- Mozambique has achieved a political breakthrough
- Its economy has huge potential due to its natural resources
- A debt scandal and terrorist violence are holding the country back
Mozambique, one of southern Africa’s most promising economies, is yet again at a crossroads. It is rich in natural resources, but political uncertainty, financial crisis and the threat of jihadist terrorism could discourage investors and delay the country’s long-awaited economic boom.
In August 2017, a new political dynamic was set in motion when President Filipe Nyusi, the leader of the ruling Mozambique Liberation Front (Frelimo), met with his main rival, Afonso Dhlakama, the head of the Mozambican National Resistance (Renamo) party. This was their first meeting since military hostilities between the two sides escalated in 2014. Several other meetings ensued, aimed at reaching an agreement that could finally open the door to national reconciliation.