Search
  1. Home
  2. Southern Africa
  3. Mozambique

Mozal earns big money for Mozambique

    JOHANNESBURG

    Exports from Mozal, the massive aluminium smelter on the outskirts of the capital, Maputo, accounted for over 60 percent of the country's total export earnings, according to central bank figures released on Thursday. The smelter, which is the country's the largest private investment, started production last June.

    After aluminium, the export of prawns, Mozambique's most important export products, remained unchanged. Several of the country's traditional exports, however, received a huge blow. Cotton fell 49.1 percent, timber fell 40.3 percent and cashews fell 81.6 percent. The bank blamed the decline in the cashew industry on a fall in the world market price of cashew kernels and blamed the timber fall on government restrictions on unprocessed log exports.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join