Mozambique: Red tape and graft the major threat to growth

Red tape, archaic laws and corruption are seen as major threats to Mozambique's reform agenda, which has won the country stable economic growth and acclaim from international lenders, analysts said on Monday, reports Reuters. Analysts say a growth average of 8 percent annually over the past decade has yet to deliver a solution for poverty, and further reforms and investment were required to bolster this southern African country of 18 million people.