Mozambique-Switzerland: Nyusi urges entrepreneurs to create development partnerships

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Mozambique-Switzerland: Nyusi urges entrepreneurs to create development partnerships

3:44 CAT | 28 Feb 2018

In file CoM

President Filipe Nyusi called on national businessmen yesterday in Switzerland to profit from the excellent diplomatic relations between the governments of Mozambique and that European country to forge tangible partnerships with an impact on development.

According to the Mozambican head of state, political and diplomatic relations, no matter how good they may be, will only show their true value if they foster economic and business cooperation that benefit the lives of citizens.

“As a government, we are aware that there are still many obstacles that constrain the normal flow of investment to our mother country. We have therefore committed to introducing structural reforms to create conditions for the flowering of business in the country,” he said.

The president was speaking in Geneva on Tuesday at the opening of the Mozambique-Switzerland Business Forum attended by more than 40 national businessmen and promoted by the Confederation of Economic Associations.

The president further promised that the government would continue to introduce business-friendly reforms, simplifying business, improving economic competitiveness and removing market barriers to entry. At the same time, he encouraged Swiss entrepreneurs in the industrial and service sectors to bring about positive changes in the lives of Mozambicans, taking advantage, for example, of the huge Mozambican market for agro-industry, transport and logistics, oil and gas, water management infrastructure, and in tourism and other sectors.

Switzerland is currently the sixth largest direct investor in Mozambique, after being in 14th place for three years. President Nyusi welcomed this, recalling that “when we assumed the destiny of the state in 2015 as head of state, the Swiss Federation was 14th among the countries investing in Mozambique, with just under six million US dollars. Today, we are pleased to note that Switzerland is among the 10 countries with the highest foreign direct investment in our country, occupying sixth position, with more than 19.6 million US dollars in 2017”.

Over the past five years, 22 projects in the areas of construction, industry, services and agriculture involving Swiss private investors have been approved, worth over US$ 1 billion and with the potential to create more than 5,000 jobs.

By: DAMIÃO TRAPE, from AIM

Source: Notícias