ICE Insurance scales up Mozambique coverage as country prepares for major gas boom
In file CoM
The London-based Control Risks consultancy said yesterday that recent economic developments in Mozambique “opened up new opportunities for foreign investors” in several sectors, registering the second-best improvement in the relationship between risk and reward in Africa.
“Mozambique registered the best improvement in the reward rate after Egypt,” the consultancy’s Africa Risk-Reward Index report reads. Mozambique “has adopted a favorable stance towards investment and sought to reduce the involvement of the State in the economy through the restructuring or privatisation of public enterprises”.
The consultancy, with offices in 36 countries, argues that “these reforms helped stabilize the previously difficult fiscal situation and opened up new opportunities for foreign investors in sectors such as energy, construction of infrastructure and transport”.Source: Lusa