Browsing: Inclusive development challenge in Mozambique

African Development Bank Vice President Mateus Magala told Lusa that Mozambique faces the challenge of putting natural resource gains at the service of inclusive and sustainable development.

“The big challenge for the next decade is how to put these huge natural resources at the service of the accelerated, inclusive and sustainable growth of Mozambique’s economy,” head of AfDB’s Corporate Services and Human Resources, Mateus Magala, said.

Magala is in Mozambique to witness the signing of financing agreements for the Temane – Maputo power transmission line on Wednesday.

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The AfDB vice president described the current phase in Mozambique as “historic”, marked as it is by announcements of major investments in natural resources and electricity.

“Today, it is a certainty that Mozambique will, in the coming years, be among the largest gas producing countries in the world, opening the doors …