Elections

Undoubtedly, this fragile political environment has significant economic implications, including declining investor confidence, disruptions to economic activities, and a worsening fiscal outlook. For ordinary Mozambicans, political instability translates into rising costs of living, limited access to essential services, and growing concerns about economic security. Mozambique's debt situation remains precarious, with the government balancing debt issuance, salary obligations, and governance challenges. While efforts to settle debts and stabilize finances are ongoing, political instability and calls for accountability will be crucial in shaping the country's economic trajectory. The African Sovereign Debt Justice Network (AfSDJN) continues to monitor developments, advocating for the promotion of peace for the creation of a conducive environment for just and transparent debt management processes that prioritize economic justice and sustainable financial governance.

Today, November 1, 2024 two lawyers came to political power in Africa. In Botswana, Duma Boko President of the Umbrella for Democratic Change which includes his Botswana National Front swept to victory putting ending the 58 year-old hold on power of the independence ruling party the Botswana Democratic Party. So sweeping was Advocate Duma Boko victory that the ruling party is trailing fourth in the polls. To his credit, President Mokgweetsi Masisi conceded defeat even before the final results were announced and promised a peaceful transfer of power. Botswana therefore joins a few African countries like Ghana where there has been a peaceful transfer of power when an incumbent party loses to an opposition party.