The President of the Republic, Daniel Chapo, on Tuesday, April 28, invited Ethiopian business leaders to invest in strategic sectors in Mozambique, highlighting the wide range of opportunities available for both nations to develop.
The invitation was made during a business roundtable titled “Presidential Executive Breakfast: Investing in Mozambique”, held in Addis Ababa, the capital of the Federal Democratic Republic of Ethiopia, as part of a two-day official working visit by the head of state.
According to a statement, the high-level business meeting brought together leaders from major Ethiopian companies operating in sectors such as agro-industry, logistics and corridors, energy, manufacturing, telecommunications, and financial services.
According to a report by the Mozambique Information Agency, Daniel Chapo presented the country’s potential and reaffirmed its openness to new investments aimed at boosting development in both nations.
Also in Ethiopia, the two governments signed several memoranda of understanding to strengthen bilateral cooperation. The agreements cover a range of key sectors, including military training, urban development and housing, health, civil aviation and tourism, as well as digital transformation, with a focus on developing digital identity systems and public digital infrastructure.
On Monday, April 27, Daniel Chapo emphasized the need for Mozambique to leverage Ethiopia’s experience in strategic development areas, in order to strengthen economic and trade cooperation between the two countries and improve living conditions for their populations.
“Without a doubt, we will work together as brotherly nations. Our cooperation should not be limited to political and diplomatic ties, but also extend to economic and commercial collaboration, to develop our two countries and create better living conditions for our citizens,” the President said during a meeting with Ethiopian Prime Minister Abiy Ahmed.
On the occasion, Chapo noted that Ethiopia stands as a reference in Africa in areas such as infrastructure development, urban planning, civil aviation, artificial intelligence, and agriculture.
In the agricultural sector, he highlighted progress in food production, pointing to the country’s achievement of self-sufficiency as a relevant example for Mozambique. “It is also important to highlight Ethiopia’s experience in the areas of defense and security,” he added.
Source: Diário Económico
