First I find out that our Presidency takes in more money than the most glamorous European monarchies and now we all realise that the deal over Cahora Bassa fell short of our best expectations (provided we still had any expectations, of course!).
Therefore, no other evidences are going to prove me that this is not a bountiful country submerged in wealth.
Colonial empires left a toll all over the world and the present is still trying to make amends for a past that is not likely to be forgotten, let alone forgiven, within the very next generations. Cahora Bassa, no matter what might be said today, still represents a reminescence of the colonial power that ruled over Mozambique for centuries (even if Mozambique sought the economic advantages of another, and even greater, colonial power when it joined the Commonwealth of Nations in the 1990s, but that is, to my mind, one of those tremendous historical ironies).
However, Cahora Bassa also represents massive investments of a country in a foreign land, no matter if it was a colony or later a fully-fledged independent state. Portugal invested in human resources, in technology and, last but never the least, in capital. Besides this, it was also the major shareholder of the Hidroeléctrica de Cahora Bassa.
In the meantime, Mozambique has claimed a right in the shares of the company, a right which I entirely understand not only on grounds of a recent history, but also on account of the defrauded economy of the country. What I don't understand is how the Portuguese government lost 80 million Euros in this business just like that.
To my knowledge there are reputed economists in the government, then there are advisors and special study committees, so why did no one see it coming that the dollar lost face value to the Euro? Yes, this process has been announced over the last years and took no one by surprise. Then, part of the money the Portuguese state should receive went to a pardon of the huge international debt Mozambique has (this in itself is another tricky subject: pardon or no pardon to African debts). In a nutshell, it seems to me that we will get something not far from peanuts with the selling of our shares. Right, we still hold 15% of shares, a symbolic connection between Portugal and Cahora Bassa. But, in the end, we lost the dam, we lost the business and probably we lost some face too.
We are a rich nation, 80 million more, 80 million less is certainly not going to make an impact in our finances and in our Treasury.