Economy of Mozambique the second international fibre (EASSy) in 2010. The lower cost of bandwidth has already started to trickle down to lower consumer prices in some service segments, while others have remained unchanged. The banking system collapsed after independence from Portugal in 1975. From an earlier position (in the 1980s) of central government control of the economy, Mozambique has initiated rapid reforms in recent years, accelerating the implementation of market-based economic policies, and committing to a policy of fiscal and monetary discipline. In 1995 the government introduced its medium-term economic growth, strategy which it continues to pursue. Since the late 1990s, both
Culture of Mozambique Culture of Mozambique The culture of Mozambique is in large part derived from its history of Bantu, Swahili, and Portuguese rule, and has expanded since independence in 1975. The majority of its inhabitants are black Africans. Its main language is Portuguese. Its median religion is Roman Catholicism, but only about 40% of the inhabitants are Christian. It has a rich history in the areas of arts, cuisine, and entertainment. The main ethnic groups in Mozambique are Makhuwa, Tsonga, Makonde, Shangaan, Shona, Sena, Ndau, and other indigenous groups. There are approximately 45,000 Europeans, and 15,000 South Asians. The main religious groups