Mozambique: Understanding land investment
Mozambique granted concessions to investors for more than 2.5 million hectares (ha) of land between 2004 and the end of 2009, says the Oakland Institute's country report on Mozambique, which forms part of a multi-country study on understanding land investment deals in Africa. 'Mozambique’s history of Portuguese colonialism, three wars, and then the imposition by the World Bank and International Monetary Fund of a harsh neo-liberal economic model led the government in the 1990s to accept the idea that the only way to promote development and end poverty was through encouraging foreign investment. Mozambique was identified by the World Bank as one of five sparsely populated African countries with large tracts of land available for rainfed cultivation. After 2000 rising food and fuel prices and new climate change-related attention on forests triggered the interest of investors in Mozambique, particularly for trees (for paper, timber and carbon credits) and agrofuels (notably sugar and jatropha).'