The Mozambique Chamber of Commerce (CCM) held this Wednesday, February 22, in Maputo, an open class at the Technical University of Mozambique (UDM) on the theme: “The role of the Chamber of Commerce in boosting the Mozambican economy against the risk arising from the international environment”.
At the time, the economic advisor of the Mozambique Chamber of Commerce, Hipólito Hamela, said that the institution is making efforts to mitigate the country’s external dependence through the exposure of business opportunities existing in the national territory to foreign investors, as well as identifying new markets for national business.
“CCM, in its strategic programme, started campaigns with businessmen of the Chamber to attract investors from other countries so that they help us produce more, because the more we produce the more jobs there will be for Mozambicans and, thus, we will be independent and autonomous in the food issue,” explained the official.
Speaking of the international conjuncture, Hipólito Hamela referred that “the covid-19 pandemic has devastated the world and destabilised international markets since January 2020, with real impact in Mozambique,” and also highlighted the fact that “the Russia-Ukraine war has created disturbances in world commodity markets, as both countries were major exporters of oil and gas, fertilisers and agricultural products. Commodity prices increased and severely affected several industries.”
The source acknowledged that the country still has a large external dependency in food, fuel and energy, but with this, he sees a window of opportunity for businesses.
“With the external dependence in food products, CCM intends to transform this deficit that exists in production into a business opportunity, such as technical assistance in agriculture, production and distribution of certified seeds, fertilizers, pesticides, credit and agricultural insurance.
