Mozambique Mining Q1 2019
Similar to other regional markets (with the exception of South Africa), Mozambique's insurance industry is still at anascent stage of development. Growth in the market has long been hindered by high unemployment rates as well as extensiveinformal employment, limited household income rates and inflationary headwinds. While these challenges will all persist over thecoming years, a more stable economic platform and the prospect of greater investment in sectors such as oil and tourism bode wellfor demand in the insurance industry. As the market is unlikely to attract new entrants, the beneficiaries of this growth will be localand regional providers already established in the market.
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