Violence and a Jailbreak Result in 248 Deaths in Mozambique

At least 248 people have died amid the escalating post-election turmoil in Mozambique, which has compelled a natural gas producer to curtail shipments to South Africa and forced a supplier to Tesla Inc to halt operations.

This week’s increase in fatalities came after a court endorsed the ruling party’s victory in the disputed elections held in October. Furthermore, over 1,500 inmates broke free from a high-security prison close to Maputo, the capital, on Wednesday, leading to 33 deaths as reported by police. By evening, authorities indicated that about 150 of the escapees had been recaptured.

ADVERTISEMENT

CONTINUE READING BELOW

Read: Closure of Tesla supplier indicates escalating fallout from unrest in Mozambique

Protests erupted throughout the resource-abundant nation after opposition leader Venâncio Mondlane condemned the election results as fraudulent and called for peaceful demonstrations. However, riots broke out, leading to widespread looting and arson in Maputo and the neighboring city of Matola.

The unrest has prompted Sasol Limited of South Africa to reduce production at its Mozambique operations. Earlier this month, Tesla supplier Syrah Resources declared force majeure at its graphite mining locations.

According to Gustavo Placido, an analyst at Horizon Engage in Lisbon, such protests are expected to continue, targeting crucial roads and mining activities.

Nonetheless, he predicts that the ruling Mozambique Liberation Front will maintain its grip on power as its leaders manage the opposition’s claims regarding the 9 October elections.

“This is a challenging negotiation. No one is willing to make compromises,” remarked Placido. “The country is in turmoil, and investors are anxious.”

Sasol, which extracts natural gas and transports it to South Africa for gasoline production, announced a reduction in output “to ensure the safety of our personnel and assets,” as stated in a Wednesday announcement.

The company has informed its other gas customers that it is unable to provide complete supply.

ADVERTISEMENT:

CONTINUE READING BELOW

Read:
Mozambique’s main port suspends cargo operations amidst election chaos
Sasol’s gas supply challenges and volatile oil market increase sustainability risks
Grindrod to purchase remaining stake in Mozambican terminal for R1.4bn

South32, which operates the largest aluminum smelter in the region near the Maputo port, reported earlier this month that it had cut electricity supply to its production facilities “to protect raw materials and ensure operational stability.”

Syrah, which has been supplying battery materials to Tesla for testing ahead of anticipated commercial sales next year, declared force majeure at its Balama operation.

At least 121 people perished this week due to the unrest, bringing the total death toll since the protests began on 21 October to 248, according to the Decide Platform, a local monitoring group.

“The skies are thick with smoke from burning tires, and both public and private properties are being damaged,” stated the Center for Democracy and Human Rights in Maputo in a statement on Wednesday. “The ground is stained with blood. The state’s presence is lacking.”

© 2024 Bloomberg

Stay informed with Moneyweb’s extensive finance and business news on WhatsApp here.

  • Related Posts

    Western Impact on Legal Systems: A New Facet of Sudan’s Deadly Conflict

    Khartoum – In the chaotic environment of Sudan, factors such as an individual’s skin color and their place of origin can lead to detentions by the Sudanese Armed Forces (SAF)…

    Continue reading
    Michael Saylor’s Strategy Boosts Holdings by Acquiring 6,911 Bitcoin, Bringing Total to Over 506,000 BTC

    Strategy has bolstered its Bitcoin reserves with a $584 million purchase, bringing its total treasury to over 506,000 BTC. The publicly traded business analytics firm Strategy (formerly MicroStrategy) has acquired…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Western Impact on Legal Systems: A New Facet of Sudan’s Deadly Conflict

    Western Impact on Legal Systems: A New Facet of Sudan’s Deadly Conflict

    Michael Saylor’s Strategy Boosts Holdings by Acquiring 6,911 Bitcoin, Bringing Total to Over 506,000 BTC

    Michael Saylor’s Strategy Boosts Holdings by Acquiring 6,911 Bitcoin, Bringing Total to Over 506,000 BTC

    Bafana’s Training Interrupted Before World Cup Qualifier Against Benin

    Bafana’s Training Interrupted Before World Cup Qualifier Against Benin

    Americans are Embracing Off-Grid Living

    Americans are Embracing Off-Grid Living

    Stallion Reinvents Its Leadership in Comprehensive Services

    Stallion Reinvents Its Leadership in Comprehensive Services

    CZ Tests On-Chain Perpetuals by Longing MUBARAK on APX Finance to Address MEV Issues

    CZ Tests On-Chain Perpetuals by Longing MUBARAK on APX Finance to Address MEV Issues