The Mozambican President, Filipe Nyusi, said this Monday (2) that the country’s geostrategic location and its development needs in sectors such as infrastructure, agriculture and tourism represent great investment opportunities for Chinese companies. The statement was made during the Mozambique-China Economic Forum, held in Shandong, China, as part of his working visit to the Asian country, as reported by Lusa.
According to the President, Mozambican President’s geographical position on the east coast of Africa constitutes an ‘unavoidable strategic platform for regional and international trade’.
The head of state highlighted the importance of ports and railways, which facilitate access to the Indian Ocean for neighbouring countries, as one of the factors that make the country attractive to Chinese investors.
Filipe Nyusi emphasised the need for infrastructure development, such as the construction of new ports in Techobanine and Macuze, as well as the reconstruction of National Road Number 1, as priority areas for receiving Chinese capital. The President also mentioned the potential for growth in sectors such as tourism, renewable energies and mining, with an emphasis on graphite, rubies and heavy sands.
Mozambique’s macroeconomic situation, characterised by a GDP growth forecast of 5.5% for this year, controlled inflation and falling interest rates, was also pointed out as a favourable factor for foreign investment, according to Nyusi.
The President also mentioned the recent legal and bureaucratic reforms aimed at facilitating the business environment in the country.
During his visit, Nyusi will also take part in the 9th China-Africa Cooperation Forum in Beijing, which will bring together representatives from China, the African Union Commission and 53 African countries to discuss strengthening economic and political relations between the parties.
