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. | 
