Mozambique: PM opens economic workshop on industrialisation – Watch

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Mozambique: PM opens economic workshop on industrialisation – Watch

7:12 CAT | 19 Apr 2021

Photo: TVM

Mozambican Prime Minister Carlos Agostinho do Rosario on Monday opened in Maputo an economic workshop on industrialisation, a platform for stakeholders such as researchers, analysts, and policymakers to share experiences to improve the country’s National Industrialisation Strategy.

In his opening speech, Rosario said industrialisation remains among the government’s priorities in order to boost domestic production, substitute imports and promote economic diversification.

“This is how we have been conceiving and implementing economic policy initiatives intended to develop value chains in different sectors of the economy, mainly in agriculture, fisheries, mineral resources and forestry,” he added.

Through the promotion of industrialisation, the Prime Minister said, the government wants to create the appropriate conditions for an increase in the production of high value manufactured products and wean the country away from its dependence on the production of primary products.

“Industrialisation also provides an opportunity to increase the export of manufactured products and to substitute imports, thus reducing the outflow of foreign exchange,” Rosario stressed. He was hopeful that the strategy will enhance the processing of local natural resources, and generate more job opportunities and income, particularly for young people and women.

In order to streamline industrialisation, the prime-minister said the government will continue to promote public-private partnerships, including in relevant areas such as investment in human capital, logistics infrastructures and better access to good quality energy.

Rosario said that, through public investment, the government intends to reduce production costs and promote connectivity among the various markets, thus contributing to better competitiveness of the industrial sector.

The prime minister stressed that the implementation of the Public Service Reform Strategy is another field that will remain under the spotlight. “We want to continue improving service provision, and simplifying procedures for the business sector in the procedure for investment projects.”