Mozambique is a southern African nation whose long Indian Ocean coastline is dotted with popular beaches like Tofo, as well as offshore marine parks. In the Quirimbas Archipelago, a 250km stretch of coral islands, mangrove-covered Ibo Island has colonial-era ruins. It’s also a diving and snorkeling destination, as is Bazaruto Archipelago farther south, with reefs protecting rare marine life including dugongs.
Mozambique has been one of the world’s most rapidly growing economies over the past number of years, with impressive economic growth averaging 4.3 per cent per annum from 1990 to 2008 and sustained political stability. Strong economic growth continues to be driven primarily by robust investment inflows and “mega-projects” in the mining and natural resources sector.
Tourism and agriculture are also increasingly contributing to economic growth. Mozambique produces agricultural goods such as cotton, cashews, sugar cane, maize and tropical fruits and industrial products such as chemicals (fertilizer, soap and paints), aluminium and textiles, among others. Electricity from Cabora Bassa hydroelectric project is exported to South Africa.