INSUBCONTINENT EXCLUSIVE:
In 2023, Mozambique faces a complex economic landscape, with its growth rate projected to slow to 4.6%, down from 5% the previous year.This
anticipated deceleration, as analyzed by Oxford Economics, is largely attributed to diminished business confidence and ongoing delays in
critical natural gas projects in Cabo Delgado.As the northern region grapples with these setbacks, particularly in the vital natural gas
There is a specific emphasis on the stunted natural gas production and delayed construction activities spearheaded by
(Photo Internet reproduction)The PMI index, a measure of economic health, registered a decline into negative territory in March.This does
not indicate a sharp contraction but rather a gradual economic tempering, reflecting the sustained challenges businesses face.Amid these
the latter half of the year.This resumption is bolstered by the extended presence of Rwandan troops ensuring security.This restart is
underscored by its three major gas projects.These include the suspended TotalEnergies project and another significant venture led by
ExxonMobil and Eni, which is still pending commencement.A third, smaller initiative successfully launched in November 2022 operates a
amidst economic adversities.In short, this complex scenario highlights the critical need for stability and continued international
