Mozambique–Portugal relations US$393.4 million, accumulated from independence until 2005. Mozambique–Portugal relations Mozambique–Portugal relations are foreign relations between Mozambique and Portugal. They are both members of the Community of Portuguese Language Countries. Mozambique gained independence from Portugal in 1975 after the Mozambican War of Independence. Portugal has an embassy in Maputo and a Consulate-General in Beira. Mozambique has an embassy in Lisbon. Portuguese companies are the second largest private investor in Mozambique. In July 2008, Mozambique and Portugal have signed an agreement to set up a fund to support investments worth USD124 million in the Mozambican energy sector. In July 2008, Portugal cancelled
Economy of Mozambique of 90 percent of the ethnic Portuguese citizens during and after the independence process which was concluded on June 25, 1975. Portuguese population's rapid exodus left the Mozambican economy in disarray. The situation was exacerbated by the Mozambican Civil War (1977–1992) during the following years that destroyed the remaining wealth and left the former Portuguese Overseas Province in a state of absolute disrepair. Mozambique became an independent state in 1975. The exodus of trained Portuguese and the eruption of the Mozambican Civil War in 1977 opposing RENAMO to FRELIMO, drove the country to absolute chaos. Mozambique became an independent nation