Sale of natural resources leads to increased exports for Mozambique

28 February 2007

Maputo, Mozambique, 28 Feb – Five of Mozambique’s provinces in 2006 posted significant increases in exports, with the greatest rise accounted for by the sale of natural resources, according to Mozambican newspaper, Notícias.

The list is headed by Tete province, where the Cahora Bassa Hydroelectric Dam alone exported power totaling US$150 million and tobacco exports, the province’s other big export product, provided revenue of US$72 million.

In second place was Zambezia province, whose exports rose 92 percent to US$98 million with the sale of products such as wood, shrimp, cashew nuts, cotton and tea.

Sofala, Manica and Nampula provinces also posted rises in their exports.

On the other hand, Cabo Delgado province, for example, saw its exports fall 66 percent from US$70 million in 2005 to US$24 million in 2006.

The paper said that the fall was due to a change in legislation, which banned the export of logs of certain types of wood and required them to be processed before leaving the country. (macauhub)