The Minister of Industry and Trade, Silvino Moreno, called on the Mozambican business community to prioritise local production as a way of stimulating the development of the economy and strengthening the industrial sector.
Speaking during a networking meeting on the subject of “Aggregate Demand and Local Production”, he stressed that the private sector must work to achieve positive results that influence Mozambican industrial reform, given that the country once had industries operating in various segments that fuelled the national and international value chain.
“Industry must be looked at with the utmost attention, as it is fundamental to national development. In order to give it greater stimulus, the Executive has already begun discussions to create a fund for entrepreneurs in this area,” he said in a statement.
Taking part in the event, the vice-president of the Industrial Association of Mozambique (AIMO), Mubarak Abdulrazac, emphasised that in order for the industrial sector to grow and prosper, it is crucial to focus on three pillars: financing, attracting investment and holding events, such as trade fairs.
According to the document, in addition to the government and AIMO, the meeting was attended by representatives of various organisations, such as Sasol, Mozal, Kenmare and Technip Energies.
In its presentation, Sasol mentioned that, during the 2023 financial year, it had exceeded its targets with the Local Content component, especially with companies with Mozambican share capital, estimated at 82 per cent.
Kenmare said that it works mainly with national suppliers, who are mainly based in Nampula province. “We are currently promoting actions to register companies and supporting the installation of a replica of the Beluluane Industrial Park in Topuito, Nampula.”
The event took place on 7 March in Maputo and was organised by the Industrial Association of Mozambique in partnership with petrochemical company Sasol, through the Mozindus initiative.
