Mozambique: Boosting national industry to reduce imports

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Mozambique: Boosting national industry to reduce imports

12:56 CAT | 02 Sep 2024

Photo: MIREME

Mozambique’s Prime Minister, Adriano Maleiane, said on Saturday that national companies’ commitment to the manufacturing industry has contributed to reducing imports, recognising the “resilience” of the country’s factories

“The increase in production, increasingly using national raw materials, is contributing to the reduction of imports, as well as to the creation of more jobs and income for the Mozambican population, especially young people and women,” Prime Minister Maleiane said.

The prime minister was speaking at the closing ceremony of the 59th Maputo International Fair (FACIM), the largest exhibition of goods and services in Mozambique.

“The quality and diversity of the services and goods exhibited in this edition of FACIM demonstrate that we are on the right path towards the industrialization of our country,” he declared.

The country’s capacity to transform raw materials and produce goods and equipment is a major boost to social and economic growth and development, Maleiane added.

“We encourage national exhibitors, especially micro, small and medium-sized companies, to continue improving production processes and investing in innovation, new technologies and certification, as part of the industrialization process and diversification of our country’s economy,” Maleiane said.

The Mozambican prime minister acknowledged the resilience, entrepreneurship, innovation and efforts of national businesses to invest in increasing production and productivity, as well as in the diversification of locally produced services and goods.

“This fact is evidenced by the quantity and quality of locally processed products, including the aspect related to attractive packaging and certification, to facilitate the internationalisation of goods produced in Mozambique,” he stressed.

FACIM was attended by 26 countries and sported 3,300 exhibitors, including 2,300 Mozambican companies and 750 foreign companies, according to data from the Ministry of Industry and Commerce, which is promoting the exhibition.

It is estimated that around 65,000 people visited the fair.

In addition to the exhibition, the event also featured thematic seminars and business forums presenting opportunities in various economic sectors.

This year’s edition of FACIM was held under the motto: “Industrialization: Innovation and Diversification of the National Economy”.

Source: Lusa