IBOV 175,963 ▲ 0.13% IPSA 10,928 ▲ 0.16% IPC MEX 66,679 ▲ 1.07% MERVAL 3,227,570 ▼ 0.24% COLCAP 2,292.72 ▼ 0.65% BVL PERÚ 56,428.20 ▲ 1.53% USD/BRL5.08▼ 1.19% USD/MXN17.44▼ 0.49% USD/CLP926.00▼ 0.74% USD/COP3,248▼ 0.46% USD/PEN3.39▼ 0.64% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.25▲ 0.29% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.25% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.38% BRENT 84.17 ▲ 1.04% WTI 78.53 ▲ 0.50% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.18% GOLD 4,068 ▲ 1.79% SILVER 59.10 ▲ 2.54% SOY 1,192 ▼ 0.81% CORN 460.75 ▲ 5.25% WHEAT 645.25 ▲ 2.91% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 141.20 ▼ 0.95% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.88 ▼ 1.21% CATTLE 349.25 ▼ 1.44% LITHIUM 71.37 ▲ 1.61% PETR4 40.60 ▼ 0.15% VALE3 74.09 ▲ 1.70% ITUB4 43.35 ▼ 0.39% BBDC4 18.46 ▼ 1.65% ABEV3 15.81 ▼ 0.13% BBAS3 20.46 ▲ 1.09% B3SA3 15.36 ▲ 1.59% WEGE3 44.38 ▼ 0.02% PRIO3 56.99 ▼ 0.37% SUZB3 41.35 ▼ 0.34% RENT3 40.33 ▲ 0.32% AZZA3 18.80 ▼ 2.19% CSAN3 3.87 ▼ 0.77% RAIZ4 0.31 ▼ 6.06% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 54.13 ▲ 0.17% CVCB3 1.34 ▲ 7.20% POSI3 3.93 ▼ 1.50% SLCE3 13.70 ▼ 1.23% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.03 ▲ 1.01% CSNA3 5.13 ▼ 2.10% CMIN3 5.14 ▼ 5.69% USIM5 8.27 ▼ 1.31% GGBR4 23.16 ▲ 1.49% ENEV3 26.74 ▼ 0.52% CPFE3 47.05 ▲ 0.45% CMIG4 11.11 ▲ 0.36% EQTL3 40.83 ▲ 1.54% LREN3 14.14 ▼ 0.07% VIVT3 35.42 ▲ 1.99% RAIL3 14.09 ▼ 0.14% KLABIN 17.41 ▼ 0.40% RAIA DROGASIL 18.34 ▲ 0.77% RDOR3 35.80 ▲ 0.67% HAPV3 10.65 ▲ 1.82% FLRY3 16.36 ▲ 1.30% SMTO3 16.17 ▼ 1.22% UGPA3 29.82 ▼ 3.59% VBBR3 32.85 ▲ 0.27% BBSE3 40.21 ▼ 0.17% BPAC11 57.83 ▲ 0.54% CURY3 32.76 ▼ 1.09% AERI3 2.08 — 0.00% VIVARA 23.35 ▲ 1.04% COMPASS 25.31 ▲ 2.18% VAMOS 3.05 ▲ 0.99% SANB11 27.27 ▼ 0.37% ASAI3 8.66 ▼ 0.57% SBSP3 30.30 ▼ 0.23% WALMEX 49.50 ▼ 0.30% GMEXICO 200.62 ▲ 2.57% FEMSA 233.20 ▲ 3.48% CEMEX 22.18 ▲ 1.84% GFNORTE 186.91 ▲ 2.66% BIMBO 56.70 ▲ 1.49% TELEVISA 9.49 ▼ 1.25% AMX 22.89 ▲ 1.33% GAP 389.73 ▼ 4.52% ASUR 278.32 ▼ 0.12% OMA 234.66 ▲ 0.57% KOF 181.98 ▲ 0.17% GRUMA 281.52 ▲ 0.05% KIMBER 38.40 ▲ 0.47% SQM-B 67,407 ▲ 0.29% COPEC 6,075 ▲ 0.29% BSANTANDER 78.68 ▲ 0.61% FALABELLA 5,920 ▲ 0.25% ENELAM 85.05 ▲ 1.01% CENCOSUD 2,044 ▲ 0.20% CMPC 1,076 ▼ 0.19% BANCO CHILE 188.20 ▲ 1.73% LATAM AIR 24.87 ▼ 0.12% YPF 77,175 — 0.00% GGAL 7,995 ▼ 1.05% PAMPA 5,205 ▼ 0.38% TXAR 661.00 ▼ 0.53% ALUAR 950.00 ▼ 1.50% TGS 9,675 ▲ 1.10% CEPU 2,308 ▼ 0.47% MIRGOR 16,750 ▼ 1.47% COME 45.28 ▲ 1.12% LOMA NEGRA 3,533 ▲ 1.00% BYMA 304.00 ▼ 1.38% TELECOM ARG 4,275 ▲ 0.59% ECOPETROL 16.02 ▲ 0.85% BANCOLOMBIA 81.66 ▲ 1.54% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 390.23 ▲ 0.26% SOUTHERN COPPER 179.94 ▲ 3.10% BUENAVENTURA 30.83 ▲ 3.39% MERCADOLIBRE 1,866 ▼ 0.09% NUBANK 13.96 ▲ 2.08% XP 16.76 ▲ 2.38% PAGSEGURO 9.19 ▼ 0.98% STONE 11.17 ▲ 0.13% GLOBANT 31.59 ▼ 1.65% TECNOGLASS 43.60 ▲ 1.77% GAP AIRPORT 223.48 ▼ 3.99% ASUR 278.32 ▼ 0.12% OMA AIRPORT 107.67 ▲ 1.45% AMX ADR 26.22 ▲ 0.73% FEMSA ADR 133.92 ▲ 3.81% CEMEX ADR 12.77 ▲ 2.57% PETROBRAS ADR 17.89 ▲ 0.06% VALE ADR 14.57 ▲ 2.72% ITAU ADR 8.53 ▲ 0.65% SANTANDER BR 5.40 ▲ 0.93% AMBEV ADR 3.10 ▲ 1.14% CSN 1.02 ▼ 0.97% GERDAU 4.58 ▲ 1.89% LATAM ADR 53.61 ▲ 0.52% BTC 64,586 ▲ 3.77% ETH 1,870 ▲ 5.47% SOL 77.14 ▲ 3.04% XRP 1.10 ▲ 3.60% BNB 580.43 ▲ 2.43% ADA 0.16 ▲ 4.11% DOGE 0.07 ▲ 3.72% AVAX 6.66 ▲ 3.35% LINK 8.26 ▲ 4.89% DOT 0.85 ▲ 2.09% LTC 44.64 ▲ 2.65% BCH 237.27 ▲ 0.44% TRX 0.33 ▲ 0.41% XLM 0.18 ▲ 2.30% HBAR 0.07 ▲ 0.32% NEAR 2.04 ▲ 6.33% ATOM 1.56 ▲ 1.63% AAVE 99.46 ▲ 5.40% SELIC 14.25% EMBRAER 82.92 ▼ 0.11% EMBRAER ADR 65.37 ▲ 1.37% JBS 11.83 ▲ 0.21% JBS BDR 59.90 ▼ 1.17% MBRF3 16.10 ▲ 2.42% MBRFY 3.11 ▲ 1.97% INTER 5.65 — 0.00% IBOV 175,963 ▲ 0.13% IPSA 10,928 ▲ 0.16% IPC MEX 66,679 ▲ 1.07% MERVAL 3,227,570 ▼ 0.24% COLCAP 2,292.72 ▼ 0.65% BVL PERÚ 56,428.20 ▲ 1.53% USD/BRL 5.08 ▼ 1.19% USD/MXN 17.44 ▼ 0.49% USD/CLP 926.00 ▼ 0.74% USD/COP 3,248 ▼ 0.46% USD/PEN 3.39 ▼ 0.64% USD/ARS 1,470 ▼ 0.88% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.25 ▲ 0.29% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.25% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.38% BRENT 84.17 ▲ 1.04% WTI 78.53 ▲ 0.50% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.18% GOLD 4,068 ▲ 1.79% SILVER 59.10 ▲ 2.54% SOY 1,192 ▼ 0.81% CORN 460.75 ▲ 5.25% WHEAT 645.25 ▲ 2.91% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 141.20 ▼ 0.95% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.88 ▼ 1.21% CATTLE 349.25 ▼ 1.44% LITHIUM 71.37 ▲ 1.61% PETR4 40.60 ▼ 0.15% VALE3 74.09 ▲ 1.70% ITUB4 43.35 ▼ 0.39% BBDC4 18.46 ▼ 1.65% ABEV3 15.81 ▼ 0.13% BBAS3 20.46 ▲ 1.09% B3SA3 15.36 ▲ 1.59% WEGE3 44.38 ▼ 0.02% PRIO3 56.99 ▼ 0.37% SUZB3 41.35 ▼ 0.34% RENT3 40.33 ▲ 0.32% AZZA3 18.80 ▼ 2.19% CSAN3 3.87 ▼ 0.77% RAIZ4 0.31 ▼ 6.06% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 54.13 ▲ 0.17% CVCB3 1.34 ▲ 7.20% POSI3 3.93 ▼ 1.50% SLCE3 13.70 ▼ 1.23% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.03 ▲ 1.01% CSNA3 5.13 ▼ 2.10% CMIN3 5.14 ▼ 5.69% USIM5 8.27 ▼ 1.31% GGBR4 23.16 ▲ 1.49% ENEV3 26.74 ▼ 0.52% CPFE3 47.05 ▲ 0.45% CMIG4 11.11 ▲ 0.36% EQTL3 40.83 ▲ 1.54% LREN3 14.14 ▼ 0.07% VIVT3 35.42 ▲ 1.99% RAIL3 14.09 ▼ 0.14% KLABIN 17.41 ▼ 0.40% RAIA DROGASIL 18.34 ▲ 0.77% RDOR3 35.80 ▲ 0.67% HAPV3 10.65 ▲ 1.82% FLRY3 16.36 ▲ 1.30% SMTO3 16.17 ▼ 1.22% UGPA3 29.82 ▼ 3.59% VBBR3 32.85 ▲ 0.27% BBSE3 40.21 ▼ 0.17% BPAC11 57.83 ▲ 0.54% CURY3 32.76 ▼ 1.09% AERI3 2.08 — 0.00% VIVARA 23.35 ▲ 1.04% COMPASS 25.31 ▲ 2.18% VAMOS 3.05 ▲ 0.99% SANB11 27.27 ▼ 0.37% ASAI3 8.66 ▼ 0.57% SBSP3 30.30 ▼ 0.23% WALMEX 49.50 ▼ 0.30% GMEXICO 200.62 ▲ 2.57% FEMSA 233.20 ▲ 3.48% CEMEX 22.18 ▲ 1.84% GFNORTE 186.91 ▲ 2.66% BIMBO 56.70 ▲ 1.49% TELEVISA 9.49 ▼ 1.25% AMX 22.89 ▲ 1.33% GAP 389.73 ▼ 4.52% ASUR 278.32 ▼ 0.12% OMA 234.66 ▲ 0.57% KOF 181.98 ▲ 0.17% GRUMA 281.52 ▲ 0.05% KIMBER 38.40 ▲ 0.47% SQM-B 67,407 ▲ 0.29% COPEC 6,075 ▲ 0.29% BSANTANDER 78.68 ▲ 0.61% FALABELLA 5,920 ▲ 0.25% ENELAM 85.05 ▲ 1.01% CENCOSUD 2,044 ▲ 0.20% CMPC 1,076 ▼ 0.19% BANCO CHILE 188.20 ▲ 1.73% LATAM AIR 24.87 ▼ 0.12% YPF 77,175 — 0.00% GGAL 7,995 ▼ 1.05% PAMPA 5,205 ▼ 0.38% TXAR 661.00 ▼ 0.53% ALUAR 950.00 ▼ 1.50% TGS 9,675 ▲ 1.10% CEPU 2,308 ▼ 0.47% MIRGOR 16,750 ▼ 1.47% COME 45.28 ▲ 1.12% LOMA NEGRA 3,533 ▲ 1.00% BYMA 304.00 ▼ 1.38% TELECOM ARG 4,275 ▲ 0.59% ECOPETROL 16.02 ▲ 0.85% BANCOLOMBIA 81.66 ▲ 1.54% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 390.23 ▲ 0.26% SOUTHERN COPPER 179.94 ▲ 3.10% BUENAVENTURA 30.83 ▲ 3.39% MERCADOLIBRE 1,866 ▼ 0.09% NUBANK 13.96 ▲ 2.08% XP 16.76 ▲ 2.38% PAGSEGURO 9.19 ▼ 0.98% STONE 11.17 ▲ 0.13% GLOBANT 31.59 ▼ 1.65% TECNOGLASS 43.60 ▲ 1.77% GAP AIRPORT 223.48 ▼ 3.99% ASUR 278.32 ▼ 0.12% OMA AIRPORT 107.67 ▲ 1.45% AMX ADR 26.22 ▲ 0.73% FEMSA ADR 133.92 ▲ 3.81% CEMEX ADR 12.77 ▲ 2.57% PETROBRAS ADR 17.89 ▲ 0.06% VALE ADR 14.57 ▲ 2.72% ITAU ADR 8.53 ▲ 0.65% SANTANDER BR 5.40 ▲ 0.93% AMBEV ADR 3.10 ▲ 1.14% CSN 1.02 ▼ 0.97% GERDAU 4.58 ▲ 1.89% LATAM ADR 53.61 ▲ 0.52% BTC 64,586 ▲ 3.77% ETH 1,870 ▲ 5.47% SOL 77.14 ▲ 3.04% XRP 1.10 ▲ 3.60% BNB 580.43 ▲ 2.43% ADA 0.16 ▲ 4.11% DOGE 0.07 ▲ 3.72% AVAX 6.66 ▲ 3.35% LINK 8.26 ▲ 4.89% DOT 0.85 ▲ 2.09% LTC 44.64 ▲ 2.65% BCH 237.27 ▲ 0.44% TRX 0.33 ▲ 0.41% XLM 0.18 ▲ 2.30% HBAR 0.07 ▲ 0.32% NEAR 2.04 ▲ 6.33% ATOM 1.56 ▲ 1.63% AAVE 99.46 ▲ 5.40% SELIC 14.25% EMBRAER 82.92 ▼ 0.11% EMBRAER ADR 65.37 ▲ 1.37% JBS 11.83 ▲ 0.21% JBS BDR 59.90 ▼ 1.17% MBRF3 16.10 ▲ 2.42% MBRFY 3.11 ▲ 1.97% INTER 5.65 — 0.00%
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Africa Eastern Africa

The Delicate Balance: Rwanda’s Rising Influence and Mozambique’s Sovereignty

By · July 23, 2024 · 2 min read

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Rwanda has steadily increased its military and economic presence in Mozambique, primarily in response to the latter’s ongoing security challenges.

This involvement has sparked debate over the implications for Mozambique’s sovereignty.

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Mozambique struggles to maintain stability in its northern regions, particularly around the TotalEnergies project in Cabo Delgado.

As a result, Rwanda, under President Paul Kagame, has been contracted to bolster security for these critical economic areas.

Observers note that Maputo’s dependence on Kigali has heightened, which may undermine Mozambican autonomy.

Political analysts explain that Mozambique has had to outsource its security, with Rwandan forces collaborating closely with TotalEnergies.

The Delicate Balance: Rwanda's Rising Influence and Mozambique's Sovereignty. (Photo Internet reproduction)
The Delicate Balance: Rwanda’s Rising Influence and Mozambique’s Sovereignty. (Photo Internet reproduction)
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They focus on counter-insurgency within a strategic 50-kilometer area, from Afungi to Mocimboa da Praia, facilitating safe local activities.

Reliance on foreign military aid raises doubts about Mozambique’s ability to protect its economic interests and strengthen its defense forces.

The financial details and reciprocal arrangements of these agreements remain murky, adding to the concerns.

The strategy also impacts local entrepreneurs in Mozambique. A major security contract awarded to a Rwandan firm sidelines local, including veteran-owned, businesses.

This move not only centralizes economic power but also disrupts local economic participation in the growing oil and gas sector.

Furthermore, Rwanda’s role in Mozambique extends beyond military support to sectors like construction and security, as noted by analysts.

Some view this expansion negatively, as it places Rwanda in roles that Mozambican companies could fill.

The Delicate Balance: Rwanda’s Rising Influence and Mozambique’s Sovereignty

Critics say foreign troops damage Mozambique’s reputation and governance.

EU and TotalEnergies funding for Rwandan troops could shape future security expectations for international investments.

Despite these issues, Mozambique’s President Nyusi values Rwanda’s help in defeating insurgents, aiding regional stability.

However, this cooperation continues to stir significant debate over national sovereignty and foreign influence in Mozambique.

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