11-03-2025
Karooooo Plans Goodwill Impairment Amid Mozambique Upheaval
Nasdaq-listed Karooooo Ltd., which provides vehicle-tracking and fleet-management services, will provide for an impairment of goodwill in its Mozambique operations due to the political upheaval gripping the southeast African nation.
Mozambique has endured months of tension following disputed Oct. 9 elections and the Decide Platform, a local group tracking the violence, says more than 350 people have died. While demonstrations against President Daniel Chapo, who was declared the winner of the vote, have dissipated over recent weeks, sporadic unrest continues.
