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In today’s episode, our Sub-Saharan team discusses the insurgency in the Cabo Delgado province (something we have been watching this year ( https://ihsmarkit.com/marketintelligence/en/mi/research-analysis/terrorism-mozambiques-cabo-delgado-data.html ) and the longer-term implications of the ‘Force Majeure Total declared when it canceled its contracts with local subcontractors, withdrew all its staff, and announced at least a year of delay to the key Afungi LNG project. Our analysts provide the background of the insurgency, the response from the energy industry, and the implication for economic recovery and debt sustainability going forward.
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