Latest news with #Chapo
The Star
15-05-2025
- Business
- The Star
Mozambique launches agricultural marketing campaign for food security, self-reliance
MAPUTO, May 15 (Xinhua) -- Mozambican President Daniel Chapo launched the 2025 Agricultural Marketing Campaign on Thursday in Sussundenga District of Manica Province, aiming to boost food security and the country's economic independence. "Mozambique is laying the foundation for its economic independence, where economic diversification is key to reducing our dependence on volatile markets," Chapo said at the launch ceremony. The campaign targets a production increase of over one million tons and a five percent rise in agricultural commercialization, under the slogan "Agricultural Marketing as a Driver of Local Economy and Industrialization." The government has approved an Economic Recovery Fund worth over 319 million Mozambican meticais (around 5 million U.S. dollars) to assist small and medium-sized enterprises. It is also developing a new commercial regulation and an integrated marketing plan to address value chain bottlenecks. Despite challenges including cyclones and a 4.9 percent drop in GDP, Chapo praised farmers for their resilience. "If not for the resilience of the Mozambican people, the 4.9 percent negative growth in our GDP would have been even worse," he said. The president also urged youth to engage in the sector. "Use digital platforms, form cooperatives, and bring forward value-added proposals," he added.
Yahoo
25-03-2025
- Business
- Yahoo
Mozambique Opposition Head Says He And President Agree to Peace
(Bloomberg) -- Mozambique's most prominent opposition leader, who's orchestrated months of demonstrations that have battered the country's economy, said he agreed with the president to end post-election violence that's left hundreds of people dead. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs Libraries Warn They Could Be 'Cut off at the Knees' by DOGE Venâncio Mondlane, who officially came second to the ruling party's Daniel Chapo in October's presidential election, said the two reached a deal-in-principle at a meeting in Maputo, the capital, on Sunday. 'We agreed to end violence immediately — violence against my supporters, violence inflicted upon police officers, members of the ruling party Frelimo, or any other individuals who do not share our ideas,' Mondlane said of the meeting in a livestream late Monday. 'We agreed 100% on that.' The informal truce marks the most important step in restoring social and political stability in the gas-rich southeast African nation, after months of unprecedented protests against the election that extended the ruling party's five-decade rule. The unrest has unsettled investors and squeezed the government's already tight finances, as the economy shrank in the final quarter of 2024. While Chapo met other party leaders earlier this month and reached an initial agreement with them over a path to peace, Mondlane's exclusion from those discussions raised doubts over its impact. He's by far the most popular opposition figure, and the driving force behind the protests. 'The significance of Mr. Chapo's meeting with Mr. Mondlane cannot be overstated,' Louw Nel, an analyst at Oxford Economics, said in a note to clients Monday. 'Images of a smiling Mr. Mondlane shaking a smiling Mr. Chapo's hand on Sunday were particularly striking.' Google Is Searching for an Answer to ChatGPT The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers Tesla's Gamble on MAGA Customers Won't Work ©2025 Bloomberg L.P.
Yahoo
24-03-2025
- Business
- Yahoo
Mozambique President Meets Opposition Leader Mondlane for First Time
(Bloomberg) -- Mozambican President Daniel Chapo met the nation's most prominent opposition leader for the first time since a disputed October election that sparked unprecedented unrest in the southeast African nation. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs New York Subway Ditches MetroCard After 32 Years for Tap-And-Go Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style Chapo and Venâncio Mondlane met Sunday night in the capital, Maputo, 'to discuss solutions to the challenges facing the country,' the presidency said in a statement posted to its website. S&P Global Ratings on Friday cut its assessment of the country's local-currency loans to 'selective default,' deeming a debt swap earlier this month to be distressed. 'The president of the republic's gesture of dialogue with Venâncio Mondlane symbolizes the will to build bridges and promote an open and constructive dialogue,' the presidency said. 'The willingness to discuss common solutions also represents a significant step forward in the search for a peaceful, united Mozambique committed to collective progress.' The meeting is a significant step in Chapo's efforts to restore stability in the gas-rich nation. Mondlane orchestrated nationwide demonstrations after claiming Chapo's party stole the election that extended its five-decade rule. At least 361 people died in the demonstrations, most killed by police bullets, according to Decide Platform, a local rights group tracking the violence. The economic fallout from the unrest worsened Mozambique's already tight finances. 'Mozambique's fiscal position remains weak as spending pressures continue to mount,' said S&P analysts including Giulia Filocca. 'A contentious socioeconomic backdrop will weigh on the government's efforts to consolidate its fiscal position.' A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers Tesla's Gamble on MAGA Customers Won't Work One Man's Crypto Windfall Is Funding a $1 Billion Space Station Dream The Real Reason Trump Is Pushing 'Buy American' ©2025 Bloomberg L.P.
NBC News
06-03-2025
- Politics
- NBC News
Mozambique police fire on protestors with opposition leader's location unknown
Mozambican police fired on supporters of opposition leader Venancio Mondlane marching in the capital Maputo on Wednesday, injuring at least 10 people, Mondlane's team and a human rights researcher said. A police spokesperson confirmed that law enforcement had dispersed marchers but declined to elaborate. Mondlane's supporters had gathered hours before President Daniel Chapo signed an agreement with some political parties aimed at ending months of protests over Chapo's disputed election victory last year. Mondlane came second in the presidential vote but has been excluded from the talks leading up to the agreement, which is meant to include a review of the country's electoral laws. Analysts say Mondlane's exclusion means the agreement will likely do little to stabilise the resource-rich Southern African country. Mondlane's team said in a statement posted on Facebook that his whereabouts were not known after police broke up the march. It said 16 people had been injured. Mondlane did not answer a phone call from Reuters. In a separate video broadcast live from Mondlane's Facebook page, the opposition leader was seen standing in a car moving down a street surrounded by a crowd of people cheering and singing. The sound of gunshots rang out, after which people started running and the video abruptly cut off. Zenaida Machado, a senior researcher at Human Rights Watch, said the organisation had confirmed at least 10 people had been injured by police on Wednesday. She added that firing on a peaceful opposition gathering jeopardized efforts to bring stability to Mozambique. Political analyst Joao Feijo said the government's talks with other political parties were little more than theatre without Mondlane's involvement. 'The longer it takes to include Venancio, the worse the chances of stabilising the situation,' he said. Local civil society monitoring group Plataforma Decide says more than 350 people have been killed in the post-election demonstrations that started in late October. Mondlane told supporters on Wednesday that he would continue with his anti-government protests, for years if necessary. He says Chapo and his Frelimo party won the October election through vote-rigging, while Western observers say it was not free and fair.
Reuters
05-03-2025
- Politics
- Reuters
Mozambique police fire on opposition march, leader's location unknown
MAPUTO, March 5 (Reuters) - Mozambican police fired on supporters of opposition leader Venancio Mondlane marching in the capital Maputo on Wednesday, injuring at least 10 people, Mondlane's team and a human rights researcher said. A police spokesperson confirmed that law enforcement had dispersed marchers but declined to elaborate. Mondlane's supporters had gathered hours before President Daniel Chapo signed an agreement with some political parties aimed at ending months of protests over Chapo's disputed election victory last year. Mondlane came second in the presidential vote but has been excluded from the talks leading up to the agreement, which is meant to include a review of the country's electoral laws. Analysts say Mondlane's exclusion means the agreement will likely do little to stabilise the resource-rich Southern African country. Mondlane's team said in a statement posted on Facebook that his whereabouts were not known after police broke up the march. It said 16 people had been injured. Mondlane did not answer a phone call from Reuters. In a separate video broadcast live from Mondlane's Facebook page, the opposition leader was seen standing in a car moving down a street surrounded by a crowd of people cheering and singing. The sound of gunshots rang out, after which people started running and the video abruptly cut off. Zenaida Machado, a senior researcher at Human Rights Watch, said the organisation had confirmed at least 10 people had been injured by police on Wednesday. She added that firing on a peaceful opposition gathering jeopardized efforts to bring stability to Mozambique. Political analyst Joao Feijo said the government's talks with other political parties were little more than theatre without Mondlane's involvement. "The longer it takes to include Venancio, the worse the chances of stabilising the situation," he said. Local civil society monitoring group Plataforma Decide says more than 350 people have been killed in the post-election demonstrations that started in late October. Mondlane told supporters on Wednesday that he would continue with his anti-government protests, for years if necessary. He says Chapo and his Frelimo party won the October election through vote-rigging, while Western observers say it was not free and fair. Frelimo has ruled Mozambique since the end of Portuguese colonial rule in 1975 and denies accusations of electoral fraud.
