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Development Finance in Mozambique: Gapi’s 30th Anniversary
12:30 CAT | 02 Mar 2020
Photo: A Verdade
A set of technical and financial assistance programmes focusing on agribusiness and linked to industrialisation and innovation, projects to support young people and women entrepreneurs, as well as debates on topics related to development finance will mark Gapi’s 30th anniversary, according to a resolution by its Board of Directors taken last week .
Events start in Zambézia this week, and will extend to the whole country over the course of the year.
Gapi’s 30th anniversary takes place on 1 March when, on this day in 1990, the Banco Popular de Desenvolvimento (BPD) and the Friedrich Ebert Foundation (FFE) formalised the creation of a Mozambican company dedicated to promoting Mozambique’s domestic private sector, and small businesses in particular. Gapi Limitada was created, and has ever since been a vehicle for the activities of the Small Industry Support and Consultancy Office supported by the Government of the Federal Republic of Germany since 1985.
Gapi’s articles of incorporation were signed by Wolfgang Stiebens on behalf of the Federal Republic of Germany and by Hermenegildo Gamito, who was at the time the chairman of the board of the BPD, representing Mozambique. Gamito said at the time that the BDP “made a commitment to support the creation of this institution, because Mozambique needs an organisation specialised in financing and advising small companies which can thereby grow and actively participate in the transformation of a centrally planned economy into a new conjuncture characterized by a market economy”.
Gapi has established itself and continues its activities, bringing together public and private interests and intervening with a holistic methodology that combines financial services, technical assistance and support for the development of relevant organizations to leverage the businesses of micro and small companies.
In the process of updating its 2020-2025 strategy, Gapi structured its priorities in line with the main challenges for a more inclusive economic and social development as described in the plans of the Mozambican government, multilateral development financial institutions, and academic and civil society.
“Firstly, to mobilize and invest resources in investments that generate jobs, and, secondly. to improve the competitiveness of strategic productive sectors for the harmonious development of rural communities” are two of the five priorities that will be reflected in the activities included in the 30th anniversary programme.
Continental and regional organisations focused on promoting more inclusive financial systems in Africa have expressed an interest in participating in the Gapi celebrations, with the aim of promoting greater understanding and better implementation of financial instruments for inclusive social and economic development. An international conference on the theme of development finance is therefore being arranged to take place at the culmination of the programme in Maputo, with the participation of other international institutions involved in the sector.
Source: A Verdade
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