The Mozambican President, Daniel Chapo, revealed that the Nigerian private sector has shown interest in exploring the business opportunities that exist in Mozambique, emphasising that it intends to invest in the areas of logistics and fuel distribution.
In Addis Ababa, on the sidelines of the Summit of Heads of State and Government of the African Union, the president announced that he had held a meeting with Nigerian tycoon Aliko Dangote (one of the richest people in the world and in Africa according to Forbes magazine), during which they discussed the possibility of a business visit to the country to assess the business environment.
‘Dangote, who recently inaugurated one of the largest oil refineries in the world and the largest in Africa, expressed interest in exploring investment opportunities in the logistics and fuel distribution chain, taking advantage of the Maputo, Beira and Nacala corridors,’ said the President.
Chapo said that partnerships with the Nigerian business community will boost economic growth, contributing to job creation and the development of key sectors such as mineral resources, energy and transport.
‘We want to create jobs for our youth, especially women, and also boost our economy, creating well-being for all the Mozambican people,’ he said.
The head of state recalled that in order to speed up the implementation of strategic initiatives, the government has created the Office of Reforms and Strategic Projects at the level of the Presidency of the Republic, a body that will be responsible for coordinating and facilitating the materialisation of partnerships and investments, ensuring greater efficiency in the processes.
In 2022, the former Minister of Industry and Trade, Silvino Moreno, said that between 2016-2021, Nigerian investment in Mozambique was valued at more than 44 million dollars, with the banking sector standing out, considering it imperative to widen the scope for economic cooperation in other sectors.
At the time, he emphasised the existence of other areas that deserved greater prominence and that could serve as a catalyst for access to international markets and contribute to the development of both countries.
