Mozambique

• Gained freedom from Portugal-1974

• Civil War between Frelimo and Renamo
• Two sides signed peace treaty in 1992
• Government made efforts to improve the
economic conditions and uplift the GDP
• Even after much efforts the country remained
poor.
 The Mozal Project
• Aluminium smelter
• Smelting technology from France
• Skilled labour from South Africa
• Unskilled labour from Mozambique
• Raw material from current supplier from
Hillside
 GENCOR

• Parent company of Alusaf

• 4th largest aluminium producer
• Acquired Billiton from Royal Dutch Shell-1994
• Built $1.8 Billion Hillside Smelter in Richards
Bay, South Africa
 ALUSAF
• Aluminium subsidiary of Gencor
• Build Aluminium smelter in Mozambique
using hydroelectricity

IDC
• $3.6 Billion govt owned bank in SA
 EKSOM
• South African Power generation company
Generated- 95% of SA’s power and
50% of continents
• Saw opportunity in generating hydroelectricity
from river Zambezi
 IFC
• Founded in 1956, 184 member countries
• Member of the World Bank Group
• Invested in private sector with the aim to
reduce poverty.
• Provided long term multilateral source of debt
and equity
• Provided lower financial rate of return for the
same risk