The governments of Mozambique and Qatar are working on finalising a package of agreements covering various areas of intervention, including a legal instrument aimed at promoting and protecting mutual investments.
Speaking during the Qatar-Mozambique Business and Investment Forum, held in that Arab country, the Deputy Minister of Economy and Finance, Amílcar Tivane, said that the partnership to be established between the two nations would open up new avenues for entrepreneurs to explore existing opportunities, strengthening economic and commercial interests.
He stressed that the Mozambican government is making efforts to support sustainable growth and development, recognising the crucial role of the business sector as a strategic partner to help diversify the sources of economic growth, improve resilience, encourage job creation and promote social welfare in the country.
‘Over the last few years, the Executive has approved a wide range of policy initiatives to create a favourable environment for attracting private sector investment, an example of which is the Economic Acceleration Package (PAE), announced in August 2022, made up of 20 important points,’ he described.
Tivane stressed that ‘as part of the implementation of the EAP, various policy measures have been approved to boost the business environment, including the approval of new legislative instruments, such as the new Labour Law, the Private Investment Law, the new Foreign Exchange Law, strengthened legislation on money laundering and the fight against terrorism, the implementation of fiscal, structural and governance reforms.’
The Business and Investment Forum was organised by the Confederation of Economic Associations (CTA) of Mozambique, in partnership with the Embassy of Mozambique in Qatar, the Mozambique Investment and Export Promotion Agency (APIEX), the Qatar Chamber of Commerce and Industry (QCCI) and the Qatar Financial Centre (QFC).
