US businessmen expected to be biggest investors in Mozambique

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US businessmen expected to be biggest investors in Mozambique

2:00 CAT | 20 Dec 2018

Dean Pittman, US Ambassador to Maputo

US businessmen are expected to be the largest investors in Mozambique in the coming years the outgoing United States ambassador Dean Pittman announced after saying his goodbyes to the President Nyusi.

Ambassador Pittman arrived in Maputo at the beginning of 2016, and after nearly three years returned to the presidency to bid farewell to Filipe Nyusi.

After the meeting, the United States ambassador noted that his country makes available about 500 million meticais annually to finance projects in various sectors – principally education, health and agriculture.

But as well as being the country’s largest donor, the United States also intends to become its largest investor.

In this, the United States faces competition from China, a power of which Washington has been harshly critical. But Ambassador Pittman said he hoped contracts with China would be beneficial to African countries.

During his stay in Maputo, Ambassador Pittman has been involved in the peace process and, at the time of his farewell, the American diplomat acknowledged that this was a difficult process, requiring the parties’ full trust for negotiations to be successful.

Source: O País