Mozambique prepares to host US/Africa Business Summit

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Mozambique prepares to host US/Africa Business Summit

1:21 CAT | 28 Jan 2019

Picture: TVM

Mozambican Prime Minister Carlos Agostinho do Rosario on Friday launched the 12th United States-Africa Business Summit, which will be held in Maputo from 18 to 22 June.

Speaking at the launch event, Rosario said the US Corporate Council on Africa and the Confederation of Business Associations of Mozambique (CTA) are working closely with the government to ensure the success of the summit.

“We shall host this event at a time when the country is taking firm steps towards a definitive and lasting peace, which is the fundamental condition for improving the business climate and promoting socio-economic development”, declared the Prime Minister.

Mozambique, he added, “is consolidating its macro-economic stability, expressed in low annual inflation, which was just 3.5 per cent in December, and also in the stability of the metical against the main foreign currencies”.

“This macro-economic stability rests on continual improvement in production and productivity, arising fundamentally from our banking on agriculture, energy, tourism and infrastructures as the focal areas for diversifying and stimulating our economy”, he said.

“Advances in the peace process, in the economy and in the business environment are helping strengthen the trust that investors and cooperation partners deposit in our country”, claimed Rosario.

He said that the choice of Mozambique to host the summit “bears witness to the increasing partnership between our country and the Corporate Council on Africa”.

Holding the summit in Maputo “will be an unequalled opportunity for our country to promote its image as a secure and preferential destination for investment”. It was also a chance “for us to expose the potential existing in our country in such sectors as agriculture and agribusiness, energy, health, finance, tourism and information and communication technologies”.

The summit would be a challenge for Mozambican businesses, he said, which “must be prepared to meet the demand for goods and services, including accommodation, transport, food and entertainment”.

Source: AIM