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
Chimoio Colonial War. After a military coup in Lisbon, the Carnation Revolution of 1974, the Portuguese authorities offered independence to its African territories, and Mozambique became an independent country. The change in name from Vila Pery to Chimoio took place on 12 June 1975, during the public rally of the first President of independent Mozambique - Samora Moisés Machel - on his journey from the Rovuma to the Maputo. One of the most visible marks of this period of fighting for independence is the Praça dos Heróis (Heroes’ Square). An impressive mural was painted depicting the various episodes in Mozambican history,