Mozambique’s maritime and cargo services may be affected by a fuel crisis in that country.
Gas stations cannot issue bank guarantees for buying fuel, due to a crisis believed to be caused by a lack of foreign currency.
Miguel de Gengam, Director of operations at Cornelder Mozambique, said on Thursday at a media briefing, “the fuel issue is a situation that, to a certain extent, worries us. If it is not resolved, it could create some constraints for the Beira corridor, which connects to several hinterland African countries and within Mozambique.”
This was confirmed by the Government of Mozambique, earlier this year, that fuel reserves are secure but parts of the country had shortages due to problems with distributors’ bank guarantees.
de Gengam also said around 400,000 containers and five million tons handled at the port, could be at risk, if fuel cannot be accessed, this could impact the economy. The problem is also affecting maritime services and cargo handling, including the plan for cargo ships to utilise the port of Beira, one of Mozambique’s main ports.
Some Sources: Club of Mozambique, Lula. Picture: Freepik