Africa Monitor

Africa Monitor Intelligence

Mozambique: Natural Gas Supports Optimistic Economic Growth Forecasts

The agricultural sector, mainly through the increase in cereal production, and the construction sector may have some effect on economic acceleration, but, with the exception of extractive industries, public investment continues to be the engine of the economy, through a set of programs and government projects supported by donors (Belgium, Italy, Japan and Germany or by external credits from the IMF, European Development Fund or World Bank). Cabo Delgado, Sofala and Nampula will be the provinces most benefited by the increase in public spending, after the decline in public and private investments in 2020-2021. READ MORE