Mozambique - The Rough Diamond Of South-Eastern Africa

 

The prospects for Mozambique may finally be looking bright as its resource sector has seen an unprecedented boom. The start of coal mining in 2010 and the discovery of significant offshore gas fields have become major springboards for the Mozambican economy. However, the consolidation of the country's growth depends on its ability to exploit these huge opportunities without hiccups.

 

Notwithstanding positive long-term prospects, Mozambique is still severely constrained by infrastructure bottlenecks that limit the pace of development. Thus, most of the earmarked construction investments focus on the infrastructure segment with large funds pledged for railway modernization.

Over the past years, Mozambique's cement industry has been slowly expanding under the aegis of Cimpor. But with a surge in economic activity and predicted impressive growth in cement demand glittering on the horizon, the government awarded a series of cement plant construction licenses. But even so, to date, only one new cement plant has started commercial operations since 2005.

Read the rest of the article in the latest edition of CemWeek Magazine.