Wednesday, 7 August 2019

Mozambique peace pact boosts chance of unlocking gas riches | Financial Times

Mozambique peace pact boosts chance of unlocking gas riches | Financial Times:

Mozambique’s main opposition and government have signed a peace agreement to end years of war, removing one obstacle to the development of offshore natural gas riches that could transform the impoverished southern African nation.

The deal between President Filipe Nyusi’s ruling Frelimo movement and the Renamo opposition will officially end a conflict that raged from 2013 to 2016 following failure to uphold an earlier peace pact.

Mr Nyusi and Ossufo Momade, Renamo’s leader, agreed to cease hostilities last week, ahead of national and provincial elections scheduled for October. They signed a formal deal on Tuesday in a ceremony attended by regional leaders and diplomats.

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