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    Euromoney: Mozambique Warned on Resource Boom

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Summary

CEO of Banco Unico Antonio Correia has warned Mozambique to be wary of falling into the traps many other oil & gas rich African countries have

by: Erica Mills

Posted in:

Press Notes, Africa

Euromoney: Mozambique Warned on Resource Boom

The commercialization of Mozambique’s huge natural resource discoveries in oil and liquefied natural gas is being buoyed by a growing banking system and robust investment, says Antonio Correia, CEO of Banco Unico in Mozambique.   

But the country will do well to heed lessons learnt from other commodity driven countries in Africa, Correia explains, as the repercussions of falling commodity prices are felt throughout the continent.

Read the full article HERE.