Mozambique: Wounds, latent tension mark 50 years of independence - CC President
Nyusi and Rebelo de Sousa discuss investment
7:30 CAT | 15 Jan 2020
e-GLobal
Mozambican President Filipe Nyusi on Tuesday met in Maputo with his Portuguese counterpart, Marcelo Rebelo de Sousa, to discuss a variety of matters, particular Portuguese private investment in Mozambique.
Rebelo de Sousa is one of the foreign heads of state invited to attend the investiture of Nyusi on Wednesday for his second five year term of office, and the Portuguese President has opted to combine this with a five day official visit.
At their meeting, Nyusi and Rebelo de Sousa reviewed the state of relations between Mozambique and Portugal and the political and economic situation of Mozambique.
Speaking to reporters at the end of the meeting, Nyusi said discussion about Portuguese private investment was inevitable, especially since a new cycle of governance will begin with Nyusi’s investiture.
It was not enough just to be good friends, he said, and actions needed to be taken to capitalize on the good relations between Mozambique and Portugal. It was the private sector, he added, which had to capture and embrace foreign investment opportunities, particularly because of its key role in job creation and generating revenue for the national economy.
“We need to work. Portuguese companies will enjoy priority”, said Nyusi, adding that, thanks to the invitations he had issued, many Portuguese business people who wish to invest in Mozambique will attend the investiture ceremony.
Rebelo de Sousa believed that political and economic factors in Mozambique favour foreign, and particularly Portuguese investment. He thought the key political factor was the pacification of the country, following the peace agreement signed on 6 August between Nyusi and Ossufo Momade, leader of the main opposition party, Renamo.
“Economically, the data on the Mozambican economy are evolving favourably”, he added. “Not only are the indicators better than they were previously, but international recognition from the rating agencies, the financial markets and the international institutions give Mozambique a classification that will greatly influence foreign investment”.
“Investors look at these classifications and the improvement in the indicators, and say: here’s another reason to increase our investment in Mozambique”, he claimed.
“Naturally, Portugal is already a veteran in these investments”, said Rebelo de Sousa. “But even veterans can be rejuvenated. They can find new leads and new forms of investment. What is important is that this private investment arrives in the Mozambican economy in the coming years”.
Source: AIM
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