Overall Mozambique has a sound and stable business environment, with low taxes and low political interference. Mozambique’s future economic growth is expected to be driven by significant foreign direct investment (“FDI”) inflows into the extractive industries, the coal exploration and production sector, upgrading and expansion of infrastructure projects and credit expansion to the private sector.
Despite the mining sector’s current low contribution to the economy, Mozambique is on track to become one of the largest global coal exporters by 2017. This growth will be aided by an improvement in export infrastructure in the form of the development of the Nacala rail corridor as well as government investments in electricity supplies, which will provide easy access to Asian markets.
This publication provides an overview of doing business in Mozambique and is intended to be of value to those mining companies already operating in or considering investing in Mozambique.