3 minute read
Mozambique
Huge natural gas finds could be transformative. Capital: Maputo Other towns/cities: Matola, Nampula, Beira Population: 27.2-million (2018) GDP: $14.7-billion (2018) GDP per capita (PPP): $1 459 Currency: Mozambican Metical
Regional Economic Community:
Southern African Development Community (SADC) Landmass: 786 380km² Coastline: 2 470km Resources: Coal, titanium, natural gas, hydropower, tantalum, graphite, beryllium, corundum, cotton, cashew nuts, sugarcane, tea, cassava. Main economic sectors: Mining, gas, agriculture. Other sectors: Petroleum products, chemicals, textiles, cement, glass, asbestos, tobacco, food.
New sectors for investment:
Gas-to-liquids and gas-to-power. Energy, agriculture, logistics and tourism. Key projects: The country is in debt distress and the economy needs to be reformed. Chief exports: Bulk electricity (hydropower), aluminium, prawns, cashews, cotton, sugar, citrus, timber. Top export destinations: India, Netherlands, South Africa. Top import sources: South Africa, China, UAE, India, Portugal. Main imports: Machinery and equipment, vehicles, fuel, chemicals, metal products, textiles, food. Infrastructure: 21 airports with paved runways; pipelines 972km gas, 278km refined products; railways 4 787km (2014); roads 31 083km of which 7 365km paved (2015); seaports: Beira, Maputo, Nacala. ICT: Mobile subscriptions per 100 inhabitants: 45 (2017). Internet percent of population: 17.5% (2016). ICT Development Index 2017 (ITU) ranking: 150. Climate: Tropical and subtropical. Tropical cyclones have hit the country hard in the last decade. Most of the country is coastal lowlands with mountains on the western edge and uplands (middle) and plateaus in the north-west. Religion: Christian and Muslim account for about 80%. Modern history: Bad weather has played a big part in Mozambique’s economic fortunes in recent years. The tropical cyclones Idai and Kenneth led to agricultural production dropping. This, coupled with falling commodity prices, had a dampening effect on the economy.
A devastating civil war lasted from independence from Portugal in 1975 to a peace treaty between Frelimo and Renamo in 1992. Frelimo leader Joaquim Chissano’s 18-year stint as president ended in 2004 and two presidents from the same party have been in power since then. Elements of Renamo continued to fight through to recent times. A constitutional amendment giving more power to provinces may prove sufficient to finally end that conflict, but the northern province of Cabo Delgado has been the site of several extremist attacks unrelated to Renamo. The 2011 discovery of vast fields of offshore natural gas has the potential to completely transform the country and massive investment commitments have already been made by international companies. Income from the sale of liquefied natural gas should generate billions of dollars after 2022.
Ndola Lusaka Livingstone Harare Kasane Victoria Falls Maun Bulawayo St Helena
extraordinary Ndola
Lusaka Livingstone Harare Kasane Victoria Falls
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Nampula Antananarivo Beira Tete Pemba Nosy Be
Nampula Antananarivo Tete
Mthatha East London Port Elizabeth George Cape Town Hoedspruit JNB Gaborone Maun Bulawayo Windhoek Walvis Bay Polokwane Phalaborwa Vilanculos Skukuza Nelspruit Richards Bay Sikhupe Sishen
Mthatha East London Beira Hoedspruit St Helena
Port Elizabeth George Cape Town
Benefits of flying with Airlink
Privately owned and financially independent, Airlink services over 55 routes and offers the widest network and choice of flights in southern Africa and St Helena island. We are reliable and committed to punctuality. Airlink is consistently 95% on time across 60 000 annual flights, servicing some 1.9 million customers per year. Enjoy the Airlink hospitality as we soar to new heights in the years to come. Benefits of flying with Airlink Privately owned and financially independent, Airlink services over 55 routes and offers the widest network and choice of flights in southern Africa and St Helena island. We are reliable and committed to punctuality. Airlink is consistently 95% on time across 60 000 annual flights, servicing some 1.9 million customers per year. Enjoy the Airlink hospitality as we soar to new heights in the years to come.
IT’S A JUNGLE OUT HERE. A CONCRETE ONE TO BE PRECISE.
Located on a continent that is positioned as the future of the world for the next 20 years, South Africa has committed itself to being a true connector of markets and a champion for inclusive growth. From our world-class infrastructure to our dynamic and diversified economy, South Africa is a globally competitive destination that offers potential investors an abundance of opportunities.
Simply put, when looking to invest, look to South Africa.
