President Nyusi attends Italy-Mozambique Business Forum in Rome

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President Nyusi attends Italy-Mozambique Business Forum in Rome

3:40 CAT | 09 Jul 2019

Picture: @Exportiamo

“The presence of President Filipe Nyusi here in Rome comes to underline the historical ties between Italy and Mozambique, marked by fundamental steps for the Mozambican peace process and from which the conditions for favouring the economic development of Mozambique, which feed thus a virtuous circle to improve the living conditions of the respective nations.”

With these words, the president of Confindustria, Vincenzo Boccia, today (July 9) opened the proceedings of the Italy-Mozambique Business Forum in Rome.

Before an audience made up of entrepreneurs and representatives of Italian institutions, members of the Mozambique delegation and representatives of more than 50 local companies in a crowded Pininfarina Hall in the Confindustria Nazionale headquarters, Boccia welcomed President Nyusi, the Italian minister Foreign Affairs Enzo Moavero Milanesi, the CEO of Eni Claudio Descalzi and the president of the Mozambican business association CTA, Agostinho Vuma.

“The model proposed by Italian companies, and strongly supported by Confindustria, is that of co-development, and aims at a win-win approach to favour the transfer of technologies and skills as well as the growth of local businesses. In short, the Italian model is a model that has the courage to put people at its centre,” Boccia added.

Today’s forum at Confindustria is the occasion for the signing of an agreement between the Mozambican CTA and the Italian mining and oil industry association (Assomineraria) with the aim of mobilising funds to support partnerships between Italian and Mozambican companies in the oil and gas industry, while at least 75 B2B [business to business]meetings are scheduled to discuss synergies and possible joint ventures.

“We are here to promote fruitful cooperation between the companies of our two countries,” president of the Mozambican CTA, Agostinho Vuma, said, “and support greater collaboration, especially in the financial sphere, to favour the development of the Mozambican banking sector, which is immensely necessary to support the growth of the main national production areas, from the oil and gas to the manufacturing industry, from the pharmaceutical sector to the infrastructure and construction sector.”

Vuma noted that Italy is already among the top ten investor countries in Mozambique, and established itself last year as the largest European investor there.

Claudio Descalzi, CEO of Eni, also spoke at the opening ceremony of the business forum, on the subject of the recent discoveries of natural gas by the Italian energy group off the coast of Mozambique.

“Eni’s discoveries in Mozambique are very important because they are based on innovative technologies and on the willingness to invest in emerging markets,” Descalzi said. “But we must stress that development cannot be driven only by oil and gas, and that is why, even before starting gas production in Mozambique, we have already begun to implement projects related to the health and education sector, water supplies and infrastructure for local communities ”.

Acabámos de rubricar um Acordo de Cooperação com a ASSOMINERARIA, com objectivo de mobilizar de fundos para financiar parcerias entre empresas italianas e moçambicanas na área de logística e fornecimento de bens para projectos de Oil&gas em Moçambique pic.twitter.com/D8178KL3ZE

— Agostinho Vuma (@VumaAgostinho) July 9, 2019