Mozambique

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Mozambique is situated on the Eastern coast of Africa, has a total land area of 784,000 square kilometres, 2,470 kilometres of coastline and an estimated population of 22 million people.

Located between Tanzania to the North and South Africa to the South, Mozambique also has borders with Malawi, Swaziland, Zambia and Zimbabwe. The Indian Ocean lies to the east of the country.

Mozambique was colonized by the Portuguese from the 16th Century and gained its independence in 1975. A civil war in the 1980s was ended by an UN-sponsored peace agreement in 1992 and the country has since enjoyed rapid economic growth. Frelimo are the current ruling party, having been re-elected to power in the October 2009 legislative and presidential elections.

Mozambique has been one of the world’s most rapidly growing economies over the past number of years, with impressive economic growth averaging 4.3 per cent per annum from 1990 to 2008 and sustained political stability. Strong economic growth continues to be driven primarily by robust investment inflows and “mega-projects” in the mining and natural resources sector.

Tourism and agriculture are also increasingly contributing to economic growth. Mozambique produces agricultural goods such as cotton, cashews, sugar cane, maize and tropical fruits and industrial products such as chemicals (fertilizer, soap and paints), aluminium and textiles, among others. Electricity from Cabora Bassa hydroelectric project is exported to South Africa.

Half yearly results 2013
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