Mozambique: Unlocking East Africa’s energy potential

The fortunes of Mozambique and its poor could be transformed by investment in huge coal and gas reserves	(photo: dpa)
The fortunes of Mozambique and its poor could be transformed by investment in huge coal and gas reserves (photo: dpa)

Mozambique is one of the poorest countries in the world. But the fortunes of this relatively new nation seem to be on the path of being reversed. International investors are increasingly competing to benefit from the country’s emerging energy wealth, which could transform not only the domestic economy but also the whole outlook of East Africa.

MOZAMBIQUE is receiving unprecedented attention as international investors realise the potential of one of the world’s richest undeveloped coal reserves and huge gas discoveries off the nation’s northern coast.

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These industries could radically transform the fortunes of a country that depends...

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