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
Indians in Mozambique that partners too be counted towards the total number of employees for purposes of calculating the racial quota. However, the 1950s saw further rises in cashew nut prices, so Indian firms continued to prosper. By the end of the decade, 12,000 Indians were living in the country. Indian independence and Partition in 1947 had brought with it a choice for South Asians in Mozambique: Pakistani nationality, or that of the Republic of India. Most of the Hindus, as well as some of the Muslims, chose Indian citizenship. Some of the larger traders also took advantage of a third option, retention