A New and Prosperous Era Mozambique’S Natural Resource Endowment Provides the Foundation for an Exciting Future
MOZAMBIQUE A new and prosperous era Mozambique’s natural resource endowment provides the foundation for an exciting future f ever a country deserved its good fortune, then FRELIMO took complete control of the former After 15 years Mozambique is that country. For the first 20 colony after a transition period, as agreed in the years of the independence it won in 1975, it was Lusaka Accord which recognised Mozambique’s right of economic wracked by a war whose scars are still visible to independence and the terms of the transfer of power. Itoday. After 15 years of economic reforms, recent Within a year of the Portuguese coup, almost all the reforms, discoveries of gas, along with a huge coal sector, will 300,000 Portuguese population had departed. This provide much-needed finance for the Government in hasty exodus left the Mozambican economy in chaos. recent its mission to eradicate poverty and create jobs. Two years later, in 1977, civil war erupted, destroying The Portuguese began colonising what is today what little wealth and physical infrastructure the discoveries Mozambique in the early 16th century, soon Portuguese had left behind. establishing this stretch of the East African coastline as For 13 years, Mozambique was a Cold War of gas, along a trade centre with India. After the end of World War battleground, as the Soviet-backed FRELIMO army II, as in most of Africa, an independence movement fought the US and South African-backed RENAMO with a huge emerged, led by FRELIMO, which fought the rebels. By 1990, the world outside Mozambique Portuguese military regime of Antonio Salazár.
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