History of Mozambique History of Mozambique Mozambique was a Portuguese colony, overseas province and later a member state of Portugal. It gained independence from Portugal in 1975. In 2007 Julio Mercader, of the University of Calgary, recovered dozens of 100,000-year-old stone tools from a deep limestone cave near Lake Niassa in Mozambique showing that wild sorghum, the ancestor of the chief cereal consumed today in sub-Saharan Africa for flours, breads, porridges and alcoholic beverages, was being consumed by "Homo sapiens" along with African wine palm, the false banana, pigeon peas, wild oranges and the African "potato." This is the earliest direct evidence of
Bank of Mozambique Bank of Mozambique The Bank of Mozambique () is the central bank of Mozambique. The bank does not function as a commercial bank, and has the responsibility of governing the monetary policies of the country. The president of the Republic appoints the governor. The bank is situated in the capital, Maputo, and has two branches, one in Beira and one in Nampula. The Bank of Mozambique is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. Most of Mozambique was a Portuguese overseas territory for several centuries. After independence in 1975, the newly