Ecobank exits Mozambique, sells stake to Malawi’s FDH Bank
Mozambican economy alive and well – Nyusi
2:23 CAT | 22 Aug 2019
Photos: Presidencia da Republica de Moçambique
Mozambique’s economy is alive and well, judging by the volume of investments currently flowing in various sectors.
Such was the guarantee given yesterday in Moscow by the President of the Republic, Filipe Nyusi, at the opening of the First Mozambique-Russia Business Forum, where Mozambique’s head of state invited Russian businesspeople to invest in our country.
The forum was organised as part of the state visit by President Filipe Nyusi to the Russian Federation, and provided an opportunity for the president to look at the development potential of Mozambique as a whole.
In addition to agriculture, livestock, tourism, infrastructure and others, the head of state also cited natural gas and heavy sands as sectors making Mozambique an attractive investment destination.
By way of example, the president noted that Mozambique has vast areas suitable for agriculture and, moreover, brings together a number of factors relevant to the activity.
“Our challenge is to make agriculture stronger and stronger,” he said, including livestock in his overview, along with adequate land for this and other related activities.
Speaking specifically about the economy, the President of the Republic stated that the dynamics of trade between Mozambique and Russia had been positive, with bilateral trade increasing by 25 percent in 2018 compared to the same period last year.
These figures were positive, he said, given the long period of stagnation in trade relations between the two countries, which had resulted from various factors.
Filipe Nyusi said that he would do his best to pursue the best strategies to improve the business environment in Mozambique, with the help of the business sector of the Russian Federation.
The idea, he said, was to turn long-standing political-military relations between the two countries to economic advantage.
The Russian Chamber of Commerce has taken up the challenge laid down by the President of the Republic, yesterday signing a memorandum of understanding with the CTA about speeding up procedures for establishing investment partnerships.
During the Business Forum, Russia also committed to do its utmost to reactivate trade relations, not only with Mozambique but with the entire African continent. One example of this is the scheduling in October of a Russia-Africa Summit in the city of Sochi.
Before the opening of the business forum yesterday the President of the Republic he laid a wreath on the Tomb of the Unknown Soldier in Red Square, and visited the mausoleum holding the remains of Lenin and other national heroes.
Today, the head of state will be welcomed to the Kremlin by his counterpart Vladimir Putin, for official talks.
Source: Noticias
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