Investment in Key Industries Will Drive Vehicle Demand

BMI View: Regardless of short-term risks related to slowing macroeconomic and credit growth, we continue to forecast strong average growth of 7% per annum in the Mozambican automotives industry to 2016. Growth will be fuelled by ongoing investment in the mining, infrastructure and power sectors, with commercial vehicles leading the way. A healthy medium-term macroeconomic picture and a favourable demographic profile will also prove very supportive of sector growth.

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