MOZAMBIQUE: SECURING RECORD GAS INVESTMENT WAS THE EASY PART…

   Wed, 26 June 2019

The largest ever foreign direct investment into sub-Saharan Africa has been secured by Mozambique, and even more commitments in the LNG sector are underway. The country’s long-struggling economy is already witnessing signs of a recovery in anticipation of more foreign exchange revenue. But in order to participate fully in its own LNG sector, the government will have to restructure its debts, nullify some loans, and bring in IMF support.