Mozambique: Central bank concerned about entities that illegally collect deposits
FILE - For illustration purposes only. [File photo: Cornelder de Moçambique]
The General Cargo Terminal at Port of Beira reached a historic milestone last July, handling a record monthly volume of 442,000 tons, compared to 199,000 tons in July 2023, marking a 122% increase. This growth was driven by increased imports of clinker and maize for domestic needs, along with a significant rise in wheat, equipment, and sulphur imports for regional countries.
In terms of exports, there was notable geographical diversification, with contributions from three countries, including the export of local eucalyptus and Zambian manganese. Zimbabwe continues to lead the export market through Port of Beira. Overall, the General Cargo Terminal recorded a 24% increase in volume over the first seven months of the year, compared to the same period in 2023.
The Container Terminal also saw strong growth, with a 40% increase in the first seven months of the year, handling 226,000 containers compared to 160,000 containers in the same period in 2023. Zimbabwe remains a key driver of exports through Port of Beira, particularly with chromium, lithium, petalite, and tobacco. Meanwhile, Malawi registered significant growth in cotton and tea exports. Tobacco volumes are expected to rise in the coming months, further strengthening the port’s position as a regional export hub.
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