Maputo, June 24, 2015: Mozambique’s President Filipe Nyusi (C) during the celebrations of the 40th anniversary of the country’s proclamation of independence from Portugal (source: dpa)

Political split could put Mozambique’s gas boom on hold

Even with the collapse of energy prices, Mozambique’s economy appears poised for explosive growth thanks to discoveries of huge offshore natural gas fields. President Filipe Nyusi’s government has committed to much-needed economic and financial reforms. Yet cracks in Mozambique’s political system, especially the failure to incorporate the opposition Renamo party, could yet split the country and delay the eagerly awaited energy boom.

With an annual average growth rate of close to 7 percent over the past decade, Mozambique has asserted itself as one of Africa’s most promising economies. This has been especially true since 2011, which marked the outset of an energy boom in one of the wo...

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The prospect of a ninefold expansion of the economy over the next 20 years and as much as $500 billion in gas-derived tax revenue through 2045 has set off a political battle for control of valuable resources
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