Mozambique: CFM Loses About 20 Million Meticais to Theft

Maputo — Mozambique’s publicly owned Ports and Rail Company (CFM), in the central region of the country, has lost about 20 million meticais (about 31,000 US dollars at the current exchange rate) as a result of the theft of railway equipment since January.

The data was recently revealed by Luis Gamboa, CFM security and health representative, after the discovery of stolen equipment (railway tracks and fasteners) in a company worksite belonging to a Chinese individual in Inhamizua neighbourhood, in…