MOZAMBIQUE

ArcelorMittal

ArcelorMittal South Africa H1 dives, sees tough Q3

Higher input costs and a strong rand led to a 63 percent drop in ArcelorMittal South Africa's first-half profit and the steelmaker forecast a difficult third quarter on Wednesday, sending its shares to a 28-month low.
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Jobs become focus of new World Bank Africa plan

A new World Bank strategy for Africa unveiled on Wednesday focuses on creating jobs and making economies more competitive, while also tackling problems of climate change, disease, food shortages and conflict.
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Anadarko makes 4th offshore gas find in Mozambique

U.S. oil and gas firm Anadarko Petroleum Corp said on Monday it had made its fourth natural gas discovery in the Rovuma Basin, the latest in a string of major deepwater natural gas discoveries off the coast of Mozambique.
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Mozambique to expand capital's port

Mozambique's Ports Development Company (MPDC) said on Tuesday it would increase the handling capacity of its Maputo port to 12 million tonnes this year from 8.7 million in 2010 to take more coal from South Africa.
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South Africa floods kill more than 100

Flooding in South Africa has killed more than 100 people over the last month, saturating farms in the major food producer for the continent and leading the government to declare 33 municipalities disaster areas.

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