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China Invested Around US$1B in Mozambique Over the Past Five Years

China Invested Around US$1B in Mozambique Over the Past Five Years

The Mozambican government, via the Ministry of Industry and Trade, revealed on Monday (15) in Maputo that over the last five years China has invested about US$1 billion in the country, in strategic and priority areas, particularly in the infrastructure sector.

“China has been investing in the country in strategic and priority areas, namely agriculture, mineral resources, transport and communications, tourism and industry. In the last five years it has been among the countries with the biggest foreign direct investment in Mozambique, with a value of around US$1 billion,” the Minister for Industry and Trade, Silvino Moreno explained.

Speaking during a ceremony to promote the 3rd China-Africa Economic and Trade Exhibition, which will be held between 29 June and 2 July, in Wuhan, and in which Mozambique will take part, Silvino Moreno said the country should further expand its access to international markets in order to facilitate exports.

“Our participation as a partner country signals the importance of economic and trade relations between the two nations. The government has been building an attractive environment and climate for investment through a portfolio of structural reforms, of which the revision of the investment law stands out,” he said.

In its turn, the Mozambican Chamber of Commerce (CCM) called on Mozambican businesspeople, from the public and private sectors, to take part in the international exhibition, adding that it would be a unique moment to showcase national products to the world.

“It will also be a moment to strengthen our partnership in the sectors of industry, agro-processing, mineral resources, energy, infrastructure, fintech, construction and tourism,” explained Yolanda Fernandes, vice president of CCM.

The focus, she said, is the search for joint work strategies, in order to increase exports of value-added products in various sectors of our economy, with emphasis on agriculture and mineral resources.

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