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Mozambique

Yearbook 2011

Mozambique. In 2010, the government had first abolished the subsidies on food and fuel but was forced to reintroduce them after rallies that demanded more human lives and cost the Minister of Agriculture the job. In March 2011, the Government found that the subsidies could not be reconciled with the budget adopted by Parliament before the turn of the year. The Ministry of Finance proposed a 45% increase in the budget, which it was hoped could cover with increased aid and improved tax collection. After negotiations, the budget surcharge stopped at around 7% and the government made new attempts to phase out the subsidies. The savings that were made then would be used for special food aid for families living below the poverty line and transport support for workers and students.

2011 Mozambique

The state gets a new source of income in the coal mine that Brazilian mining company Vale opened in May in northwestern Mozambique. The project has cost US $ 1.7 billion and is the largest single investment to date in the country.

According to Countryaah official site, Mozambique also hopes to be a major exporter of natural gas. The Italian company Eni, which since 2006 has been looking for gas in the sea north of Maputo, reported in the autumn that a field could be found that could contain up to 425 billion cubic meters of gas. Prior to this, an American company had already estimated that Mozambique's gas assets are significantly larger than previously thought.

The latest in a series of major infrastructure projects aimed at stimulating local business and tourism, is an airport that began to be built in the city of Nacala in the northeast for over US $ 100 million. Other existing airports have been refurbished in recent years to accommodate more passengers.

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