Mozambique: Nyusi stresses investment in agriculture – Watch

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Mozambique: Nyusi stresses investment in agriculture – Watch

7:53 CAT | 19 Oct 2020

Photo:O País

Mozambican President Filipe Nyusi on Friday stressed the importance of agriculture in Mozambique, in the SADC (Southern African Development Community) region, and in the entire African continent, because of its enormous potential for generating wealth, employment and sustainable development.

This was the main theme in Nyusi’s address at a virtual international conference, on the theme “investing in the future of Africa”, an event co-organised by the Atlantic Council and by the United States International Development Finance Corporation (DFC).

The President announced that the resources from the exploitation of natural gas, in the northern province of Cabo Delgado, will be invested in other priority sectors, particularly in agriculture.

As an example, he pointed to the launch of the government’s flagship agricultural development programme, Sustenta, which is banking on the provision of inputs to allow all year round agricultural production.

“With investment in agriculture, we want to create opportunities for a further 200,000 jobs, and self-employment for a million Mozambicans”, he said. “We will lay stress on the empowerment of women and young people, which will allow us to feed Mozambique, and embark on the road to ‘Zero Hunger’. So we would like United States business people to invest in Mozambican agriculture”.

According to a press release from Nyusi’s office, the president stressed that the projects to produce liquefied natural gas (LNG) are under way, although they are not yet producing any revenue. But once revenue begins to flow in from LNG sales, some of these funds will be channeled to other areas in order to diversify the Mozambican economy.

Nyusi pointed out that there are more than 300 million consumers in the SADC regional market, and more than 1.2 billion in the African market. “So we want to promote the chain of regional and African trade”, he declared.

Nyusi thanked the DFC for the work it has undertaken in Mozambique. To date the DFC has invested 1.7 billion dollars in Mozambique in natural gas and electricity.