Foreign investment welcome
Mozambique: On May 17, the Mozambican Parliament approved the National Programme for New and Renewable Energy for 2011-2025, following the launch of the draft policy in 2009. The government is encouraging investors to explore renewable energy sources in the country in order to assure the electrification of rural communities and reduce the costs of the expansion of the national electricity grid.
A natural paradise bordered by the Indian Ocean, Tanzania, Zambia, Zimbabwe, Swaziland and South Africa, Mozambique has seen its development held back by an intense civil war, which lasted until 1992, poverty and general lack of infrastructures for development. Not previously considered an attractive target for external investors, it has only recently started to develop …
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