12 °c
London
Monday, June 27, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Government of Mozambique seeks partner for LAM airline

FurtherAfrica by FurtherAfrica
August 23, 2017
in Africa, Economy, Finance, Government, M&A, Mozambique, Tourism, Trade, Transport, Travel
Reading Time: 1 min read
1.3k 13
0
Mozambique is still looking for partners for Nacala Airport
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The Mozambican government is looking for a strategic partner that will make it possible to recover the Linhas Aéreas de Moçambique (LAM) airline, said the chief executive of state stakeholding company Igepe, Raimundo Matule, cited by Mozambican daily newspaper Notícias.

The CEO added that no decision has yet been made, “and the government continues to discuss ways to recover the company with various partners,” but added that while looking for a partner, ways to restructure LAM are being sought, namely by analysing its cost structure to determine where spending can be cut and where funds can be raised to keep it running.

The chair of Igepe, Ana Isabel Senda, said that the restructuring of the State Business Sector (SEE) “is work that we have been undertaking since 2016 and includes the analysis of each of the companies, as well as ways to carry out the financial restructuring of the production units.”

“Our main objective,” she said, “is to make companies profitable in order to improve their contribution to state revenue, which is expected to reach 5 billion meticais (about US$80 million) within five years.”

Senda added that in 2016 and part of 2017, the SEE contributed 1.2 billion meticais, so that “within five years we can reach the sum sought, but it is necessary for this to happen to consolidate the control mechanisms of the companies.”

Source: Macauhub

Related

Tags: airlineAna Isabel SendaLAMLinhas aéreas de MoçambiqueMozambiqueMozambique AirlinesSEEState Business Sectorモザンビーク莫桑比克
ScanSendShare519Tweet324Share91Pin117Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Venture Capital

Nigeria edtech startup Kibo Schoo raises US$2M

by TechGist Africa
June 27, 2022
Agriculture

Global Center on Adaptation to help Ethiopia small farmers adapt to climate and food security

by Farmers Review Africa
June 27, 2022
Angola TAAG to open Luanda-Madrid route
Travel

Angola TAAG to open Luanda-Madrid route

by FurtherAfrica
June 26, 2022
Economy

Zimbabwe plans triple-digit interest rate hike to tame inflation

by FurtherAfrica
June 26, 2022
Economy

World Bank forecast Mozambique average growth at 5.7% in 2022-2024

by FurtherAfrica
June 26, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Venture Capital

Nigeria edtech startup Kibo Schoo raises US$2M

by TechGist Africa
June 27, 2022
0

Nigerian edtech startup Kibo School has raised a $2 million seed round led by Neo, a VC firm founded by...

Read more

Global Center on Adaptation to help Ethiopia small farmers adapt to climate and food security

June 27, 2022
Angola TAAG to open Luanda-Madrid route

Angola TAAG to open Luanda-Madrid route

June 26, 2022

Zimbabwe plans triple-digit interest rate hike to tame inflation

June 26, 2022

World Bank forecast Mozambique average growth at 5.7% in 2022-2024

June 26, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?