Export Trading Group (ETG) has filed a $120 million international arbitration claim against the Mozambican government to recover the value of 40,000 tonnes of pigeon peas, maize and rice seized under a ruling by a Nacala judge later dismissed over corruption, in a case opened on October 16, 2024.
In a meeting with President Daniel Chapo on October 22, the group proposed a $2 billion fertilizer factory using Mozambican gas. Companhia Industrial da Matola (CIM) challenged on October 12, at the Tribunal Administrativo, the monopoly of the Instituto de Cereais de Moçambique (ICM) over grain imports, accusing Economy Minister Basílio Muhate and the institute of raising, without authorization, the charges paid by importers from $5 to $16 per tonne.