Mozambique: Ministers on working visit to Japan

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Mozambique: Ministers on working visit to Japan

8:16 CAT | 21 Nov 2022

Image: Further Africa

A delegation led by Mozambique’s Minister of Economy and Finance, Max Tonela in conjunction with the Minister of Transport and Communications, Mateus Magala is in Tokyo this week.

Mozambique has a long history of economic cooperation with Japan and, considering the latest developments in Cabo Delgado where this country has an interest in a gas project, Minister Max Tonela’s mission comes at a time when Mozambique becomes a gas exporter and the economy returns to the path of growth.

The mission headed by Minister Tonela in conjunction with the Minister of Transport and Communications, Mateus Magala, has its main objective aimed at deepening bilateral relations between the two countries and will see the delegation hold meetings with officials from the public and private sector.

Max Tonela and Mateus Magala’s agendas will include meetings with some of Japan’s key ministers, including State Minister of Finance, Kozo Akino, the State Minister of Foreign Affairs, Kenji Yamada, Minister of Economy, Trade and Industry, Yasutoshi Nishimura, of Land, Infrastructure, Transport and Tourism,Tetsuo Saitō, and also with top executives from MITSUI, JERA, JOGMEC, JAICA, JBIC – Japan Bank for International Cooperation, Tohoku Electric Power and Tokyo Gas.

The Minister of Transport and Communications will also conduct technical visits to Tokyo’s mass public transport Hato Bus, the Japan Meteorological Agency and Haneda Airport.

With the return of Mozambique to the international markets beginning last May with an extended credit facility from the IMF and other measures such as the Economic Stimulus Acceleration Package presented last August, the country has returned to a positive growth of 4.12% in the first three trimestres of the year – against an initial IMF forecast of 2.85%, reviewed to 3.9% – bringing the country back to the radar of foreign investors, particularly given its energy transformation and generation potential in a time of international uncertainty in the sector.

By Emmanuel Chilamphuma

Source: Further Africa