Africa Monitor

Africa Monitor Intelligence

Mozambique: Erik Prince´s Phoenix Aviation Profits from Operations in Cabo Delgado

Frontier Services Group (FSG), owned by ERIK PRINCE (EP) and Chinese state-owned company CITIC, reached revenues of EUR 29 million in the first half of the year, against c. EUR 38 million in the same period of 2019, that is, a drop of 23%. The bulk of revenues are centered on aviation and logistics contracts, the segment most affected by border closure measures and circulation restrictions in general. READ MORE