28 May 2018
A private equity company, Frontier Services Group (FSG), founded and chaired by Erik Prince is to take a 50% stake in the venture. It seems likely that a high proportion of the fish caught will be exported to China, as Chinese state investment vehicle CITIC is now the biggest investor in FSG, with a 28.4% stake.
12 April 2018
Mozambique’s slow burning coal revolution has triggered a wave of rail and port projects across the northern half of the country. The presence of coal reserves in Tete Province had long been known but the lack of transport capacity prevented mining in the area until relatively recently.