Nyusi calls on British business community to invest in Mozambique

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Nyusi calls on British business community to invest in Mozambique

2:59 CAT | 21 Jan 2020

Photo: Rádio Moçambique

The President of the Republic, Filipe Nyusi, has invited British businessmen to invest in Mozambique.

The Mozambican Head of State made the call in the framework of the first United Kingdom – Africa Investment Summit in London on Monday, during a panel discussion on ‘African Growth Opportunities’.

President Nyusi underlined that foreign direct investment in the country had been critical to leveraging the economy in the last five years, and advocated for social justice, as a way of ensuring that Mozambique’s wealth benefited its citizens above all.

“Social justice means that the goods and wealth which exist in Mozambique must benefit Mozambicans first. We want more jobs for Mozambicans. That’s one way Mozambique can benefit: work, work and work. We are giving special focus to technical and professional training, giving our population the knowledge so that, when foreign investment arrives in Mozambique, in different areas, it can employ more than 90 percent nationals. We have the gas projects which are in Mozambique, they are there. We are working to have local content. When they bring in investments, tertiary work has to be carried out by Mozambicans,” he said.

For the High Commissioner of the United Kingdom in Mozambique, NneNne Iwuji-Eme, the UK-Africa Investment Summit is an opportunity for Mozambique to assert itself as a destination for British investments on the main stages of the world economy.

“Mozambique is part of the Commonwealth family, a group which, as our Prime Minister said, is a very strong family, with a lot of diversity and opportunities that we have to take advantage of, now that we are out of the European Union. We think that the connection between Brexit and the relationship with Africa is very positive, and a great opportunity, which we will pursue,” she said.

NneNne Iwuji-Eme stressed that the United Kingdom wanted to establish partnerships with African countries, including Mozambique.

More than 2,000 British companies operate in Africa, where investment is estimated at £36 billion (about €42 billion). It is the UK’s goal to increase this investment.

The UK-Africa Investment Summit was attended by 20 of the 54 African heads of state, including those of Mozambique, Uganda, Nigeria, Rwanda, the Democratic Republic of Congo, Ivory Coast, Egypt and Senegal.

In continuation of his visit to London, President Nyusi will today preside over another round table on Mozambique, with the spotlight this time on agriculture.

Source: Rádio Moçambique