Africa Asia Europe North America South America Oceania
You are here: Home > Africa > Mozambique


Yearbook 2009

Mozambique. According to countryaah, President Armando Guebuza has invested heavily in infrastructure projects to promote in-country communications and mineral extraction. Two major rail projects to transport coal to the sea from mines in the Tete Province received their funding. The European Investment Bank lent EUR 65 million for a railway to Beira and upgrading, including dredging, of the worn port there. In total, the project is estimated at EUR 195 million. Later, the EU, like the Netherlands and Denmark, entered a total of EUR 500 million in a railway to the northern port of Nacala in a project to be completed in 2015.

2009 Mozambique

At the beginning of the year, Brazilian mining company Vale and Australian Riverdale had signed a total of € 1.58 billion for coal mining in Tete. After more than 30 years of work, a 2.5 km long bridge across the Zambezi River was inaugurated in August, which dramatically improved communications between the country's southern and northern parts. The long wait for a ferry could previously delay a trip of up to a few days.

A planned building of an oil refinery for EUR 5.6 billion had to be relocated because it was placed too close to sensitive nature conservation areas, including an elephant sanctuary. The construction is still expected to be completed in 2014.

Although there is dissatisfaction with the lack of jobs and housing, President Guebuza and the FRELIMO government party were nonetheless rewarded for the economic progress of superior victories in the general elections in October. Guebuza was re-elected for a second five-year term with about three-quarters of the vote, and FRELIMO strengthened its already large majority in Parliament with over 70 percent of voter support.

Other Countries in Africa

Hyper Countries Copyright 2009 - 2020 All Rights Reserved