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
Independence movements in Mozambique and 1960s, government suppression of radicalism in Mozambique was severe enough that the important national liberation groups all had to carry on their existences outside the country. The first organisation with full intentions toward national liberation was founded by Mozambican exiles in Rhodesia (now Zimbabwe) and Nyasaland (now Malawi), on October 2, 1960, and called the União Democrática Nacional de Moçambique (UDENAMO). Its founding leader was Adelino Gwambe. Tanganyikan (now Tanzanian) president Julius Nyerere was sympathetic to the nationalists, and in April 1961 UDENAMO moved its headquarters to Tanganyika's capital, Dar es Salaam. Its members at various times included: In