Confidence boost needed to overcome doubts about Mozambican governance
Issue 349 - 30 Jun 2017
President Filipe Nyusi has been working to raise Mozambique’s attractiveness to investors during a period when growth rates have dipped, and currency and political risks have risen. Promising signs have included a welcome easing of visa procedures and a more sympathetic ear given to major investors. The macroeconomic picture is improving: growth, which halved from its strong performance of recent years to 3.5% in 2016, will rise to 4.5% in 2017, with further improvement after that, Electricidade de Moçambique (EDM) chairman and chief executive Mateus Magala told the Africa Energy Forum (AEF) in Copenhagen.
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