The Mozambique Road Network (REVIMO), a company operating more than 670 kilometers of road in the country, announced that it incurred estimated losses of 211 million meticais (3.2 million USD) in 2024 due to the negative impacts of general protests that lasted over five months.
“The road infrastructures concessioned to REVIMO, including toll plazas and collection systems, were targets of violent events, with road blockages, vandalism, and road burnings, in the context of the protests following the general elections on October 9,” the entity stated in a report released to Lusa.
According to REVIMO, the situation forced the company to suspend toll collection operations at 13 of the 16 toll stations under its management due to unsafe conditions, affecting 418 direct employees and 1,004 indirect workers from subcontracted institutions, mostly young people.
Financial Impact
The report indicated that net profits in 2024 totaled 54.7 million meticais (848,000 USD), representing a 65% decrease compared to 2023. “REVIMO’s concessioned roads recorded an annual average daily traffic of 76,055 vehicles, an increase of 42.6% compared to 2023, while the average daily revenue increased by 12.3%, reaching 7,278 million meticais.”
Company Ownership
REVIMO is a private company with majority public capital, 68.7% owned by the Mozambique Road Fund, while the remaining 14.7% each is held by the Pension Fund of the Bank of Mozambique and the National Social Security Institute.
Since the October 2024 elections, Mozambique experienced a climate of intense social unrest, with protests and strikes organized by Venâncio Mondlane, a candidate rejecting the election results that confirmed Daniel Chapo, supported by the ruling Frelimo party, as the winner.
According to NGOs monitoring the electoral process, about 400 people lost their lives in clashes with police, conflicts that subsided following meetings between Mondlane and Chapo on March 23 and May 20, aimed at pacifying the country.
Source: Diário Económico
