Mozambique plans to revamp national parks

(Reuters) - Mozambique plans to invest $54 million to revamp national parks and wildlife still struggling to recover more than a decade after the end of the African country's 17-year civil war, a senior official said on Friday.

National Tourism Director Albino Mahumana told Reuters the government-sponsored investment would start this year and run for five years, with a goal of boosting Mozambique's status as an African safari destination.


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Mozambique offers property to foreign lenders

(Reuters) - Mozambique hopes to use property to pay off about $350 million in foreign debt to Angola and a handful of eastern European nations, freeing up cash for economic development, its finance minister said on Thursday.

In an interview with Reuters, Finance Minister Manuel Chang said Angola had agreed to the idea in principle and that officials from the two former Portuguese colonies were negotiating the details of the property-for-debt swap.


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Power cuts hit Billiton African aluminium smelters

(Reuters) - Power cuts in recent days have hit three southern African aluminium smelters operated by BHP Billiton and more cuts are expected due to peak winter electricity demand, the mining group said on Thursday.

The firm, the world's biggest mining group, operates the Hillside and Bayside aluminium smelters in South Africa and Mozal in Mozambique.


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