables”, Bogdanov said. He noted that plans have been made to use Belarusian technologies in the construction of the facilities in Mozambique.
“It is possible that we will invest in the project, but the bulk of money will be provided by Mozambique and South Africa. This is a promising project”, he stressed.
Source: Belarus News
A prince, a countess… and maybe a river of diamonds?
Founded at the end of September in the city of Pemba (Cabo Delgado Province), the mining explorer Minas do Lurio was born with a silver spoon in its mouth. Indeed, the firm is co-owned by Winston Theler (son of German princess Loretta von Sayn-Wittgenstein-Hohenstein and of the Spanish hotel tycoon Juan Ramon Theler), and also by a countess from Rhineland, Benedicta von SchallRiaucour.
The province of Cabo Delgado, where Minas do Lurio was incorporated, houses resources of graphite, diamonds and precious gems like rubies – which Mustang Resources is currently extracting.
Following their marriage in 2008 Theler and the countess invested heavily in businesses in Mozambique, and now in the mining sector. In July, Theler inaugurated his first company, Megama Mining, which will explore for diamonds. He also runs the local subsidiary of the United Arab Emirates services concern Petronor Group which is developing a base camp and logistics centre at Pemba, Pemba Energy City. Along with his wife he founded an eco-lodge named iSleep Pemba in 2013.
Source: Africa Intelligence
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