Mozambique economy

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Africa

Protests in Mozambique Lead to 1% Decline in Maputo Port Volumes

  Mozambique's largest port, Maputo, experienced a 1% drop in volumes for last year, attributed to post-election protests that led to border closures and road blockages, the port operator revealed says CNBCAfrica. The protests erupted after the contested October 9 election, which was won by Daniel Chapo and his Frelimo party, in power since 1975. The unrest has resulted in over 300 deaths amid a security forces crackdown.

today22 January, 2025

Africa

South32 Halts Forecast for Mozal Aluminium Amid Mozambique Unrest

Australian firm South32 has withdrawn its production forecast for the Mozal Aluminium smelter in Mozambique, citing escalating violence following disputed October election results according to CNBCAfrica. The unrest has led to road blockages, disrupting the delivery of raw materials to the plant, where South32 holds a 63.7% stake. Protests by opposition supporters have fueled the instability.

today11 December, 2024