• Contact
Thursday, January 15, 2026
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Nigerian fighter jets

    Nigeria dispatches jets, troops to quash Benin coup bid

    nigeria

    Nigeria in talks with China for $2bn loan for super grid

    REFINARIA de cabinda distição, Marcelo Hofke, CEO da Gemcorp Angola

    Newly Inaugurated Cabinda Refinery Awarded Downstream Operator of the Year in Luanda

    Trending Tags

  • Business
    Paul van Zuydam

    Africa’s richest country gets a new dollar billionaire, Paul van Zuydam

    gold

    Gold, platinum and silver smash records again

    sonangol

    Study Warns of Structural Decline at Sonangol and Proposes Partial Privatization and Depoliticization

    Dangote Refinery

    Dangote storms back into the $30 billion club after momentarily falling below the mark

    De Beers

    Angola Makes Formal Bid to Buy 85% of De Beers, Challenging Botswana’s Dominance in the Diamond Sector

    3.ª Cimeira sobre Financiamento de Desenvolvimento das Infra estruturas em África

    Infrastructure Development Summit Raises 18 Billion Dollars in Projects

    dhl

    DHL plans to invest €300m to expand logistics in Africa

    kenya airways

    Kenya Airways takes off on locally made jet biofuel in bid to attract green investment

    vodacom

    Africa’s second-largest telecom operator to invest $29 million in 5G expansion in South Africa

  • Finance
    Standard Bank

    South Africa banks curb lending over climate-related default risks, study finds

    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Nigerian fighter jets

    Nigeria dispatches jets, troops to quash Benin coup bid

    nigeria

    Nigeria in talks with China for $2bn loan for super grid

    REFINARIA de cabinda distição, Marcelo Hofke, CEO da Gemcorp Angola

    Newly Inaugurated Cabinda Refinery Awarded Downstream Operator of the Year in Luanda

    Trending Tags

  • Business
    Paul van Zuydam

    Africa’s richest country gets a new dollar billionaire, Paul van Zuydam

    gold

    Gold, platinum and silver smash records again

    sonangol

    Study Warns of Structural Decline at Sonangol and Proposes Partial Privatization and Depoliticization

    Dangote Refinery

    Dangote storms back into the $30 billion club after momentarily falling below the mark

    De Beers

    Angola Makes Formal Bid to Buy 85% of De Beers, Challenging Botswana’s Dominance in the Diamond Sector

    3.ª Cimeira sobre Financiamento de Desenvolvimento das Infra estruturas em África

    Infrastructure Development Summit Raises 18 Billion Dollars in Projects

    dhl

    DHL plans to invest €300m to expand logistics in Africa

    kenya airways

    Kenya Airways takes off on locally made jet biofuel in bid to attract green investment

    vodacom

    Africa’s second-largest telecom operator to invest $29 million in 5G expansion in South Africa

  • Finance
    Standard Bank

    South Africa banks curb lending over climate-related default risks, study finds

    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Economy

Mozambique’s ruling party wins vote tainted by fraud claims

TAB by TAB
25/10/2024
in Economy
0
Daniel Chapo
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

Daniel Chapo got 70.67% of the vote, while his party won 195 of the 250 seats in parliament, the electoral commission said.

Mozambique’s ruling-party candidate was declared the runaway winner of presidential elections as tensions over fraud claims put the southeast African nation on edge and sent its bonds plunging.

Related posts

Nigerian fighter jets

Nigeria dispatches jets, troops to quash Benin coup bid

08/12/2025
4
nigeria

Nigeria in talks with China for $2bn loan for super grid

08/10/2025
8

Daniel Chapo got 70.67% of the vote, while his party won 195 of the 250 seats in parliament, the electoral commission said Thursday. Venâncio Mondlane, a charismatic independent candidate who has rejected the process and outcome as rigged and called for a two-day national shutdown, finished second with 20.32%.

The results were announced by Carlos Matsinhe, president of the National Electoral Commission, in Maputo, the capital, where protests erupted and continued into the night.

The ruling Mozambican Liberation Front picked Chapo, 47, who studied law and is the former governor of the central Inhambane province but has never served in the national government, as its surprise candidate in May.

His victory signals political continuity for Mozambique as TotalEnergies SE prepares to resume a $20 billion liquefied natural gas project that insurgent attacks forced it to halt in early 2021, although allegations of vote tampering and Mondlane’s rejection of the results raise the risk of civil unrest.

The tallies announced by the electoral commission were “totally absurd” and Chapo’s party won’t be able to govern, Mondlane said in a livestream on his Facebook account late Thursday. “We absolutely reject the results presented.”

Maputo-based broadcaster TV Sucesso showed scenes of burning tires and said the main routes into the city were blocked. It also reported there had been an unspecified number of deaths.

Tensions surged after unidentified gunmen killed the opposition leader’s legal adviser and another of its officials at the weekend. On Wednesday, Mondlane revealed that he’d left his home after receiving intelligence that he was an assassination target and was at an undisclosed location in Maputo. He didn’t provide evidence.

Earlier this week, the opposition leader said there was a “revolutionary atmosphere” in Mozambique and urged supporters to demonstrate peacefully in the streets. The police warned citizens against in participating in illegal protests.

Mozambique’s $900 million of bonds due 2031 slumped the most in more than two years. They fell as much as 2.7% to 83.62 cents on the dollar, making them the worst performers in emerging markets Thursday.

“Election unrest in Mozambique can only mean one thing for the country’s planned gas-energy infrastructure, namely delays,” said Florence Schmit, a European energy strategist at Rabobank. “The restarting of TotalEnergies Mozambique LNG project hinges on a smooth presidential transition.”

European Union observers and others who monitored the vote have flagged irregularities, including indications of ballot-box stuffing and the “unjustified alteration” of results. They complained that staff were blocked from observing the tallying in some areas, as well as at national level.

A national group of Catholic bishops said there was “grand fraud” and that the lowest voter turnout in Mozambique’s history indicated people had lost faith in the electoral process. The electoral commission has said aggrieved parties should approach the courts and present evidence of irregularities.

The southeast African nation, where the median age is about 17, is one of the world’s least-developed. Almost three-quarters of its 35 million people live on less than $2.15 per day, according to the World Bank. One in three young people aren’t working or studying, government data shows.

Source: Bloomberg
Previous Post

Livup lifestyle launches Dubai’s first business members club

Next Post

De Beers Identifies Eight New Potential Diamond Production Areas in Angola

Next Post
diamond

De Beers Identifies Eight New Potential Diamond Production Areas in Angola

RECOMMENDED NEWS

Al Gore’s firm buys £483m stake in Octopus Energy Group

Al Gore’s firm buys £483m stake in Octopus Energy Group

4 years ago
3
Mental health screening at school can reduce chaos

Mental health screening at school can reduce chaos

4 years ago
8
President Recep Tayyip Erdoğan (L) and President of Angola, Joao Manuel Goncalves Lourenco (R), hold a joint press conference after their meeting at the presidential palace in Luanda, Angola, Oct. 18, 2021

Angola sought Turkish drones, new talks include armored carriers

4 years ago
5
She only has 75% of her brain after surgeries to remove tumours. But, Amy Martin now has a PHD

She only has 75% of her brain after surgeries to remove tumours. But, Amy Martin now has a PHD

4 years ago
9

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • Africa’s richest country gets a new dollar billionaire, Paul van Zuydam
  • Gold, platinum and silver smash records again
  • Study Warns of Structural Decline at Sonangol and Proposes Partial Privatization and Depoliticization

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business