The Portuguese Government will make available a credit line of $544 million to encourage Portuguese companies to invest in Mozambique, announced on Tuesday, 9 December, by Prime Minister Luís Montenegro. The decision was presented during the final conference of the 6th Mozambique–Portugal Bilateral Summit, held in Porto, Portugal, reinforcing the economic commitment between the two countries.
Speaking alongside Mozambican President Daniel Chapo, Luís Montenegro stated that the measure demonstrates Portugal’s confidence in Mozambique’s economy: “With this, we want to signal the confidence we have in Mozambique’s economy and assure Portuguese companies that we are supporting them in the internationalization process.”
The Prime Minister explained that the credit line, aimed at various investment areas, is intended to encourage Portuguese companies to consider Mozambique as a strategic destination. Luís Montenegro urged: “Look at Mozambique, its process of political and social stabilization, and its economic ambition,” highlighting the importance of strengthening business engagement.
The summit, which brought together around twenty government officials from both countries, resulted in the signing of 22 legal instruments. These documents consolidate bilateral commitments and guide cooperation in priority sectors, with particular emphasis on sustainable economic development.
In the final declaration of the 6th Mozambique–Portugal Bilateral Summit, both governments committed to placing economic development and sustainability “at the top of the work agenda.” The document establishes guidelines to deepen partnerships and promote economic diversification in Mozambique. It also confirms that Portugal will implement the financing line to support business projects in Mozambique, up to $544 million. The goal is to foster investments that contribute to economic growth and the creation of opportunities in the country.
The document further provides for strengthening coordination mechanisms between the two governments to maximize bilateral financing instruments. The intention is to promote stronger business partnerships capable of driving economic development and enhancing strategic cooperation between Portugal and Mozambique.
Source: Lusa
