• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    Kenya Sets up Online Platform for Women Traders
    Access Bank Zambia decided to coalesce with African Banking Corporation
    Economic and Monetary Community of Central Africa (CEMAC) agreed on to quit in using the Franc CFA (FCFA)
    $12 Billion Environment Financing Center – The Green Climate Fund permitted to earn African Equity Financial Investment to overcome the Impact of a Warming World
    President Samia Suluhu Hassan of Tanzania Inaugurated an Agriculture Program hoped at Committing the Youth to Large-Scale Agribusiness
    New Era for Equatorial Guinea and Cameroon, Signing  Bilateral Agreement through Cross-Border Cooperation
    South Africa and Stellantis has Greeted a Pact to Develop a Unique Automobile Manufacturing Facility
    Dr. Akinwumi Adesina AfDB’s President maintains it is time to Develop Youth-Based Wealth to Bolster a Better Comprehensive Nigerian Economy
    Abidjan to host on March 17th 2023 the 8th Session of the Steering Committee for the Construction Project of a Motorway between Abidjan and Lagos
    Rwanda’s President Paul Kagame and the President of the World Football Association(FIFA) launched the Kigali Pelé Stadium which is changing the name from Kigali Regional Stadium In Nyamirambo the Capital of Kigali

    President Filipe Nyusi Visits Graphite Logistics Complex- Mozambique

    Posted On 29 Jun 2019
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Suagibu –

    President Filipe Nyusi of Mozambique
    Photo Credit: Wikipedia

    NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- Mozambican President Filipe Nyusi announced on Friday that, the Nacala Special Economic Zone in the northern province of Nampula is now bearing its first fruits.

    He was speaking of a logistics complex for graphite that is owned by the South African company Grindrod, which won the logistics contract issued by the Australian company Syrah Resources, which is exploiting graphite in Balama district in the neighbouring province of Cabo Delgado.

    The establishment of this logistics complex, according to Nyusi, “means the consolidation of the Special Economic Zone”. The zone was generating jobs and income for Nacala.

    He noted that “of the over 200 workers directly hired in this unit, 98% are young people recruited here in Nacala”

    The Nacala complex was important in the graphite supply and export chain. “We began this march in Balama when we inaugurated the graphite factory”, Nyusi said. “Today we are continuing here, on the logistics side. We must also express our appreciation to Grindrod, which is contributing to making our vision a reality”.

    Nacala port, the President continued, was key for exporting Mozambican natural resources, and thus contributing to the country’s balance of trade. The port was now moving more cargo than projected at the start of the year. Its target for the first quarter of 219 had been to handle 452,000 tonnes – but it had exceeded this target by more than 13%.

    More ships than forecast had called at Nacala, and this was largely because of the graphite exports through the Grindrod complex.

    About 20,000 tonnes of graphite are now moving every month from Balama to Nacala, resulting in the export of about 1,000 containers of graphite a month. This is equivalent to more than 45 per cent of the containerised exports from the port.

    When the logistics complex is operating at full capacity, it could handle 30,000 tonnes of graphite a month and export 1,500 containers.

    More graphite factories will be installed in Montepuez and Lalaua districts (in Cabo Delgado and Nampula respectively).

    Nyusi said, a challenge for Mozambicans is processing graphite locally, adding value and replacing the export of raw materials with the export of finished goods. The time has come, he added, for investors “to consider transforming raw materials into the final product right here in Mozambique”.

    For New Africa Business News Abdul Rahman Suagibu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    ADVERTISING OPPORTUNITY
    NEW AFRICA BUSINESS NEWS IS GOING TO START ADVERTISING FOR COMPANIES, GOVERNMENTS, NGO’s AND FOUNDATIONS IN A FEW MONTHS TIME. YOU CAN ADVERTISE AS LOW AS $11,000.00 PER MONTH PRICE LOCKED FOR UP TO 60 MONTHS. TAKE ADVANTAGE OF THIS GLOBAL, UNLIMITED, OPPORTUNITY WITH AFRICA’S FASTEST GROWING GLOBAL NEWSPAPER. FOR INFORMATION CONTACT US INFO@NEWAFRICABUSINESSNEWS.COM

     

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    ECOWAS to Commence Cross-Border Sale of Electricity to its Member States in 2020

    Next Story

    Let Implement Open Skies Policy, to African Leaders

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    Kenya Sets up Online Platform for Women Traders

    Posted On 28 Mar 2023

    Access Bank Zambia decided to coalesce with African Banking Corporation

    Posted On 27 Mar 2023

    Economic and Monetary Community of Central Africa (CEMAC) agreed on to quit in using the Franc CFA (FCFA)

    Posted On 25 Mar 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    Kenya Sets up Online Platform for Women Traders

    Access Bank Zambia decided to coalesce with African Banking Corporation

    Economic and Monetary Community of Central Africa (CEMAC) agreed on to quit in using the Franc CFA (FCFA)

    Recent Posts

    • Kenya Sets up Online Platform for Women Traders
    • Access Bank Zambia decided to coalesce with African Banking Corporation
    • Economic and Monetary Community of Central Africa (CEMAC) agreed on to quit in using the Franc CFA (FCFA)
    • $12 Billion Environment Financing Center – The Green Climate Fund permitted to earn African Equity Financial Investment to overcome the Impact of a Warming World
    • President Samia Suluhu Hassan of Tanzania Inaugurated an Agriculture Program hoped at Committing the Youth to Large-Scale Agribusiness

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.