Mozambique is located on the southeast coast of Africa whose capital is Maputo. It is bound by Eswatini to the south, South Africa to the southwest, Zimbabwe to the west, and Zambia. Mozambique borders Tanzania, Malawi, Zambia, Zimbabwe, South Africa, and Eswatini. Its long Indian Ocean coastline of 2,500 kilometers faces east. The population is 33,879,872 as of Monday, July 3, 2023, based on Worldometer elaboration of the latest United Nations data.
Filipe Jacinto Nyusi born on 9 February 1959 is a Mozambican politician serving as the fourth President of Mozambique since 2015. He is the current leader of FRELIMO (political party) and he was the Minister of Defence before becoming the president.
The Mozambique GDP is projected to trend around 17.00 USD Billion in 2022, according to our econometric models. The gross domestic product (GDP) measures the national income and output of a given country’s economy. A smaller offshore LNG project will start in 2022, supporting real GDP growth, but delays to the larger projects will weigh on Mozambique’s growth potential.
Mozambique’s economy is forecast to grow by 4% in 2022, up from 2.2% this year, but remains vulnerable to the Covid-19 pandemic.
A young child’s survival depends on the mother’s health and education as well as 52% of the Mozambican population are children (under 18 years of age). Mozambique is a poor, sparsely populated country with high fertility and mortality rates and a rapidly growing youthful population 45% of the population and young people between 15 and 24 years of age represent around 20 percent of the country’s population
More focus now needs to be placed on supporting adolescents, who are the fastest-growing population group in Mozambique; an estimated 45 percent of the population is under 15 years of age, and 52 percent is below 18 years
The basic documents of development in Mozambique are The African Development Bank Group’s Country Strategy Paper (CSP) 2018-22 and the long-term development strategy ‘ENDE’ 2015-35.
Business opportunities in Mozambique
Investment opportunities in Mozambique include extractive industries such as coal, natural gas, and precious stones, as well as agriculture, tourism, and infrastructure development. The country has the potential to become a major player in the global energy market, as it is home to large reserves of natural gas and coal. The government has been working to attract investment in the extractive industries, and recent discoveries of large natural gas reserves have further increased the potential for investment in this sector.
Agriculture is another key area of investment opportunity in Mozambique. The country has vast tracts of arable land, and the government has been working to attract investment in this sector.
In addition, tourism is another sector that has the potential to grow significantly in the future. The country is home to beautiful beaches, national parks, and a rich cultural heritage, making it an attractive destination for tourists.
