Zimbabwe is a strategic partner of Mozambique in several areas, with a long-standing partnership in political, social and economic co-operation. In this context, over the last ten years, Zimbabwean investments worth 151 million dollars have been approved in the country.
The information was revealed by the Mozambican President, Filipe Nyusi, clarifying that the money was destined for the industry, aquaculture, fisheries, tourism, agriculture and livestock sectors, and stressing that, from 2018 until the first half of 2024, exports and imports between the two nations totalled just 890 and 161 million dollars, respectively.
Speaking in Harare during the 114th edition of the Zimbabwe Agricultural Show (ZAS), the statesman said that despite the low level of trade between the two countries, Mozambique has been focusing on exporting energy, oil products, fertiliser and aluminium cables.
‘Bilateral trade and investment flows fall short of our countries’ potential in the face of the vast consumer market in the world. We must intensify economic and trade ties so that we can grow and prosper, which is why we invite all businesspeople to make use of the opportunities and create a unique platform for interaction,’ argued the ruler, quoted by the Agência de Informação de Moçambique (AIM).
The head of state emphasised that ‘it is the intention of both countries to continue cooperating and to produce wealth for well-being, intensifying trade relations through the use of infrastructure and logistical means’.
‘Bilateral trade and investment flows fall short of our countries’ potential in the face of the vast consumer market in the world.We must intensify economic and trade ties so that we can grow and prosper, so we invite all entrepreneurs to utilise the opportunities and create a unique platform for interaction”
In July, DE reported that the Mozambican and Zimbabwean authorities are in talks to extend the Machipanda railway line to Botswana. The line currently runs between Zimbabwe and the port of Beira, in Sofala province, in the centre of Mozambique.
At the time, the government officials said that the tripartite project would also include the construction of a deep-water harbour to boost economic development and increase the level of exports between the three countries.
The Beira-Machipanda line, rehabilitated in November with a length of 317 kilometres, has a capacity to transport 3.5 million tonnes a year.
