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Mozambique’s Ruling-Party Candidate Chapo Wins Presidential Election

Daba Finance/Mozambique’s Ruling-Party Candidate Chapo Wins Presidential Election
BREAKING NEWSOctober 25, 2024 at 12:32 PM UTC

TLDR

  • Daniel Chapo wins Mozambique presidential election with 70.67% vote, signaling potential political continuity.
  • Opposition candidate Venâncio Mondlane rejects results, sparking protests and concerns of unrest.
  • Election outcome impacts TotalEnergies SE's $20 billion LNG project, with risks of project delays due to political instability.

Mozambique’s ruling-party candidate, Daniel Chapo, won the presidential election with 70.67% of the vote, while his party secured 195 of the 250 parliamentary seats, according to the National Electoral Commission.

Opposition candidate Venâncio Mondlane, who received 20.32%, rejected the results as fraudulent and called for a national shutdown. Protests erupted in Maputo, with reports of burning tires, road blockages, and casualties.

The election results highlight potential continuity in Mozambique’s politics as TotalEnergies SE plans to restart its $20 billion liquefied natural gas project, paused since 2021 due to insurgent threats. Yet, Mondlane’s claims of rigging and his supporters’ discontent raise concerns of escalating unrest, which could delay key infrastructure projects.

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Key Takeaways

With Chapo’s win contested, Mozambique faces heightened risks of civil unrest, potentially delaying economic projects, including the TotalEnergies LNG initiative. International observers, including EU monitors, reported irregularities, such as ballot-box stuffing and restricted access to vote tallying. Mozambique’s Catholic bishops labeled the process as “grand fraud,” underscoring a loss of public faith amid low voter turnout. The international community’s scrutiny of the electoral process underscores Mozambique’s struggle with governance challenges, as economic hardship remains severe for its young, low-income population.

Mozambique
Elections
General Elections
Daniel Chapo
TotalEnergies
Venâncio Mondlane
Hydrocarbon
Oil & Gas

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