Mozambique woos Portuguese investors

Login

Register

http://www.clubofmozambique.com/

Mozambique woos Portuguese investors

9:01 CAT | 07 Jul 2018

Photo: Noticias

Mozambican Minister of Economy and Finance, Adriano Maleiane has encouraged the Portuguese business community to take advantage of his country’s investment opportunities in diverse sectors of its economy.

Addressing Friday’s closing of the Third Summit of Mozambique and Portugal, which has been taking place in Maputo since Thursday, Maleiane pointed to agriculture, energy, tourism and infrastructure as areas capable of inducing rapid development.

“Mozambique also owns structuring projects that, excluding gas, we have about $20 billion in pipeline, which together with the potential$60 billion in gas we are talking about about $80 billion to explore”, Maleiane said.

He added: “Ten years from now, Mozambique can become a medium-growing country. It all depends on the investors”.

According to Maleiane, the Union of Portuguese and Mozambican business may play a leading role in providing services such as food supplies, accommodation and others.

According to the official, the indices of market behavior, employment, demand, transportation and inflation, after having low rates in 2016, are improving, especially in the first quarter of 2018, which demonstrates confidence in strengthening the national economy.

Maleiane said that Mozambique is exploring coal in Tete, Pande and Temane gas and the Rovuma basin, projects that with the creation of business partnerships for investment can bring gains for both countries.

Source: APA