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
Victoria Falls Conference (1975) immediate handover to communist guerrillas. Brief, frenzied negotiations with FRELIMO in Mozambique preceded the country's independence on 25 June 1975; FRELIMO took power without contesting an election, while Samora Machel assumed the presidency. Now that Mozambique was under a friendly government, ZANLA could freely base themselves there with the full support of Machel and FRELIMO, with whom an alliance had already existed since the late 1960s. The Rhodesian Security Forces, on the other hand, now had a further of border to defend and had to rely on South Africa alone for imports. The second event was more surprising for the