jse markets

Mozambique: Part 1 - Mega Projects and Mining

Thu, 22 Oct 2009 09:28

When Mozambique emerged from a 17 year civil war in 1992, its economy was in tatters, infrastructure had been destroyed and there was no industry to speak of. A peace deal between Frelimo and Renamo, put an end to the conflict.

At the same time there were some important developments going on next door. The release of Nelson Mandela from 27 years of imprisonment and the ensuing democracy provided the impetus for further regional stability.

And it set the stage for sound macroeconomic reform and rapid growth Mozambique would experience over the next decade.