Mozambique's economy opportunities

 

EAC-Five Selected Economic Indicators

 


GDP (US$mn) Population Real GDP Real GDP Consumer Fiscal Deficit Total Fixed

2010 est. mn 2009 Growth (%) Growth (%) Prices (%) (%) of GDP Investment (%)



Avg 2005-2010 2011 proj. 2011 proj. 2011 proj. of GDP 2010
BURUNDI 1,447 8.3 3.6 4.5 8.4 3.9 22.0
KENYA 33,494 39.8 4.5 5.8 5.0 5.1 20.5
RWANDA 5,517 10.0 7.5 6.5 6.5 0.7 23.0
TANZANIA 22,695 43.7 6.8 6.7 5.0 6.1 29.8
UGANDA 18,546 32.7 7.8 6.1 5.5 3.1 23.6








EAC TOTAL 81,699 134.5 6.0* 5.9* 6.1* 3.8* 23.8*
*Average of EAC-five.






Sources: IMF, World Bank and National Authorities.

Projects

Among large projects where works have already started include the $500mn railway line connecting the northern Nacala port with coalmines of Moatize; the construction of Nacala International Airport in Nampula province by Brazilian firm Odebretch; the rehabilitation of Beira port, which also serves landlocked Malawi and Zimbabwe; an expansion of hydroelectric production at the Cahora-Bassa dam in central Mozambique; the building of a power line backbone between the Cahora-Bassa Dam and Maputo; and the upgrade of the road network (currently only one-third of Mozambique’s roads are paved). About $1bn is allocated for electrification programme – with new power stations planned across the country.

Other mega schemes in the pipeline are the $5bn coal-mining projects in northern Tete province by China’s Kingho miner; a huge oil-refinery (estimated cost $5bn) in Nampula province – where the US-based Ayr Logistics has expressed an interest; and new generation capacity of 6,000 megawatts (MW) planned in Tete province, as well as 2,400 MW from the Mpanda Uucua hydro plant on the Zambezi River. Also, a transmission line is planned to connect the vast northern and southern regions.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

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