Mining and energy sectors spur Mozambique’s rapid growth

Mozambique is expected to be one of the world's fastest-growing economies (photo:dpa),
Mozambique is expected to be one of the world's fastest-growing economies (photo:dpa),

Foreign investors are moving in to capture the phenomenal growth potential in Mozambique. It is expected to become one of the world’s five fastest-growing economies based on vast newly-discovered energy reserves off its coast, coal in the north of the country and a wealth of other minerals. But this poses potential risks of unrest if the wealth is not shared among the population which has been among the world’s poorest.

MOZAMBIQUE, a poor and underdeveloped East African country with most of its 23.4 million population living on as little as US$1 a day, is expected to become one of the world’s five fastest-growing economies.

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