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Between January and September, Mozambique Received Investment Projects Valued at US$1.7 billion

Between January and September, Mozambique Received Investment Projects Valued at US$1.7 billion

The Mozambican economy received from January to September 2022 a total of 160 new investment projects valued at US$1.7 billion. The information was shared on Wednesday, 16 November, by the Minister of Industry and Trade, Silvino Moreno, who was speaking in Parliament during a session of questions to the government.

According to the minister, most of these investment projects are in agriculture, banking, construction, industry, transport and communications, energy, hotels and tourism and also in the services area, spread across all the provinces.

For the governor, the approval of those projects proves that in Mozambique there is no absence of business environment. “This is an unequivocal sign that the economy is growing and continues to be attractive for new investments, thanks to its good business environment,” he said.

In relation to the cost of living in the country, the minister said that the solution to the problem was to increase production, which is something that is happening with the implementation of the Sustenta Programme.

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For the initiative to effectively contribute to reducing the price of food products, Moreno acknowledged that the government “needs to implement a distribution network, warehouses, shops and other functional facilities across the country to allow the flow of production from one province to another and its sale at competitive prices.

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