Africa Monitor

Africa Monitor Intelligence

Mozambique: FRELIMO Leaves Investors in the Extractive Sector in Stand By

The number of potential investors interested in the extractive sector, especially in precious and semi-precious stones, has increased exponentially with the country’s accession to the Kimberley trade regime in late 2021 and with the success of Montepuez Ruby Mining (MRM), but the granting of new licences remains blocked. READ MORE