LNG in Mozambique

Updated on 29th June 2018 Article published at the China-Lusophone Brief, on 21st March 2018 Article also published in How We Made it in Africa, on 24th May 2018 Also published at the NTU-SBF Centre for African Studies, on 25th May 2018 Mozambique, which gained independence from Portugal in 1975, is home to a culturally…

Is Africa facing an Imminent Debt Crisis?

Following 2008, Africa embarked upon a borrowing spree fuelled by cheap and accessible foreign capital. Developed markets that were thought to be risk-free and attractive had the seal of safe investment shredded into pieces as a result of the financial crisis. Policy-makers sought to rectify the damage done to financial systems and economies by enacting a large set of financial reforms, both at the international and domestic level.

The restructuring of the developed economies involved, among other measures, lowering interest rates. This measure, together with an increasing awareness that investment diversification was necessary, made investors with an appetite for higher yields look elsewhere. Africa appeared to be the most promising place. With increasing infrastructure projects and large revenues from the commodities market, the continent enticed many investors looking for the next pot of gold.