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Despite the stoppage and the occurrence of demonstrations in various parts of the country, Vuma said that there were no indications of “major damage” to production units, pointing out that some companies chose to remain closed that day.
The Confederation of Economic Associations (CTA) of Mozambique said that the stoppage of economic activities in the country as a result of protests against the recently held elections resulted in a loss of €203 million. The organization of the businesses in the country also said that apart from the direct losses, the country would have suffered huge indirect production bottlenecks.
At a press conference in Maputo on the impacts of the stoppage of activities on October 21 and the marches called by presidential candidate Venâncio Mondlane, CTA President Agostinho Vuma said that the protests affected the education, catering, tourism, and transport sectors. The greatest impact was on the casual sector of the Mozambican economy, he added.
In addition to the lack of public passenger transport, said the president of the CTA, travel agencies were also affected, having been forced to make changes to trips, postponing or bringing them forward.
Despite the stoppage and the occurrence of demonstrations in various parts of the country, Vuma said that there were no indications of “major damage” to production units, pointing out that some companies chose to remain closed that day.
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Specifically in the provinces of Inhambane and Gaza, in the south of the country, the CTA said that on the day of the stoppage, “institutions opened and closed as normal”, highlighting the transportation sector as the one that suffered the most from the negative impact.
