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FACIM: “APIEX Received Over 120 Investment Projects Worth $1.7B in H1”, Says Nyusi

FACIM: “APIEX Received Over 120 Investment Projects Worth $1.7B in H1”, Says Nyusi

The Agency for the Promotion of Investments and Exports (APIEX) received a total of 123 different projects in the first half of 2023, valued at 1.7 billion dollars.

The information was announced this Monday, August 28, by the Mozambican President, Filipe Nyusi, during the opening ceremony of the 58th edition of the Maputo International Fair – FACIM 2023, stating that these investments should create more than 9,000 jobs.

“Without ignoring the complexity of this international situation, we expect more vigorous growth, with the protection of the continental market, resulting from Mozambique’s accession to the African Continental Free Trade Area (AfCFTA) agreement,” he said.

For the PR, FACIM serves to provide exhibitors and visitors with the opportunity for interaction, through thematic seminars and meetings in the business to business (B2B) format, with the aim of promoting trade and investment for the establishment of business partnerships.

Meanwhile, Filipe Nyusi criticized the payment of bribes by businessmen, warning that the practice spreads corruption and undermines the country’s economy and public administration.

“Let’s fight the incidence of bribery and corruption,” he said, and then stressed that “businessmen should refrain from making illicit payments to state officials, because the practice damages the economy.”

FACIM is taking place at the Ricatla International Fairs and Exhibitions Center, located in the district of Marracuene, Maputo province, and its theme is “Diversification of the National Economy in the Context of Continental Integration”. It will last seven days (from August 28 to September 3) and will showcase the country’s potential for production and export, as well as promoting business and investment opportunities in the various segments of economic activity.

This year, more than 2,500 national and foreign exhibitors and 450 companies from 25 countries around the world have been attracted, spread over ten pavilions and free spaces, and all economic sectors, associations, public and private companies are also invited.

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The fair is a platform for exchange and cooperation and will have a range of activities including exhibitions, seminars, promotion sessions and contact exchanges.


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