The government has called for accelerating structural reforms capable of reducing financing costs across the African continent, arguing that capital scarcity is worsened by high levels of uncertainty that continue to deter investors and limit development financing.
According to an official statement, the position was presented last week in Brazzaville, Republic of the Congo, during meetings of the Board of Governors of the African Development Bank (AfDB), by Maria Esperança Mateus Majimeja, Monetary Stability Administrator at the Bank of Mozambique. She represented Finance Minister Carla Loveira and Mozambique’s Governor to the African Development Bank Group, Rogério Zandamela.
In her remarks, she stressed that the continent’s main challenge is no longer simply a lack of financial resources, but the high cost of accessing capital.
“Africa no longer suffers only from a lack of capital. Above all, it suffers from the high cost of financing, which keeps capital expensive and scarce,” she said.
To address this challenge, Mozambique presented three priority measures aimed at improving the economic environment and strengthening investor confidence.
The first is reducing regulatory fragmentation among African countries and accelerating reforms that promote greater predictability, transparency, and legal certainty for private investment.
The second involves strengthening the role of the African Development Bank in risk mitigation, through expanded guarantee instruments, support for high social-impact projects, and the creation of regional platforms to reduce the continent’s risk premium.
The third measure focuses on deepening national and regional financial markets in order to mobilise African savings to finance Africa’s own development.
Mozambique also called for faster implementation of AfDB operations, arguing that the continent needs not only well-designed strategies but also rapid execution, bankable projects, and clear signals that strengthen international market confidence.
Regarding the New African Development Architecture (NAFAD), the country argued that the initiative’s initial phase should prioritise a practical, simple, and results-oriented approach, stressing that its success will largely depend on political commitment from African states.
On youth employment and financing for micro, small, and medium-sized enterprises, Mozambique advocated integrated models combining applied technical training, access to finance, and market integration.
The government also encouraged the African Development Bank to support the transition from pilot programmes to large-scale continental platforms, particularly in agro-industry, logistics, digital connectivity, and energy, in close collaboration with governments and the private sector.
Source: Diário Económico
