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Local Content Rises to Top of Mozambique’s Developmental Agenda (By Charné Hundermark)

Local Content Rises to Top of Mozambique’s Developmental Agenda (By Charné Hundermark)

AFRICA, EUROPEAN UNION, HUMAN INTEREST STORIES, INTERNATIONAL, Mozambique, Oil, TECHNOLOGY, WORLD
By prioritizing local content and capacity building, Mozambique seeks to transform foreign direct investment into long-term, sustainable socioeconomic growthOPINION PIECEMAPUTO, Mozambique, February 25, 2021/ -- By Charné HundermarkMozambique is experiencing an influx of investment across energy, agriculture, tourism, construction and mining sectors, positioning the country for transformative economic growth. The benefits of ongoing megaprojects, however, have the potential to extend beyond government revenues and critical infrastructure and to local capacity building and the assurance of sustainable socioeconomic improvement. In a bid to increase country-wide living standards and boost local participation in expanding sectors, Mozambique is prioritizing the expansion of local content pol...