Mozambique and Italy to double volume of trade
Antara News / President Nyusi and his Indonesian counterpart Joko Widodo
Mozambican President Filipe Nyusi on Tuesday invited Indonesian businesses to invest in Mozambique.
Speaking in Jakarta at a meeting with Indonesian business people, he said he hoped their companies would do business in Mozambique, taking advantage of the enormous opportunities that the country offers.
Nyusi guaranteed that the government will do all in its power to facilitate the entry of Indonesian companies into Mozambique, and that legislation on foreign investment is being reformed.
“There are many opportunities in Mozambique, where your technology and your financial capacity can be capitalized upon”, he said.
Agriculture in particular was a strategic area in Mozambique’s development plans, Nyusi added, and he believed that Indonesian agricultural experience and know-how could be of great value. Mozambique has favourable agro-ecological conditions, he stressed, and there were guaranteed markets for Mozambican agricultural produce.
Other areas the President stressed were tourism and the hotel industry, energy, mining and hydrocarbons, and fisheries.
“We already have many hotels built by Asian investors”, said Nyusi, “but as yet we don’t have any that are the result of Indonesian investment”.
As for energy, he said that Mozambique has massive potential for hydropower and renewable sources of energy, as well as enormous coal and natural gas deposits.
Turning to transport, he pointed to the airport at Nacala on the northern coast, which could be an important hub in air links between southern Africa and Asia. (At the moment however, not a single international airline stops at Nacala, and the only flights are domestic, operated by Mozambique Airlines, LAM).
He told the business people that earlier in the day he had met with his Indonesia counterpart, Joko Widodo, and “we discussed political, economic and cooperation matter. I am pleased because I saw in President Widodo’s heart a great willingness to cooperate with Mozambique”.
Trade between Mozambique and Indonesia reached 178.7 million US dollars in 2013, but in 2016 fell to only 44.5 million dollars. The two governments have pledged to recover, and improve upon, the performance of 2013.
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