APIEX: Mozambican government creates new investment and exports agency

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APIEX: Mozambican government creates new investment and exports agency

12:50 CAT | 02 Nov 2016

Fishermen cast their nets beneath the skyline of Mozambique's capital Maputo in this file picture taken November 2009. At Bobole, a bustling refreshment stop on Mozambique's north-south highway, brightly-painted kiosks lined with bottles offer drinks to thirsty travellers while hawkers sell bananas, paw-paws and carrots in a typical African roadside scene. But memories remain fresh of when Bobole lay in the "death corridor" of a civil war that cost nearly one million Mozambicans their lives until it ended two decades ago. In 2013 a series of hit-and-run raids by opposition Renamo gunmen about 600 km (375 miles) further north has rekindled fears of a return to all-out conflict in what has become one of Africa's economic growth stars. To match Insight MOZAMBIQUE-POLITICS/ REUTERS/Mike Hutchings/Files (MOZAMBIQUE - Tags: BUSINESS POLITICS CIVIL UNREST SOCIETY) - RTX11W3A

Lusa (File photo) / A view of Maputo city

The Mozambican government has announced the creation of the Agency for Investment and Export Promotion (Apiex) from the merger of three institutions promoting trade and exports.

Speaking at a press conference after the weekly meeting of the Council of Ministers, cabinet spokesman and Deputy Minister of Health Mouzinho Saide said that the Investment Promotion Centre (CPI), the Office for Economic Accelerated Development Zones (Gazeda) and Export Promotion Institute (IPEX) had been dissolved.

“Apiex will promote and facilitate investment, bringing together the promotion of public and private investment and exports,” Saide said.

The creation of the new entity aims to boost the business environment, optimise resources and create greater synergies in areas that impact the country’s economy.

Saide said that Apiex would take on 60 of the 160 staff at the institutions it replaces, with the remainder transferred to other state entities.

Source: Lusa