Mozambican President Filipe Nyusi on Wednesday said that the extractive energy sector contribution to the country’s Gross Domestic Product has increased from 1.8 percent to 10.6 percent over a decade, a figure of 8.8 percentage points.
Speaking at the opening of 9th Mozambique Mining and Energy Conference and Exhibition, Nyusi said that the growth results from the exploration of a coal project in Moatize, in the central province of Tete, heavy sands in Moma, northern Nampula province, Pebane in the central Zambézia province, and Chibuto in the southern Gaza province.
Added to these projects, he mentioned the Liquified Natural Gas (LNG) projects, as well as rubies and graphite in the northern province of Cabo Delgado, and natural gas in Inhassoro, Inhambane.
Unfortunately, Mozambique’s extractive resources are transformed abroad. It doesn’t help that the country lacks a coherent industry policy that can lead to the transformation of resources internally. This means that for the foreseeable future the country has no other alternative but to be a net exporter of extractive resources.
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