Mozambique’s economy facing multiple risks
MOZAMBIQUE’S economy faces multiple challenges, including a growing insurgency against the government and recurring extreme weather events, rating agency S&P Global said in the research report. S&P said militant attacks in Mozambique's northeastren province of Cabo Delgado posed a "significant threat" to production facilities there, touted as among the biggest natural gas discoveries in the world. Dozens of civilians were killed last month in Islamic State-linked attacks in the coastal town of Palma, near gas projects that are worth $60 billion and are aimed at transforming the country's economy. S&P, which ranks Mozambique's foreign debt at CCC+, seven rungs below…