Mozambican businesspeople warn that lack of foreign currency is threatening airlines
Mozambique to approve US$9 billion worth of projects by year end
7:06 CAT | 05 Jul 2017
Mozambique’s newly-created Investment and Export Promotion Agency (Apiex) says it plans to approve investment projects estimated at US$9 billion by the end of the year, APA learned on Tuesday. Apiex is the result of the merger of three institutions namely, the now defunct Investment Promotion Centre (CPI), the Office of Economic Zones for Accelerated Development (Gazeda) and the Institute for the Promotion of Exports (Ipex).
The creation of the new entity aims to boost the business environment, optimise resources and create greater synergies in areas that impact the country’s economy.
Installing the head of the agency, its director-general Lourenço Sambo, Prime Minister Carlos Agostinho do Rosário hoped the new institution would be able to increase the amount of foreign direct investment, as well as expand and diversify the country’s exports.
The Prime Minister also stressed the importance of promoting public-private partnerships as a means of supporting the country’s economic development, as well as ensuring the attractiveness, promotion and retention of domestic and foreign investment.
“Apiex will promote and facilitate investment, bringing together the promotion of public and private investment and exports,” Do Rosario said.
Source: APA
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