Mozambique: Mozal aluminium foundry heads list of top 100 Mozambican companies - KPMG

Maputo, Mozambique, 12 Dec – The Mozal aluminium foundry once again topped the list of Mozambique’s 100 biggest firms, according to the 10th edition of the annual report of consulting company KPMG - Moçambique. This is the sixth consecutive year in which the foundry, which is majority-owned by Australia’s BHP Billiton, has been named the biggest in Mozambique. In second place was the Cahora Bassa Hydroelectric dam, which has been majority owned by the Mozambican state since the end of last year. Mozambican mobile telecommunications operator, Mcel, rose in the ranking from fourth to third place, whilst oil company Petromoc fell from third to fourth place. Power company, Electricidade de Moçambique, beer maker Cervejas de Moçambique and BP Moçambique, were ranked fifth, sixth and seventh, respectively. The Millennium Bim bank rose from ninth to eighth place, Motraco from 11th to ninth place, whilst Sasol Petroleum Temane fell from eigth to tenth place. Speaking before the presentation of the ranking of the “100 Top Companies,” the managing director of KPMG Moçambique, Filipe Mandlate, said that this initiative aimed to promote competition between companies and contribute to increasing transparency in managing businesses. This year KPMG introduced a new ranking of the five best companies over the last ten years, which was won by Global Alliance cgsm Seguros, followed by Cornelder and Toyota de Moçambique. (macauhub)