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AfDB and Government Strengthen Partnership to Boost Infrastructure Development

AfDB and Government Strengthen Partnership to Boost Infrastructure Development

The African Development Bank (AfDB) and Mozambique recently strengthened – during a working visit to the country by the organisation’s Vice-President for the Private Sector, Solomon Quaynor – their partnership to boost infrastructure development and stimulate regional trade.

According to a publication shared on Thursday (21), the visit took place between 12 and 15 March, where, accompanied by the AfDB’s national representative in Mozambique, Cesar Mba Abogo, Solomon Quaynor met with members of the government – the ministers of Economy and Finance, Max Tonela, Transport and Communication, Mateus Magala, and Industry and Trade, Silvino Moreno.

“The discussions revolved around the support that the ADB has made available to develop the private sector and the industrialisation projects that are underway in the Maputo, Beira and Nacala economic corridors, which have the potential to unlock economic opportunities and boost regional trade,” said the publication.

In his speech, Max Tonela recognised that fragile factors such as climate change and security threats remain a concern, stressing that partnerships with development institutions are crucial and that the Executive is determined to promote inclusive and green growth.

“We are encouraged by Mozambique’s economic prospects. The resilience our nation has shown in the face of severe shocks is a testament to the strength and determination of our people,” he said.

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For his part, the vice-president of the AfDB said that “the country’s resilience is a strong indicator of the leadership role it is demonstrating and that it is ready to guarantee the supply of green energy, as well as carry out the construction of climate-resilient economic corridors to benefit domestic and regional markets”.

During his stay, the official also held consultation meetings with other stakeholders involved in the country’s economy, including the Mozambican Banking Association, the Cahora Bassa Hydroelectric Plant, Portos e Caminhos-de-Ferro de Moçambique, the Maputo Port Development Company, the Confederation of Economic Associations, Moz Parks and the Export Trading Group.

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