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Government Invites Businessmen from CPLP to Invest in the Mozambican Market

Government Invites Businessmen from CPLP to Invest in the Mozambican Market

The government invites the businessmen from the Community of Portuguese Language Countries (CPLP) to invest in different areas in the Mozambican market, focusing on sectors that add value to the national economy.

Speaking yesterday, the second day of the first business summit of the CPLP Business Confederation, which has been held since Wednesday in Malabo, Equatorial Guinea, the national director for Support to the Development of the Private Sector, Mateus Matusse, said that from the Government’s point of view, only investment in processing products, technology transfer and increase in employment can ensure the balance of trade in the country.

In a panel that debated the theme “Investing in CPLP – Financing Lines”, Matusse, who was speaking on behalf of the Minister of Industry and Trade, Carlos Mesquita, said that “Mozambique’s expectation is that the Malabo summit contributes with constructive ideas to make trade flow more flexible and boost partnerships that may accelerate investments between the countries of the community”.

According to him, to facilitate the realization of investments in our country, the Mozambican government is carrying out deep legal reforms that will culminate with an improved environment for the development of the national private sector, the main partner of the Executive and generator of employment in the economy.

“Some of the profound reforms underway include the revision of the Investment Law, the Commercial Code, Labor Law, Port Law, and the Electricity Law. These are priorities that are aligned with the initiatives of the CPLP, highlighting in these agriculture, industry, food processing, tourism, and hospitality,” he stressed.

Mateus Mausse also assured that despite the Covid-19 pandemic, the Mozambican Government has continued to verify investment initiatives in the country. For example, in the first quarter of the current year, the country approved projects worth a total of 206 million US dollars, which could create 3,066 jobs.

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