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Mozambique

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Background

Almost five centuries as a Portuguese colony came to a close with independence in 1975. Large-scale emigration by whites, economic dependence on South Africa, a severe drought, and a prolonged civil war hindered the country's development. The ruling party formally abandoned Marxism in 1989, and a new constitution the following year provided for multiparty elections and a free market economy. A UN-negotiated peace agreement with rebel forces ended the fighting in 1992.

At independence in 1975, Mozambique was one of the world's poorest countries. Socialist mismanagement and a brutal civil war from 1977-92 exacerbated the situation. In 1988, the government embarked on a series of dramatic macroeconomic reforms designed to stabilize the economy and reduce government participation. These steps combined with the political stability that has prevailed since the 1994 multi-party elections have led to dramatic improvements in the country's growth rate fueled by foreign and domestic investments and donor assistance. Inflation was brought to single digits during the same period, although it has returned to double digits in 2000 and 2001. Foreign exchange rates have remained relatively stable. Fiscal reforms, including the introduction of a value-added tax and reform of the customs service, have improved the government's revenue collection abilities. In spite of these gains, Mozambique remains dependent upon foreign assistance for much of its annual budget, and the majority of the population remains below the poverty line. Subsistence agriculture continues to employ the vast majority of the country's workforce. A substantial trade imbalance persists, although it has diminished with the opening of the MOZAL aluminum smelter, the country's largest foreign investment project. Additional investment projects in titanium extraction/processing and garment manufacturing should further close the import/export gap. Mozambique's once substantial foreign debt has been reduced through forgiveness and rescheduling under the IMF's Heavily Indebted Poor Countries (HIPC) and Enhanced HIPC initiatives, and is now at a manageable level.

Holidays

Jan 1 - New Year's Day
Feb 3 - Heroes Day
Apr 7 - Day of the Mozambican Woman
May 1 - Workers Day
Jun 25 - Independence Day
Sep 7 - Lusaka Agreement Day(Victory Day)
Sep 25 - Armed Forces Day
Nov 10 - Maputo City Day(Maputo only)
Dec 25 - National Family Day/Christmas Day


Phone Codes

Country Code: 258

Resources

Market Research

CIA - The World Factbook - Republic of Mozambique
This website indicates a wide range of detail information about Mozambique by introducing under 8 different fields as its geography, people, government, economy, communications, transportation, military, transnational issues.

About Mozambique
There is available to find out Mozambique's general outlook on the issues of its social and business profile, passport/visa, money, accommodation, government, duty free, health and so forth.

Mozambique Business
Mbendi serves as business oriented directory providing an ultimate African Business Source for the potential investors seeking new business opportunities in Mozambique including the list of industries for Mozambique.

Mozambique News
There is available to find out Mozambique's business, economic and political news in this web portal.

Doing Business in Mozambique
World Bank represents a snapshot of the business climate in Mozambique by identifying specific regulations and policies that encourage or discourage investment, productivity, and growth related to Mozambique.

Mozambique Yellow Pages
It is available to find out category-wise listings of business in Mozambique, including telephone numbers and postal address.

Lex Africa: Business Guide: Mozambique
The African Law Firm Network examines Mozambique in order to get comprehensive business outlook for the potential investors seeking business opportunities in Mozambique.

U.S. Department of State: Country Commercial Guide: Mozambique
The country commercial reports are prepared annually by U.S. Embassies with the assistance of several U.S. Government agencies that basically offers a comprehensive outlook at Mozambican commercial environments, using economic, political and market analysis.

Business Directory - Mozambique
Wow-directory offers business resources and services by creating cross-referenced categories in business opportunities for Mozambique as business to business, classifieds, cooperatives, directories, organizations & trade.

Business in Mozambique
This website provides an extensive information gateway & archive for Mozambique in terms of doing business with Mozambique, legal guides to establishing business in Mozambique and so forth.

The Canadian Trade Commissioner Service - Republic of Mozambique
Canadian Info-Export Service provides information about doing business in the republic of Mozambique within the business practices.

U.S. Department of State - Bureau of Consular Affairs - For Republic of Mozambique
U.S. Bureau of Consular Affairs creates a wide range of research named as Consular Information Sheet about Mozambique in terms of analyzing its social, political, cultural & economic environments.

World Trade Organization(WTO) : Mozambique
World Trade Organization(WTO) supplies the trade policy reviews of republic of Mozambique in order to display the recent economic and business developments realized after introducing the economic improvement packages by WTO.

Trade Information

Selection of Websites - For Mozambique
Export Services creates a list of useful institutions, organizations, agencies and so forth related to export & business in Mozambique by providing contact information of the institutions, as well.

Mozambique Chamber of Commerce(CCM)
It is the official website of this chamber which is main objective to promote the trade among local and foreign companies in Mozambique.

Mozambique Government Online
It displays the structure of Mozambique government by looking at its political units, branches, ministries and so forth in details.

Embassy Listings For Mozambique
There are listed the embassies of the republic of Mozambique including the embassies' contact information.

 
 
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