Mozambique: Shortage of foreign currency undermines productive sectors – CTA | AIM report
A Bola (File photo) / For illustration purposes only
The mining and hydrocarbons (gas and oil) sectors dominate the business mission which accompanies President Nyusi on his official visit to the Netherlands today.
Mozambique plans to become one of the world’s natural gas exporting powers in the next decade – starting in 2023 according to the latest investor forecasts – in what is seen as the best hope for the country to no longer be listed among the poorest of the planet.
The Netherlands is an ideal destination to prepare the future, the Confederation of Economic Associations of Mozambique (CTA), which has helped organise the trip, says.
“More than 50 entrepreneurs” are accompanying the president, and “the mining and hydrocarbons sector dominates the mission, with 13 businesspeople seeking Dutch partnership and experience in this area,” Prakash Prehlad, vice president of the CTA, said.
“We need to look for more partnerships so as to bring more investment into the country, thus promoting more employment. This is how we can make our economy more robust and overcome the problems the country faces.”
The entrepreneurs will attend a Netherlands-Mozambique business forum in The Hague tomorrow, Thursday, and bilateral meetings and business visits are also planned.
The agriculture, livestock, construction, tourism, banking, communication, transportation and logistics sectors are also represented in the president’s business entourage.
President Nyusi will be received by King Willem-Alexander and will hold official talks with Prime Minister Mark Rutte on Friday, the last day of the official visit, according to the detailed program released by the Dutch.
The three-day will also allow time for meetings on other topics. The Mozambican head of state will meet representatives of Dutch non-governmental organizations working in Mozambique on Thursday, and on Friday, President Nyusi has a meeting with Queen Máxima of the Netherlands, in her capacity as special adviser to the Secretary-General of the United Nations on Inclusive Financing for Development.
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