“We will make Maputo a preferred destination for both domestic and foreign private investment” – Mayor

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“We will make Maputo a preferred destination for both domestic and foreign private investment” – Mayor

2:38 CAT | 13 Mar 2019

File photo: Macauhub

The XVI Annual Private Sector Conference (CASP) kicked off today under the motto “Improving the business environment to boost economic recovery: Agribusiness as accelerator”, Maputo Mayor Eneas Comiche delivering the welcome address to participants.

In his speech, Comiche said that he intended to make Maputo a preferred destination for domestic and foreign private investment, to support SMEs, to publicise business opportunities and promote private sector participation in municipal tenders.

“We propose to encourage the establishment of a municipal centre to promote entrepreneurial women and continue to strengthen public-private partnerships at local level,” Comiche said.

The president of the Municipal Council added that the government would promote the creation of technology parks, facilitate the establishment of new companies and simplify procedures for the attribution of land use titles in industrial areas.

Support for the association of farmers and fishermen in access to technical and financial resources is part of the increasing production and productivity objectives set by the mayor.

“We will also promote the creation of associations of informal traders such as fruit, shoe polishers, car polishers, credit sellers, encouraging and supporting their formalisation,” he said.

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Comiche challenged entrepreneurs to design projects to turn KaTembe into a centre of social, economic, industrial and tourism development.

Speaking next, Agostinho Vuma, president of the Confederation of Economic Associations of Mozambique (CTA), said that Mozambique had the potential to develop of agriculture and agribusiness, since agriculture is the country’s main economic activity, with a weighting of 23 percent, and employs more than two thirds of the working population.

Vuma also highlighted the tourism sector, saying that “Mozambique is progressively becoming an increasingly dynamic and attractive destination, absorbing more than US$600 million thanks to its favourable natural conditions”.

The president of CTA said that Mozambique had the potential to become a major producer of electricity in Africa, as it has abundant natural resources such as gas and coal.

“Gas and mineral coal take precedence, with potential gas reserves estimated at over 200 trillion cubic feet and coal deposits of around 20 billion metric tons, putting the country on track to become one of the largest producers of these resources,” Vuma said.

By Hélia Chopo

Source: O País