Economics
Mozambique Votes Against Backdrop of $50 Billion Gas Bonanza
- Poll could present ruling party with toughest test in 20 years
- Winner will have to tackle insurgency by Islamist extremists
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Mozambicans voted Tuesday in elections that have the highest stakes in the southeast African nation’s history, after a campaign marked by violence, insurgent attacks and fallout from a debt scandal.
The winner will oversee more than $50 billion of investments in gas projects planned by companies including Exxon Mobil Corp. and Total SA, and need to tackle an Islamic State-linked insurgency that threatens to disrupt them. The vote’s credibility will test a peace accord the government signed in August with the main opposition to end violence that flared in 2013.