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
History of rail transport in Mozambique Ocean north to Mocuba. It has no connection with any other railway lines. All of Mozambique's colonial railways were operated initially by chartered companies, for which the lines were one of their main sources of income, alongside the collection of taxes and profits from agriculture. Only in 1941 was the last concession company nationalized, thus bringing the railways under the total ownership of the Portuguese colonial authorities. In connection with the independence of Mozambique, the national railway company, "Caminhos de Ferro de Moçambique", was founded on 25 June 1975. It was later renamed "Portos e Caminhos de Ferro de Moçambique"