Mozambique: International reserves grow in December after two months of falls
Look: Rwanda, Mozambique ink trade, investment pact in Kigali – The New Times
11:39 CAT | 08 Oct 2021
Photo: Twitter /@RDBrwanda
Rwanda and Mozambique have signed an agreement that will boost their economic development through trade and investment activities, The New Times Rwanda reported on Wednesday (October 6).
The two countries through their respective institutions in charge of development, Rwanda Development Board (RDB) and APIEX of Mozambique signed a Memorandum of Understanding (MoU) on October 6.
According to Zephanie Niyonkuru, Deputy Chief Executive at RDB, the signed MoU is expected to facilitate private sectors to implement different investment projects in both countries.
Some of the highlighted potential areas of interest include Agriculture and Agro-processing, infrastructure, energy, and tourism among others.
He also said that Mozambique being a country that has direct access to an ocean and borders five countries, for instance, is an opportunity for industrial companies to explore such factors in terms of products and larger market.
Gil Bires, Director General at APIEX said that beyond excellent diplomatic relations, they want to extend it to other fields especially business and trade in general.
“In the agriculture sector, we can bring our investors to establish partnership here, producing for export, remember that we are part of SADC (South Africa Development Community) and those who want to invest in Mozambique must have a regional perspective,” he said.
Today at Urugwiro Village, President Kagame also received a delegation from Mozambique led by Hon. Carlos Mesquita, Minister of Industry and Commerce who brought a message from President Nyusi. The meeting discussed key areas of cooperation between the two countries. pic.twitter.com/nvDu6YpHfi
— Presidency | Rwanda (@UrugwiroVillage) October 7, 2021
PHOTOS:
This Thursday, President #Kagame received a delegation from Mozambique led by Carlos Mesquita, Minister of Industry and Commerce who brought a message from President #Nyusi. The meeting discussed key areas of cooperation between the two countries.📸: @UrugwiroVillage pic.twitter.com/jgs9WbkfVm
— Rwanda Broadcasting Agency (RBA) (@rbarwanda) October 7, 2021
Adding that Rwandan investors can explore business opportunities that are available and enjoy incentives provided to foreign direct investment.
“According to our legislation, we treat all investors equally. It means that the guarantees and incentives that we provide to local investors are also available to foreign investors,” said Bires.
The Mozambican delegation is set to meet Rwanda Private Sector Federation (PSF) to discuss areas of mutual interests and the required processes for investment.
A Rwandan delegation is scheduled to visit Mozambique in the near future to explore business prospects.
The Rwanda Development Board has signed a collaborative Memorandum of Understanding with the Investment and Export Promotion Agency (APIEX) of Mozambique to attract, promote and facilitate investments in the two countries.#InvestInRwanda 🇷🇼 pic.twitter.com/JGEu1EhWQY
— Rwanda Development Board (@RDBrwanda) October 6, 2021
Ease of logistics
Niyonkuru said that they are in discussions with RwandAir to have a direct flight to Mozambique to facilitate transport and logistics concerns for investors.
“We believe that once we have an airline that will be flying between Kigali and Maputo or any other city in Mozambique, that’s going to leap the trade in terms of having direct flights,” he said.
Currently, people who want to go to Mozambique have to pass through Johannesburg or Addis Ababa.
‘Safety of investors’
Bires said that despite the insurgency in the northern part of the country, the rest of the region is conducive for investments.
“Those that will come to invest in Mozambique will benefit from the legal framework that we have for foreign direct investment. It’s a safe country and a safe market,” he said.
In the past two weeks, President Paul Kagame had a working visit in Mozambique where he tasked the Rwandan deployed forces to continue rebuilding and protecting the country.
Rwanda deployed around 1000 troops and police in Cabo Delgado Province in north-eastern Mozambique, which in collaboration with Mozambican Armed Defence Forces (FADM), have succeeded in liberating several key towns from terrorist groups.
By Alice Kagina
Growing momentum between #Rwanda & #Mozambique.
Agreements to facilitate immigration & air transport underway after yesterday’s agreement between @RDBrwanda & AIPEX to facilitate investment in agro-processing, mining, tourism, healthcare & real estate.https://t.co/sFiSzfykSf
— Julius Bizimungu🇷🇼 (@Julio_Bizimungu) October 7, 2021
Happening now: @RwandaGov receives a government delegation from Mozambique at RDB. They are in the country to explore areas of partnership in trade and investment in the agro-processing, tourism, healthcare, mining, and real estate sectors among others.#InvestinRwanda 🇷🇼 pic.twitter.com/0UTt6t3jYJ
— Rwanda Development Board (@RDBrwanda) October 6, 2021
“We’re happy to expand our cooperation with APIEX especially when it comes to facilitating members of the private sector to trade and invest.”
🎥 Watch this week’s MoU signing between RDB and the Investment and Export Promotion Agency (APIEX) of Mozambique. #InvestInRwanda 🇷🇼 pic.twitter.com/H9AFDTrSOv
— Rwanda Development Board (@RDBrwanda) October 8, 2021
This morning RDB together with @PSF_Rwanda members and other @RwandaGov officials held a breakfast session with the delegation from Mozambique to discuss business and investment opportunities in both countries.#InvestInRwanda 🇷🇼 pic.twitter.com/vj9DWQSV4g
— Rwanda Development Board (@RDBrwanda) October 7, 2021
Source: The New Times Rwanda
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