The Fruits of Reform
Foreign Direct Investment
Mozambique, whose history has been blighted by a long liberation struggle and years of civil war, is starting to reap the benefits of recent macroeconomic reforms with a new wave of projects in its virtually untouched biofuel and tourism sectors, writes Michael Deibert.
For a country once so tumultuous that its leaders opted to adorn the national flag with the image of an AK-47, and so economically recalcitrant that widespread nationalisation of private industries was the order of the day, Mozambique has made great strides in liberalising its markets and attracting foreign investment in recent years.
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